Eastside Distilling, Inc. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2022
August 11, 2022 at 04:11 pm EDT
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Eastside Distilling, Inc. reported earnings results for the second quarter and six months ended June 30, 2022. For the second quarter, the company reported sales was USD 5.12 million compared to USD 3.62 million a year ago. Revenue was USD 4.86 million compared to USD 3.45 million a year ago. Net loss was USD 1.79 million compared to USD 1.77 million a year ago. Basic loss per share was USD 2.4 compared to USD 2.8 a year ago. Diluted loss per share was USD 2.4 compared to USD 2.8 a year ago.
For the six months, sales was USD 8.9 million compared to USD 6.86 million a year ago. Revenue was USD 8.6 million compared to USD 6.59 million a year ago. Net loss was USD 3.82 million compared to net income of USD 1.94 million a year ago. Basic loss per share was USD 5.2 compared to basic earnings per share of USD 3.4 a year ago. Diluted loss per share was USD 5.2 compared to diluted earnings per share of USD 2.6 a year ago.
Eastside Distilling, Inc. manufactures, acquires, blends, bottles, imports, markets, and sells a wide variety of alcoholic beverages under recognized brands. The Company operates through two segments: Spirits and Craft Canning + Printing. The Spirits segment manufactures, blends, bottles, markets, and sells a variety of alcoholic beverages under recognized brands in 30 United States. The Craft Canning + Printing segment provides digital can printing and canning services to the craft beverage industry in Washington, Oregon, and Colorado. It also operates approximately 13 mobile lines in Seattle and Spokane, Washington; Portland, Oregon; and Denver, Colorado. In addition to mobile co-packing services, it offers co-packing services from a single fixed site in Portland, Oregon. The Companyâs portfolio includes originals like the Quercus garryana barrel-finished Burnside Whiskey family, Portland Potato Vodka, Hue-Hue Coffee Rum, and Azunia Tequilas.
EASTSIDE DISTILLING, INC. 
