Brief: Eastside Reports Qtrly Loss Per Share $0.78

Beeline Holdings

30/03/2020 22:26

March 30 (Reuters) - Eastside Distilling Inc  EAST.O :
    * EASTSIDE REPORTS FOURTH QUARTER AND FISCAL YEAR 2019
FINANCIAL
RESULTS
    * Q4 SALES ROSE 79 PERCENT TO $4.3 MILLION
    * QTRLY SALES $4.3 MILLION VERSUS $2.4 MILLION
    * QTRLY LOSS PER SHARE $0.78
    * CRAFT CANNING OPERATIONS IS EXPERIENCING STRONG DEMAND
FROM THE
CRAFT BEER AND WINE INDUSTRY
    * EASTSIDE DISTILLING - STARTING IN MID-FEBRUARY THROUGH
MARCH
END, THERE HAS BEEN SLOWDOWN IN SELL-THROUGH DUE TO COVID-19
    * REDUCED ITS CASH EXPENSES BY REDUCING HEADCOUNT
SUBSTANTIALLY
FROM 138 TO 89

Source text for Eikon:  ID:nPn6432tya 
Further company coverage:  EAST.O 

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