---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-22-008168"
form_type: "8-K"
ticker: "BLNE"
cik: "0001534708"
company_name: "Beeline Holdings, Inc."
filed_at: "2022-03-30T23:59:59+00:00"
generated_at: "2026-06-26T13:26:30.414234+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001493152-22-008168
- form_type: 8-K
- ticker: BLNE
- cik: 0001534708
- company_name: Beeline Holdings, Inc.
- filed_at: 2022-03-30T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 5.02
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1534708/000149315222008168/0001493152-22-008168-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1534708/000149315222008168/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-22-008168
- JSON: https://secwatch.observer/filing/0001493152-22-008168.json
- Plain text: https://secwatch.observer/filing/0001493152-22-008168.txt

## Key facts
- Executive change
  Geoffrey Gwin was appointed as Director at Beeline Holdings, Inc..
  - Action: appointed
  - Role: Director
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/1534708/000149315222008168/0001493152-22-008168-index.htm
- Executive change
  Joseph Giansante was appointed as Director at Beeline Holdings, Inc..
  - Action: appointed
  - Role: Director
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/1534708/000149315222008168/0001493152-22-008168-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.