Eastside Distilling, Inc. (EAST) Misses Q4 EPS by 52c, Revenues Beat

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Go back to Eastside Distilling, Inc. (EAST) Misses Q4 EPS by 52c, Revenues Beat

Eastside Reports Fourth Quarter and Fiscal Year 2019 Financial Results

March 30, 2020 4:17 PM EDT

PORTLAND, Ore., March 30, 2020 /PRNewswire/ -- Eastside Distilling, Inc. (NASDAQ: EAST) reported fourth quarter and fiscal year 2019 financial results for the period ended December 31, 2019.

Financial Results Gross sales in 2019 were $17.0 million compared to $7.2 million in 2018, an increase of 136%.  For the fourth quarter of 2019, gross sales were $4.3 million compared to $2.4 million in the fourth quarter of 2018, an increase of 79%. The increase in gross sales is attributable to organic growth in the Company's Redneck Riviera product, as well as contributions from the Azuñia Tequila and Craft Canning + Bottling acquisitions completed during the year.... More