Eastside Distilling reports Q3 gross sales down to $3.1M; net loss widens to $2.7M

Beeline Holdings, Inc.

2022-Q3 EPS reported -$0.44 revenue$11,574,000

Gross sales for Q3 2022: $3.1M vs $3.3M YoY; gross margin dropped to 6% from 27%.
Net loss widened to $(2.7)M from $(1.9)M in Q3 2021; adjusted EBITDA loss was $(1.1)M vs $(0.6)M.
Raised $4.5M post-quarter, repaying $3.3M of short-term debt; total debt repaid nearly $7M through Oct 2022.
Digital can printing produced over 4M cans since April launch; Craft C+P sales increased.
Operating costs decreased to $2.1M from $2.4M YoY.

item 2.02 item 7.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

Beeline Holdings, Inc. reported the fiscal quarter ended September 30, 2022 results: revenue $3.1 million, net income $(2.7) million.

Period: the fiscal quarter ended September 30, 2022
Revenue: $3.1 million
Net income: $(2.7) million
Result: reported results

Exact text from the filing

and see stronger results as we finish the year,” said Geoffrey Gwin, Eastside’s CEO. Financial Results Gross sales for the three months ending September 30, 2022 decreased to $3.1 million from $3.3 million for the three months ending September 30, 2021. Sales decreased due to lower spirits sales from Azuñia volume related to a reduction in discounting, a price

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Source: SEC EDGAR

accession 0001493152-22-031982

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