![]() ![]() Now, 2017 numbers aren't much better, with revenue and earnings both flat. During that period, its top and bottom lines took a hit: This automated JambaGO program not only damaged its profitability but its brand as well:Īs such, it had to close about 2,000 JambaGO units at the end of fiscal 2016. In part, it's recovering from its automated smoothie program. To make matters worse, the numbers aren't very good at all. In my opinion, until Jamba proves that it can consistently report earnings in a timely fashion, investors would be wise to be cautious. The reader can decide for themselves what the NASDAQ warning signifies about Jamba's internal controls. ![]() Delays cause investors to panic - because, as Investopedia suggests, "you do not want to be left holding the bag if it turns out that the financial statements were delayed for a disastrous reason, such as accounting fraud." Even if the reason is innocent, the lack of insight can cause panicked sell-offs, lowering share price. While delays happen, a history of reporting misses is problematic for investors. moved its headquarters last year from Emeryville, Calif., to Frisco. In seeking an extension from the Nasdaq panel in September, Jamba said it was delayed in completing financial statements because of 'significant changes in the company's business model, leadership and key personnel' and the relocation of its corporate office in 2016. Filing appears to be an ongoing issue for Jamba: In September, it received a warning letter from Nasdaq due to delinquency in filing its fiscal 2017 10-K and 10-Qs ended April 4 and July 4, 2017. It offers new franchise owners two models from which to choose: As per its 10-Q, Jamba ( NASDAQ: JMBA) is a global healthy lifestyle brand that "inspires and simplifies healthful living through freshly blended whole fruit and vegetable smoothies, bowls, juices, cold-pressed shots, boosts, snacks, and meal replacements." Headquarters were relocated to Frisco, Texas, from Emeryville, California, in Q4 2016. ![]()
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