Eastside Distilling Q1 2023 net loss improves to $1.6M; Craft C+P sales up 37%

Beeline Holdings, Inc.

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

Gross sales $2.9M vs $3.8M prior year; net loss narrowed to $1.6M from $2.0M.
Adjusted EBITDA improved to -$0.7M from -$1.0M year-over-year.
Craft C+P segment sales +37% with record 2.5M cans printed in the quarter.
Announces 1-for-20 reverse stock split to address one of two Nasdaq compliance issues.
CEO expects stronger Q2 results excluding bulk barrel sales.

item 2.02

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

Beeline Holdings, Inc. reported the three months ended March 31, 2023 results: revenue $2.9 million, net income $1.6 million. Guidance reaffirmed.

Period: the three months ended March 31, 2023
Revenue: $2.9 million
Net income: $1.6 million
Guidance: reaffirmed
Result: reported results

Exact text from the filing

“I expect stronger results in the 2 nd quarter of this year excluding bulk barrel sales.” Financial Results Gross sales for the three months ending March 31, 2023 decreased to $2.9 million from $3.8 million. Craft C+P sales increased due to digital printing, offset by lower results in mobile canning business. For the three months ending March 31, 2023 and 2022, the

View on SEC.gov

13 earnings releases filed in the last 30 days. Browse all earnings releases →

Beeline Holdings, Inc. filing history →

Source: SEC EDGAR

accession 0001493152-23-016978

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.