Inactive Instrument

Winc, Inc.

WBEV

US97265W1053

Winc, Inc. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2022

August 11, 2022 at 08:00 am EDT

Winc, 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 17.64 million compared to USD 17.65 million a year ago. Net loss was USD 3.98 million compared to USD 3.93 million a year ago. Basic loss per share from continuing operations was USD 0.32 compared to USD 2.06 a year ago.
For the six months, sales was USD 36.1 million compared to USD 35.12 million a year ago. Net loss was USD 8.22 million compared to USD 3.34 million a year ago. Basic loss per share from continuing operations was USD 0.66 compared to USD 1.9 a year ago.

Latest news about Winc, Inc.

Project Crush Acquisition Corp LLC acquired Assets from Winc, Inc. (OTCPK:WBEV.Q) and Winc Lost Poet, LLC.	Dec. 06	CI
Winc, Inc. Emerged from Bankruptcy	23-08-09	CI
Combined Reorganization Plan Approved for Winc, Inc.	23-08-03	CI
Second Motion for Exclusivity Period Extension Approved For Winc, Inc.	23-07-17	CI
Modified Disclosure Statement Approved for Winc, Inc.	23-06-27	CI
Combined Reorganization Plan and Disclosure Statement Filed by Winc, Inc.	23-06-05	CI
First Motion for Exclusivity Period Extension Approved For Winc, Inc.	23-03-13	CI
First Motion for Exclusivity Period Extension Filed by Winc, Inc.	23-02-20	CI
Winc, Inc. Announces Geoffrey McFarlane Resignation from Board of Directors	23-02-07	CI
Winc, Inc. Announces Executive Changes	23-01-26	CI
Winc, Inc. Terminates Brian Smith Interim Chief Executive Officer, Effective January 20, 2023	23-01-26	CI
Winc, Inc. Terminates Carol Brault, the Company’s Chief Financial Officer, Effective January 20, 2023	23-01-26	CI
AMASS Brands, Inc. acquired Operating assets of Winc, Inc.	23-01-25	CI
Motion for Asset Sale Approved for Winc, Inc.	23-01-18	CI
Notice of Selection of Successful Bidder Filed by Winc, Inc.	23-01-09	CI
Final DIP Financing Approved for Winc, Inc.	23-01-05	CI
Revised Asset Purchase Agreement Filed by Winc, Inc.	22-12-22	CI
Bidding Procedure Approved for Winc, Inc.	22-12-21	CI
Winc, Inc.(NYSEAM:WBEV) dropped from S&P TMI Index	22-12-16	CI
Top Premarket Decliners	22-12-07	MT
Interim DIP Financing Approved for Winc, Inc.	22-12-07	CI
Motion for Asset Sale Filed by Winc, Inc.	22-12-07	CI
Project Crush Acquisition Corp LLC entered into an asset purchase agreement to acquire Assets from Winc, Inc. (OTCPK:WBEV.Q) and Winc Lost Poet, LLC for $10 million.	22-12-06	CI
Motion for Joint Administration Approved for Winc, Inc.	22-12-05	CI
Top Premarket Gainers	22-12-02	MT

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Company Profile

Winc, Inc. is a producer of alcoholic beverage products available for purchase through wholesale and direct-to-consumer (DTC) channels. The Company's products are available in the wholesale channel at premium retailers and restaurants throughout the Country, including Whole Foods, Here Everything's Better (H-E-B), Safeway/Albertsons and Target. In the DTC channel, the Company offers dedicated brand websites and participation in its membership rewards program (Insider Access) that enables consumers to gain access to member-only pricing, emails, newsletters, special offers, and other updates to maximize their experience. Insider Access customers are charged a monthly fee in exchange for credits which the customer may redeem for the Company's products at any time through the Winc.com platform. The Company develops its products in conjunction with winemakers, vineyards, distillers and manufacturers, both domestically and internationally.

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Distillers & Wineries

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