Soda Jones - ich habs heute mal riskiert und
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| Eröffnet am: | 07.07.06 22:43 | von: stefan64 | Anzahl Beiträge: | 7 |
| Neuester Beitrag: | 28.12.06 18:16 | von: stefan64 | Leser gesamt: | 6.502 |
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mir welche hingelegt - bin mal gespannt, der folgende Artikel beschreibt die Situation ganz gut
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Indie Research
TrendSpotting: Searching for the Next "Pop" Star
Tuesday June 27, 10:45 am ET
By Geoffrey Seiler, BullMarket.com
When it comes to beverages, companies like Coca-Cola (NYSE: KO - News) and Pepsico (NYSE: PEP - News) dominate both in terms of market share and sales. Investors in the sector, however, have probably been more impressed with Hansen Natural (Nasdaq: HANS - News), whose shares have risen more than 15 fold in the past two years. The maker of Hansen's Sodas and Monster Energy drinks has produced astounding revenue and earnings growth, with earnings tripling and revenue doubling from 2004 to 2005.
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The question on many investors' minds is whether there is another "pop" star out there? One leading candidate is Jones Soda (Nasdaq: JSDA - News). With a lineup of premium sodas that includes innovative flavors like watermelon and blueberry - not to mention special holiday rollouts, such as candy corn and pumpkin brews for Halloween - and an energy drink that goes by the name WhoopAss, Jones is a company with attitude. And it is precisely this attitude that makes Jones an interesting investment.
One of Jones' biggest strengths lies in its interaction and relationship with its customers. Jones enthusiasts can suggest flavors on the company's website that may later be seen on store shelves. They can also order a 12-pack of soda with personalized labels for $34.95 plus shipping and handling through myJones.com. Jones' branding has helped give its customers the feeling of ownership, which has helped drive sales in a competitive market. As Jones CEO Peter van Stolk eloquently told FastCompany magazine earlier this year, "the reality is that consumers don't need our s -- -," but they "get fired up about Jones because it's theirs."
One look at Jones' website and the demographic the beverage company is targeting is evident. While Jessica Simpson, Diddy, and basketball players may be the faces of Coke and Pepsi products, skateboarders, surfers, and indie rockers are the face of Jones. The company continually has two RVs out on the road to promote its products, both in places where it is welcomed, such as the X-games, and some places where it is not so welcome, like an unsolicited stop by a school.
This fits in perfectly with a company's whose products are anything but mainstream. It offers unique drinks for a generation that wants to be on the cutting edge and rebel from cookie cutter pop culture conformity. For Jones drinkers, image is just as important as taste. Bravado alone does not create success, though. The company has also built a solid presence in retail stores, with distribution deals at such hot spots as Starbucks (Nasdaq: SBUX - News) and Panera Bread (Nasdaq: PNRA - News), as well as grocery stores and retailer Target (NYSE: TGT - News). The deal with Target includes an exclusive agreement to sell canned soda, as well as bottled soda and energy drinks. After a disappointing first two quarters to start 2005, which saw bottom-line results hurt by increased selling and promotion expenses, Jones posted two solid quarters to end the year. For Q4, revenue increased 37% year over year and EPS went from breakeven a year ago to 3 cents. Gross margins also steadily improved throughout the year, creeping up each quarter. The first quarter of 2006 saw the company continue to post solid year-over-year revenue growth. However, stock-based compensation pushed EPS to breakeven and gross margins slipped sequentially.
A PIPE (private investment in public equity) deal earlier this month grossed Jones approximately $30 million, while diluting existing shareholders by increasing the share count by about 15%. While the deal could be a bit of an overhang on the stock in the short term, it gives the company more flexibility in helping it achieve the five key initiatives management laid out on its Q1 conference call. These include 1) expanding myJones by tripling capacity to help lower shipping costs and make it more practicable to customers; 2) building up retail partnerships; 3) ramping up off-shore licensing agreements; 4) driving growth in retail channels; and 5) utilizing intellectual property for monetization.
While Jones is not cheap on a forward PE or PEG level, the company has a solid balance sheet and is facing easy year-ago comps for the first two quarters. Expectations, however, are running high and the company will need to deliver; especially after diluting shareholders. The biggest issue facing the company in the near term will be extending its deal with Target, which expires in July.
With its cult-like following and innovative twist on an old product, Jones is a little reminiscent of Ben and Jerry's before it sold itself to Unilever (NYSE: UN - News) for $326 million in 2000. At this point in the game, Jones is a speculative stock to own. However, growth is really starting to pick up, and as more consumers become aware of the company's products, this trend should continue.
At its current valuation, Jones looks a bit pricey, and interested investors would be well advised just to buy a starter position and wait to buy more shares on any hiccups that may develop later this year. Its returns may not be able to keep up with the Hansens of the world, but investors could be well served to keep up with the Jones.
Target and Starbucks are Bull Market Report Recommended List Stocks.
Geoffrey Seiler is the Director of Content at Indie Research, publishers of BullMarket.com, Findprofit.com, InsiderScore.com, and NextInning.com. He does not have any long or short positions in any company mentioned. Indie Research has a disclosure policy.
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Stefan64
schreib ich beim nächstnemal auch den Namen richtig rum, natürlich heißt die Firma
JONES SODA
Stefan64
jetzt bin ich nett im Plus, hoffentlich gehts so noch etwas weiter
freudige Grüße
Stefan64
Lt Yahoo Finance gibt es drei Analysten mit folgenden Schätzungen für das Quartal Umsatz 10,76 Mio USD, EPS 3 cent/Aktie -Daumen drücken, Daumen drücken....
Stefan64
Stefan64
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Jones Soda Co. Announces 2006 Third Quarter Financial Results
Wednesday November 1, 4:00 pm ET
--Third Quarter Revenues Increased 14.6% to $10.2 million--
--Company Reports 3Q06 Diluted EPS of $0.01--
--Cash on hand $32.4 million--
SEATTLE--(BUSINESS WIRE)--Jones Soda Co. (the "Company" or "Jones") (NASDAQ:JSDA - News; TSX VENTURE:JSD - News) today announced financial results for the third quarter ended September 30, 2006.
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Revenue for the third quarter of fiscal 2006 increased 14.6% to $10,200,843 compared to $8,900,692 for the third quarter of fiscal 2005. Net income was $194,774 or $0.01 per diluted share, versus net income of $846,286, or $0.04 per diluted share, for the same period last year.
For the nine months ended September 30, 2006 revenues increased 17.1% to $28,987,200 compared to $24,759,677. Net income for the nine months ended September 30, 2006 was $2,511,111 or $0.10 per diluted share, versus net income of $702,781 or $0.03 per diluted share. The year to date net income for 2006 includes a one-time non-cash income tax benefit of $1,482,934 recorded in the second quarter, related to the reversal of a significant portion of our valuation allowance for net deferred tax assets. Prior to the 2006 second quarter, we maintained a valuation allowance for our deferred tax assets (in accordance with SFAS No. 109, "Accounting for Income taxes") due to the uncertainty regarding the full utilization of our deferred net tax asset.
We implemented Financial Accounting Standard No. 123 (revised 2004), "Share-Based payments" (FAS 123R), in the first quarter of 2006. As a result, third quarter earnings include $187,100 of stock-related expense, compared to no such expense for the third quarter of 2005. Excluding the impact of the stock related compensation, earnings in the third quarter of 2006 were $0.01 per diluted share, compared to $0.04 per diluted share for the third quarter of 2005.
Gross margin for the third quarter increased 70 basis points to 35.5% versus 34.8% in the third quarter of the prior year. Operating expenses as a percentage of sales were 36.9% during the quarter compared to 28.4% for the corresponding period a year ago.
Management believes that the presentation of non-GAAP financial measures provides useful information to investors regarding the Company's income from operations and comparisons to prior years' results.
Peter van Stolk, President and C.E.O stated, "We are pleased with our top line performance for the third quarter which was driven by ongoing strength in our DTR channels of distribution, coupled with revenue growth in our DSD business. We also experienced meaningful gross margin improvement as we continued to benefit from cost efficiencies. However, our earnings were impacted by our strategic decision to focus on the launch of our cans which is slated for the first quarter of 2007. The additional investments in this new operating platform is critical prior to the launch to ensure our future growth plans are achieved."
Mr. van Stolk continued, "During the third quarter we announced a 5-year distribution and manufacturing agreement with National Beverage Corporation for 12-ounce cans of Jones Soda and 16-ounce cans of Jones Energy for the U.S. market beginning in 2007. After a successful 2-year licensing agreement with Target for Jones Soda cans, we now believe it is in the best interests of our company to expand our presence in the $66 billion CSD category. In an effort to maximize our opportunities with our large network of beverage retailers across the country and best prepare for the upcoming launch we are hiring additional personnel, making upgrades to our infrastructure, and increasing our sales and marketing expenditures. We believe these investments will well position us to capitalize on the many prospects we believe exist for this business."
Mr. van Stolk concluded, "We are very pleased with our sales and earnings results for the first nine-months of fiscal 2006 and as we look out to next year, we are very excited about the direction our company is headed. Through our core DSD operating segment and DTR relationships with leading retailers such as Starbucks, Panera Bread, and Barnes & Noble, our brand recognition has grown significantly over the past several years. We now look forward to building on our position with our expansion in the CSD market and taking this company to the next level. We remain committed to delivering long-term profitable growth and returning value to our shareholders."
Headquartered in Seattle, Washington, Jones Soda Co. manufactures its Jones Soda, Jones Energy, Jones Organics, Jones Naturals, Jones 24C and Whoopass brands and sells through its distribution network in select markets across North America. A leader in the premium soda category, Jones is known for its innovative labeling technique that incorporates always-changing photos sent in from its consumers. Jones Soda is sold through traditional beverage retailers and everywhere you'd never expect to find a soda.
This press release contains forward-looking statements and projections concerning the Company's plans, strategies, expectations, predictions and financial projections concerning the Company's future activities and results of operations and other future events or conditions, and are "forward-looking statements" as defined by the Private Securities Litigation Reform Act of 1995. Words such as "expect," "believe," "anticipate," "may," "will," "plan," "intend," "estimate," "could," and other similar expressions are intended to identify these forward-looking statements. In particular, statements in this release regarding our growth and expansion efforts, working capital and cash flow management, future profitability and results of operations are forward looking. Statements in this press release, and elsewhere, that look forward in time or include anything other than historical information involve risks and uncertainties that may affect the Company's actual results of operations. These statements by the Company are subject to certain risks, including, among others, future demand for its products, competition from other businesses providing similar products, the ability to maintain profitability and control expenses and the Company's ability to successfully execute its business strategy. These and other risks and uncertainties are discussed in more detail in the Company's periodic reports filed with the Securities and Exchange Commission under the Securities Exchange Act of 1934, as amended, which are available at the SEC website at www.sec.gov.
JONES SODA CO.
CONSOLIDATED STATEMENT OF OPERATIONS
(Unaudited)
Three Months Ended Nine Months Ended
September 30, September 30,
--------------------------------------------------
2006 2005 2006 2005
--------------------------------------------------
Revenue $10,200,843 $8,900,692 $28,987,200 $24,759,677
Cost of Goods Sold 6,583,942 5,807,208 18,444,308 16,366,799
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Gross Profit 3,616,901 3,093,484 10,542,892 8,392,878
Gross Margin 35.5% 34.8% 36.4% 33.9%
Licensing Revenue 274,593 266,967 558,645 600,758
Operating
Expenses(1):
Promotion and
Selling 2,688,530 1,765,594 6,814,705 5,938,483
General & Admin. 1,076,143 761,925 3,279,476 2,379,308
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3,764,673 2,527,519 10,094,181 8,317,791
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Earnings before
interest & taxes 126,821 832,932 1,007,356 675,845
Interest income,
net 438,958 13,354 552,305 26,936
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Earnings before
income taxes 565,779 846,286 1,559,661 702,781
Income tax benefit
(expense)
Current (141,875) - (302,354) -
Deferred (229,130) - 1,253,804 -
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Earnings for the
period $194,774 $846,286 $2,511,111 $702,781
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Earnings per share:
Basic $0.01 $0.04 $0.11 $0.03
Diluted $0.01 $0.04 $0.10 $0.03
Weighted average number of common stock:
Basic 25,345,494 21,491,906 23,344,126 21,347,209
Diluted 26,276,553 22,683,354 24,251,625 22,537,821
(1) Includes non-cash
stock based
compensation:
Promotion and selling $63,970 - $282,850 -
General and
administrative $123,130 - $543,678 $5,745
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JONES SODA CO.
CONSOLIDATED BALANCE SHEET
Sept. 30, Dec. 31,
2006 2005
--------------------------------------------------
(unaudited)
ASSETS
Current Assets:
Cash and cash equivalents $16,007,552 $1,176,101
Short-term investments $16,397,174 -
Accounts receivable 4,389,474 3,699,994
Inventory 5,155,279 4,694,213
Deferred income tax asset 406,618 -
Prepaid expenses 290,392 146,614
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42,646,489 9,716,922
Deferred income tax asset 847,186 -
Capital assets 863,016 662,942
Intangible assets 223,161 72,753
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$44,579,852 $10,452,617
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LIABILITIES AND SHAREHOLDERS' EQUITY
Current Liabilities:
Accounts payable and accrued liabilities $5,648,685 3,851,335
Current portion of capital lease
obligations $87,663 114,110
Taxes payable 226,384 -
Deferred revenue 14,818 52,318
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5,977,550 4,017,763
-
Capital lease obligations, less current
portion 28,193 88,219
Shareholders' equity 38,574,109 6,346,635
--------------------------------------------------
$44,579,852 $10,452,617
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JONES SODA CO.
CONSOLIDATED STATEMENT OF CASH FLOWS
Nine months Nine months
ended ended
Sept. 30, Sept. 30,
2006 2005
--------------------------------------------------
(unaudited) (unaudited)
Cash from(used in) operating activities :
Earnings for the period $2,511,111 $702,781
Items not involving cash:
Depreciation and amortization 185,628 171,599
Deferred income taxes (1,253,804) -
Stock based compensation 826,528 5,745
Change in assets and liabilities
Accounts receivable (689,479) (678,957)
Inventory (461,066) (1,380,708)
Prepaid expenses (143,778) 186,906
Deferred income (37,500) (35,227)
Taxes payable 226,384 -
Accounts payable and accrued liabilities 1,797,350 879,083
--------------------------------------------------
Net cash from (used in) operating activities 2,961,374 (148,778)
Cash used in investing activities:
Purchases of short-term investments-net (16,397,174) -
Purchase of capital assets (358,834) (180,965)
Purchase of intangible assets (177,277) (24,781)
--------------------------------------------------
Net cash used in investing activities (16,933,285) (205,746)
Cash from financing activities:
Net repayment under line of credit - (370,285)
Net repayment of capital lease
obligations (86,473) 54,772
Net proceeds from PIPE 28,080,142 -
Proceeds from exercise of options 809,693 639,812
--------------------------------------------------
Net cash from financing activities 28,803,362 324,299
--------------------------------------------------
Net increase(decrease) in cash and cash
equivalents 14,831,451 (30,225)
Cash and cash equivalents, beginning of
period 1,176,101 333,533
--------------------------------------------------
Cash and cash equivalents, end of period $16,007,552 $303,308
--------------------------------------------------
The Toronto Venture Exchange has not reviewed and does not accept responsibility for the adequacy of the content of the information herein.
Contact:
Jones Soda Co.
Peter van Stolk, 206-624-3357
pvs@jonessoda.com
or
Integrated Corporate Relations
Chad Jacobs, 203-682-8200
cjacobs@icr-online.com
Source: Jones Soda Co.
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http://www.thestreet.com/_tscs/funds/madmoneywrap/10329306.html
Stefan64
Stefan64