Vintage Wine Estates Reports Second Quarter Fiscal 2024 Results
Vintage Wine Estates, Inc. (VWE)
Company Research
Source: Business Wire
Generated $11.9 million in cash from operations in the quarterGranted additional time to regain compliance with Nasdaq minimum bid price listing requirement SANTA ROSA, Calif.--(BUSINESS WIRE)--Vintage Wine Estates, Inc. (Nasdaq: VWE and VWEWW) (“VWE” or the “Company”), one of the top wine producers in the U.S., today reported its financial results for the three and six months ended December 31, 2023 ("second quarter fiscal 2024").Seth Kaufman, President and CEO, commented, “We are intensely focused on our priorities to aggressively execute our turnaround plan as we transform into a nimble, omnichannel wine company that offers a unique portfolio of the highest quality Super Premium+ products in the U.S. Cash generation in the second quarter validates our efforts to monetize inventory and better manage working capital. We have accelerated our efforts to preserve cash through restructuring and have taken measurable steps towards streamlining the business to a competitively advantaged
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VWE
Sec Filings
- 4/3/24 - Form 424B3
- 4/3/24 - Form 424B3
- 4/3/24 - Form 3
- VWE's page on the SEC website