Key Developments For Jones Soda Co.
Jones Soda Co. (JSDA.O) (Consolidated Issue listed on NASDAQ Capital Market)
Jones Soda Co. Comments On Q1, Q2, Q3 And Q4 2009 Earnings Outlook-Conference Call
Jones Soda Co. announced that it expects meaningful bottom line improvement in all four quarters of 2009 versus the corresponding periods of fiscal 2008. The Company reported loss per share of $0.15, $0.10, $0.20 and $0.13 in the first, second, third and fourth quarters of 2008 respectively. According to Reuters Estimates, analysts on an average are expecting the Company to report loss per share of $0.08, $0.05, $0.08 and $0.02 for the first, second, third and fourth quarters of 2009 respectively.
Jones Soda Co. Appoints Joth Ricci As Chief Executive Officer
Jones Soda Co. nounced that its Board of Directors has appointed Joth Ricci President and Chief Executive Officer, effective May 1, 2009. Ricci, who has served as the Company's Chief Operating Officer since January 22, 2008, succeeds Stephen Jones, who is stepping down but will continue as a member of the Board of Directors.
Jones Soda Co. Cuts Work Force By 38%-DJ
Dow Jones reported that Jones Soda Co. implemented a reduction in workforce by approximately 38% to 68 employees. The Seattle soda maker expects the reduction in workforce will save an estimated $2.6 million in expenses on an annualized basis, according to a filing with the Securities and Exchange Commission.
Jones Soda Co. Announces Appointment Of Michael O'Brien As Chief Financial Officer
Jones Soda Co. announced that the executive appointment of Michael O'Brien as chief financial officer, effective September 2, 2008. Mr. O'Brien replaces Hassan Natha who plans to pursue other interests. Mr. Natha intends to be involved through the transition process.
Jones Soda Co. Lowers FY 2008 Revenue Outlook-Conference Call
Jones Soda Co. announced that for fiscal 2008, it now expects net revenues to increase approximately 10% plus over fiscal 2007 levels versus previous expectation of 20%. The Company reported revenue of $45.33 million in fiscal 2007.
