Eastside Distilling FY2021 revenue $12.9M, net loss narrows to $2.2M; appoints two directors

Beeline Holdings, Inc.

Gross sales for FY2021 decreased to $12.9M from $14.8M; gross margin fell to 23% from 26%.
Net loss improved to $(2.2)M from $(9.9)M; adjusted EBITDA was $(4.2)M vs $(5.3)M last year.
Raised $4.0M in Q4 and $3.5M post-quarter; reduced debt by $13M and increased working capital by $22M.
Spirits case volume down 5% for the year; Q4 cases 8,388 (-9% YoY).
Appointed Joseph Giansante and CEO Geoffrey Gwin to the Board effective March 28, 2022.

item 2.02 item 5.02

Executive movements

Machine-extracted from this filing. Every card cites the SEC source. See all recent executive movements.

Appointed

Geoffrey Gwin

Director

BLNE · Beeline Holdings, Inc.

Effective: 2022-03-28
Filed: March 30, 2022, 7:59 PM ET

On March 28, 2022, the Board of Directors (the “Board”) of Eastside Distilling, Inc. (the “Company”) appointed Messrs. Geoffrey Gwin and Joseph Giansante to the Board, effective immediately

Appointed

Joseph Giansante

Director

BLNE · Beeline Holdings, Inc.

Effective: 2022-03-28
Filed: March 30, 2022, 7:59 PM ET

On March 28, 2022, the Board of Directors (the “Board”) of Eastside Distilling, Inc. (the “Company”) appointed Messrs. Geoffrey Gwin and Joseph Giansante to the Board, effective immediately

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Geoffrey Gwin was appointed as Director at Beeline Holdings, Inc..

Action: appointed
Role: Director

Exact text from the filing

On March 28, 2022, the Board of Directors (the “Board”) of Eastside Distilling, Inc. (the “Company”) appointed Messrs. Geoffrey Gwin and Joseph Giansante to the Board, effective immediately

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Joseph Giansante was appointed as Director at Beeline Holdings, Inc..

Action: appointed
Role: Director

Exact text from the filing

On March 28, 2022, the Board of Directors (the “Board”) of Eastside Distilling, Inc. (the “Company”) appointed Messrs. Geoffrey Gwin and Joseph Giansante to the Board, effective immediately

View on SEC.gov

Beeline Holdings, Inc. filing history →

Source: SEC EDGAR

accession 0001493152-22-008168

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