secwatch.observer — SEC 8-K summary
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Issuer:     Beeline Holdings, Inc. (BLNE)
CIK:        0001534708
Form:       8-K
Filed at:   2022-03-30T23:59:59+00:00
Accession:  0001493152-22-008168
Event type: earnings
Sentiment:  negative
Materiality: 0.70
Item codes: 2.02, 5.02
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1534708/000149315222008168/0001493152-22-008168-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1534708/000149315222008168/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-22-008168

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer