Eastside Distilling reports FY2022 net loss of $16.4M, vs $2.2M loss prior year; raises $5.2M

Beeline Holdings, Inc.

2024-Q1 EPS reported -$2.00 revenue$2,853,000

Net loss widened to $16.4M from $2.2M in 2021; adjusted EBITDA improved to $(4.4)M from $(4.8)M.
Gross sales increased to $14.3M from $12.9M, driven by bulk spirits barrel sales ($4.4M); spirits gross sales up over 50%.
Operating costs fell to $9.1M from $9.8M; gross profit declined to $2.4M from $2.9M.
Raised $5.2M cash in Q4 2022 and $0.3M after year-end to fund working capital.
CEO expects meaningful improvements in 2023; digital printing ramp not fast enough to offset mobile canning decline.

item 2.02

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.85

Beeline Holdings, Inc. reported financial results for the fiscal year ended December 31, 2022.

Period: the fiscal year ended December 31, 2022
Result: reported results

Exact text from the filing

On March 31, 2023, Eastside Distilling, Inc. (the “Company”) issued a press release announcing financial results for the fiscal year ended December 31, 2022.

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Beeline Holdings, Inc. filing history →

Source: SEC EDGAR

accession 0001493152-23-010287

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