11:07 AM EDT, 08/15/2025 (MT Newswires) -- Jones Soda ( JSDA ) up 6% on last look, on Friday reported a swing to a second-quarter profit.

Net income was US$2.6 million, or US$0.02 per share, compared with a loss of US$1.6 million, or US$0.02, in the prior-year period. The increase was driven primarily by the US$3 million sale of the cannabis business and lower operating costs during the quarter, a statement said.

Revenue fell to US$4.9 million from US$6.7 million the year before. The decline was due to a large one-time pipeline fill in the second quarter last year.

"In the second quarter of 2025, we built on the solid foundation laid in the first quarter, making meaningful strides in our strategic turnaround and are maintaining strong early momentum," said chief executive Scott Harvey. "Most significantly, the second quarter marked a return to positive net income of $2.6 million, primarily driven by the gain on the sale of our Cannabis business. While this milestone highlights the immediate financial benefit of the divestiture, it also reflects our team's continued focus on operating efficiently and managing expenses effectively."

Jones Soda ( JSDA ) was last seen up $0.015 to $0.26 on the Canadian Securities Exchange.

Price: 0.26, Change: +0.02, Percent Change: +6.12