Eastside Reports Third Quarter 2017 Financial Results
EASTSIDE DISTILLING (ESDI)
NASDAQ:AMEX Investor Relations:
eastsidedistilling.com/investor-information-award-winning-craft-spirits
Company Research
Source: Business Wire
Company reports 12% revenue growth for the third quarter Case sales increase 55% from 3,974 in Q3 2016 to 6,162 in Q3 2017 PORTLAND, Ore.--(BUSINESS WIRE)-- Eastside Distilling, Inc. (NASDAQ: ESDI), a producer of award-winning craft spirits, reported third quarter 2017 financial results. Q3 2017 Financial Highlights: Q3 2017 gross revenues were $895,182, an increase of 12% over the $796,222 reported in Q3 2016, resulting primarily from increased wholesale and retail sales in our Pacific Northwest core market; Case volume of 6,162 in Q3 (5,462 for branded products and 700 for private label), represented an increase of 55% from the previous year’s shipments of 3,974 cases (all branded products), led by record sales of our Portland Potato Vodka; General and administrative expenses decreased 14% from Q3 2016, as we continue to se
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