Brief: Eastside Sees FY 2019 Sales Between $16.7 Mln And $17.4 Mln

Beeline Holdings

30/01/2020 22:46

Jan 30 (Reuters) - Eastside Distilling Inc  EAST.O :
    * EASTSIDE REPORTS PRELIMINARY YEAR END FINANCIAL RESULTS
AND
PROVIDES BUSINESS UPDATE
    * SEES FY 2019 SALES $16.7 MILLION TO $17.4 MILLION
    * INITIATED A SERIES OF OPERATIONAL CHANGES AIMED AT
RESHAPING
BUSINESS TO ACHIEVE ADJUSTED EBITDA PROFITABILITY IN Q4 OF 2020
    * PRELIMINARY Q4 2019 GROSS SALES IS ANTICIPATED TO BE
BETWEEN
APPROXIMATELY $4.0 TO $4.7 MILLION
    * EASTSIDE DISTILLING- INCREASED AVAILABLE WORKING CAPITAL
POSITION BY CLOSING TWO NEW ASSET-BACKED REVOLVING CREDIT
FACILITIES TOTALING UP TO $10 MILLION

Source text for Eikon:  ID:nPn5KssLca 
Further company coverage:  EAST.O 

 ((Reuters.Briefs@thomsonreuters.com;))