Jones Soda Co. released its first quarter 2025 financial results, showing a decrease in revenue to $4.6 million compared to $5.0 million in the same period last year. This decline was mainly due to a significant one-time pipeline fill that occurred in the first quarter of 2024. The company's beverages segment, which includes craft soda brands such as HD9, Pop Jones, and Fiesta Jones, contributed approximately $4.2 million in revenue for the quarter, down from $4.6 million in the prior year. The company reported a net loss of $0.9 million, or $(0.01) per share, marking an improvement from the net loss of $1.2 million, or $(0.01) per share, in the previous year. The decrease in net loss is attributed to a reduction in selling, general, and administrative expenses, despite the revenue drop. Adjusted EBITDA showed a positive trend, improving by 39% to $(0.6) million in the first quarter of 2025, from $(1.0) million in the prior year period. Jones Soda Co. continues to focus on its core soda, modern soda, and adult beverage categories by investing in high-growth opportunities and managing costs effectively, with an emphasis on disciplined, ROI-driven decisions.