Eastside Reports First Quarter 2018 Financial Results

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Go back to Eastside Reports First Quarter 2018 Financial Results

Eastern Security & Protection Services, Inc. (EAST) Misses Q1 EPS by 11c, Miss on Revenues

May 14, 2018 7:32 AM EDT

Eastern Security & Protection Services, Inc. (NASDAQ: EAST) reported Q1 EPS of ($0.27), $0.11 worse than the analyst estimate of ($0.16). Revenue for the quarter came in at $1.41 million versus the consensus estimate of $1.44 million.

Q1 2018 Financial Highlights:

Gross sales for the quarter ended March 31, 2018 were of $1,413,182, an increase of 70% compared to $829,669 in the first quarter of 2017, led by the launch of Redneck Riviera Whiskey, sales from our private label and wine canning operations, as well as resumption of growth within the Pacific Northwest of our rebranded Burnside lineup.
Total shipments increased to 8,305 cases... More