Eastern Security & Protection Services, Inc. (EAST) Reports FY17 EPS Loss of $1.42

Note: EPS may not be comparable

Eastern Security & Protection Services, Inc. (NASDAQ: EAST) reported FY17 EPS of ($1.42), versus ($0.25) reported last year.

2017 Financial Results:

• Gross sales for the year ended December 31, 2017 were of $3,791,382, an increase of 25% compared to $3,042,527 in 2016, led by record sales of our Portland Potato Vodka, which increased around 250% during the year.
• Total shipments increased to 23,471 cases during 2017 (19,567 for branded products and 3,904 for private label) from 15,596 cases in 2016, an increase of 50.5%
• Adjusted EBITDA improved to $(3,370,320) compared to $(3,656,196) in 2016.

Our net loss of $5.3 million in 2017 was similar to the $5.3 million in 2016.

For earnings history and earnings-related data on Eastern Security & Protection Services, Inc. (EAST) click here.

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