secwatch.observer — SEC 8-K summary
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Issuer:     Beeline Holdings, Inc. (BLNE)
CIK:        0001534708
Form:       8-K
Filed at:   2023-03-31T23:59:59+00:00
Accession:  0001493152-23-010287
Event type: earnings
Sentiment:  negative
Materiality: 0.80
Item codes: 2.02
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1534708/000149315223010287/0001493152-23-010287-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1534708/000149315223010287/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-23-010287

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