Eastside Distilling Q2 net loss narrows to $1.6M; Craft C+P sales up 43%

Beeline Holdings, Inc.

Gross sales $2.8M, down 45% YoY due to prior-year bulk spirits; ex-bulk sales up $0.2M.
Net loss $1.6M vs $1.8M; adjusted EBITDA -$1.0M vs -$0.4M, improved ex-bulk by $1.0M.
Craft C+P net sales up 43%, printed record 4M cans, positive segment EBITDA in June.
Joseph Giansante resigned from board Aug 11; CEO/CFO Geoffrey Gwin appointed to board.
Operating costs fell to $1.4M from $2.6M on restructuring, headcount and sponsorship cuts.

item 2.02 item 7.01 item 5.02

Executive movements

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Appointed

Geoffrey Gwin

Director

BLNE · Beeline Holdings, Inc.

Effective: 2023-08-11
Filed: August 14, 2023, 7:59 PM ET

the Board appointed Mr. Geoffrey Gwin to serve as a member of the Board beginning August 11, 2023

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 second quarter end 2023 for the period ended June 30, 2023 results: revenue $2.8 million, net income $(1.6 million).

Period: second quarter end 2023 for the period ended June 30, 2023
Revenue: $2.8 million
Net income: $(1.6 million)
Result: reported results

Exact text from the filing

in reaching our goal of EBITDA profitability than we expected at this point in the year.” Financial Results Gross sales for the three months ending June 30, 2023 decreased to $2.8 million from $5.1 million due to bulk spirits sales of $2.6 million for the three months ending June 30, 2022. Excluding bulk spirits sales, gross sales increased $0.2 million from the

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Executive change SEC 8-K Item 5.02 confidence 0.95

Geoffrey Gwin was appointed as Director at Beeline Holdings, Inc..

Action: appointed
Role: Director

Exact text from the filing

the Board appointed Mr. Geoffrey Gwin to serve as a member of the Board beginning August 11, 2023

View on SEC.gov

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Beeline Holdings, Inc. filing history →

Source: SEC EDGAR

accession 0001493152-23-028516

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