The craft soda firm Jones Soda Co (OTCMKTS:JSDA) has emerged as a point of focus among many investors in recent days and over the course of the past week, the stock has managed to clock gains of as much as 30%.
Yesterday the company was in the news as well after it announced its financial results for the second fiscal quarter for the period that ended on June 30, 2021. Jones Soda managed to generate revenues of as much as $4.5 million for the quarter and that worked out to a year on year rise of as much as 44% from the revenues of $3.1 million in the year ago period.
On the other hand, the company also managed boost its gross profit in terms of percentage of its revenues to as much as 31.3%. In the prior year period, it stood at only 18.9%.
However, that is not all. Jones Soda also did well with regards to net income. The company’s net income soared to as much as $309,000 and that was a major turnaround from the net loss to the tune of $738,000 in the prior year period. It might now be a good idea for investors to keep the Jones Soda stock in their watch lists.