Earnings Call Summary | Eastside Distilling(EAST.US) Q1 2024 Earnings Conference
Earnings Call Summary | Eastside Distilling(EAST.US) Q1 2024 Earnings Conference
The following is a summary of the Eastside Distilling, Inc. (EAST) Q1 2024 Earnings Call Transcript:
以下是東區蒸餾公司（東部）2024年第一季度業績電話會議記錄摘要：
Financial Performance:
財務業績：
Eastside Distilling reported gross sales of $2.5 million for the Q1 2024, a decrease from $2.9 million in Q1 2023, primarily due to a drop in bulk spirit sales.
Craft's sales saw an increase, reaching $1.8 million in Q1 2024 compared to $1.5 million in Q1 2023.
Sale of spirits decreased significantly from $1.4 million in Q1 2023 to $600,000 in Q1 2024.
Operating expenses have been trimmed from $1.9 million in Q1 2023 to $1.2 million in Q1 2024 through restructuring.
The net loss has decreased from $1.6 million in Q1 2023 to $1.3 million in Q1 2024.
東區蒸餾公司報告稱，2024年第一季度的總銷售額爲250萬美元，低於2023年第一季度的290萬美元，這主要是由於散裝烈酒銷售額下降。
Craft的銷售額有所增長，2024年第一季度達到180萬美元，而2023年第一季度爲150萬美元。
烈酒的銷售額從2023年第一季度的140萬美元大幅下降至2024年第一季度的60萬美元。
通過重組，運營費用已從2023年第一季度的190萬美元削減至2024年第一季度的120萬美元。
淨虧損已從2023年第一季度的160萬美元減少到2024年第一季度的130萬美元。
Business Progress:
業務進展：
The company saw a surge in customer adoption of digital can printing technology in their Craft Beverage services business. This has led to substantial business growth and margin improvements.
The Craft business segment has increased production output by 320% in Q1 2024 compared to Q1 2023.
The Spirits segment is showing signs of recovery, with volumes aligning with the company's expectations.
Focused restructuring efforts such as concentrating on profitable segments and regions in the Spirits sector have shown promising results.
Progress is seen in harnessing digital printing technology to increase their competitive edge and expanding their mobile business clientele.
Significant steps towards the improvement of the Spirits business are being taken, with a focus on cost reduction and aggressive marketing strategies, especially in the Portland market. A potential partnership is also under consideration to strengthen this sector.
該公司在其精釀飲料服務業務中客戶對數字罐頭印刷技術的採用激增。這帶來了可觀的業務增長和利潤率的提高。
與2023年第一季度相比，工藝品業務板塊在2024年第一季度的產量增長了320％。
烈酒板塊顯示出復甦的跡象，銷量與公司的預期一致。
專注於烈酒行業盈利的細分市場和地區等重點重組工作已顯示出令人鼓舞的結果。
在利用數字印刷技術提高競爭優勢和擴大移動業務客戶群方面取得了進展。
正在採取重大措施來改善烈酒業務，重點是降低成本和採取積極的營銷策略，尤其是在波特蘭市場。還正在考慮建立潛在的夥伴關係，以加強該部門。
More details: Eastside Distilling IR
更多詳情： 東區蒸餾紅外線
Tips: For more comprehensive details, please refer to the IR website. The article is only for investors' reference without any guidance or recommendation suggestions.
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譯文內容由第三人軟體翻譯。