Eastside Distilling, Inc. Reports Earnings Results for the Full Year Ended December 31, 2023
April 01, 2024 at 04:31 pm EDT
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Eastside Distilling, Inc. reported earnings results for the full year ended December 31, 2023. For the full year, the company reported sales was USD 10.8 million compared to USD 14.33 million a year ago. Revenue was USD 10.5 million compared to USD 13.88 million a year ago.
Net loss was USD 7.54 million compared to USD 16.27 million a year ago. Basic loss per share from continuing operations was USD 7.04 compared to USD 21.4 a year ago.
Eastside Distilling, Inc. is engaged in producing craft spirits in Portland, Oregon. The Company operates through two segments: Craft Canning + Printing and Spirits. Its Craft Canning + Printing segment provides digital can printing services to customers in the craft beverage industry operating throughout the Pacific Northwest as well as other states. It also provides mobile canning services to the craft beverage industry in Oregon. In addition to these services, the Company offers co-packing services from a single fixed site in Portland, Oregon. It offers co-packing services for non-alcoholic canned beverages, including CBD soda waters in Portland, Oregon. Its Spirits segment manufactures, blends, bottles, markets and sells a variety of alcoholic beverages under brands in 23 states in the United States. Its portfolio includes originals like the Quercus garryana barrel-finished Burnside Whiskey family, Portland Potato Vodka, Hue-Hue Coffee Rum, Azunia Tequilas and Eastside Brands.
EASTSIDE DISTILLING, INC. 
