Eastside Reports Fourth Quarter and Fiscal Year 2018 Financial Results
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Eastside Distilling, Inc. (EAST) Reports Q4 Revenues Above Estimates
March 28, 2019 9:05 AM EDTEastside Distilling, Inc. (NASDAQ: EAST) reported Q4 revenue for the quarter came in at $2.42 million versus the consensus estimate of $2 million.
Q4 2018:
Gross sales for Q4 2018 were $2,417,205, an increase of 104% compared to $1,183,009 in Q4 2017, led by the continued launch of Redneck Riviera Whiskey (RRW), sales from the Companys private label and wine canning operations and growth within the Pacific Northwest.Total shipments increased to 18,765 cases (13,949 for branded products and 4,816 for private label and co-packing) during Q4 2018 from 6,444 cases (5,924 for branded products and 520 for private label and co-packing) cases during Q4 2017, an increase of... More