Eastside Distilling Q4 net loss narrows to $2.1M; record can printing 14.1M cans in 2023

Beeline Holdings, Inc.

2024-Q1 EPS reported -$0.78 revenue$597,000

Net loss for Q4 2023 was $2.1M, down from $9.7M in Q4 2022, partly due to lower impairment of $0.4M vs $7.5M.
Gross sales decreased to $2.1M from $2.4M; gross margin remained at (6)% as spirits margins improved.
Adjusted EBITDA improved to -$1.3M from -$1.6M in the prior year quarter.
Record 14.1M digitally printed cans in 2023; expects Q1 2024 record of 4.7M cans (88% YoY increase).
Spirits operating losses improved 74% in 2023; company expects continued improvement in Q1 2024.

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 fourth quarter and year end financial results for the period ended December 31, 2023 results: revenue $2.1 million, net income $2.1 million.

Period: fourth quarter and year end financial results for the period ended December 31, 2023
Revenue: $2.1 million
Net income: $2.1 million
Result: reported results

Exact text from the filing

record digital can printing results in the first quarter—we are off to a great start.” Financial Results Gross sales for the three months ending December 31, 2023 decreased to $2.1 million from $2.4 million for the three months ending December 31, 2022, as both mobile canning and spirits sales were down, offset by an increase in digital can printing. Year over year

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Source: SEC EDGAR

accession 0001493152-24-012427

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