Eastside Reports Second Quarter 2018 Financial Results

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Go back to Eastside Reports Second Quarter 2018 Financial Results

Eastside Distilling, Inc. (EAST) Misses Q2 EPS by 20c, Revenues Beat

August 13, 2018 8:01 AM EDT

Eastside Distilling, Inc. (NASDAQ: EAST) reported Q2 EPS of ($0.37), $0.20 worse than the analyst estimate of ($0.17). Revenue for the quarter came in at $1.68 million versus the consensus estimate of $1.44 million.

Gross sales for Q2 2018 were $1,675,067, an increase of 90% compared to $883,522 in the Q2 2017, led by the continued 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 18,401 cases during Q2 2018 from 4,928 cases in Q2 2017, an increase of 273%.Branded product... More