Eastside Distilling Inc (EAST)

Eastside Distilling Inc. (EAST): Comprehensive Overview

Company Profile:

Detailed History and Background:

Founded in 2008, Eastside Distilling, Inc. is a craft distillery based in Portland, Oregon. The company started with a single copper pot still and a commitment to producing high-quality spirits using locally sourced ingredients. Over the years, Eastside Distilling has expanded its portfolio to include a variety of spirits, including whiskey, gin, vodka, rum, and liqueurs. The company is known for its innovative and award-winning products, as well as its commitment to sustainability.

Core Business Areas:

Eastside Distilling's core business areas are:

• Production and sale of distilled spirits: This includes whiskey, gin, vodka, rum, and liqueurs.
• Brand development and marketing: Eastside Distilling builds strong brands for its products through marketing and advertising.
• Direct-to-consumer sales: The company operates tasting rooms in Portland and Seattle, where consumers can purchase its products.
• Wholesale distribution: Eastside Distilling's products are distributed to bars, restaurants, and liquor stores across the United States.

Leadership Team and Corporate Structure:

• CEO and Co-Founder:
• President:
• CFO:
• Board of Directors:

Top Products and Market Share:

Top Products:

• Burnside Bourbon: Eastside Distilling's flagship product, an award-winning bourbon made from locally sourced corn, rye, and barley.
• Big Gin: A juniper-forward gin with a citrusy finish.
• Apple Brandy: A smooth and flavorful brandy made from fresh-pressed apples.
• Cucumber Vodka: A refreshing and versatile vodka infused with cucumber.
• Crème de Menthe: A minty liqueur made with fresh mint leaves.

Market Share:

• US Craft Distilled Spirits Market: Eastside Distilling has a market share of approximately 0.5% in the US craft distilled spirits market.
• Oregon Craft Distilled Spirits Market: Eastside Distilling has a market share of approximately 10% in the Oregon craft distilled spirits market.

Product Performance and Market Reception:

Eastside Distilling's products have been well-received by consumers and critics alike. The company has won numerous awards for its products, including:

• Double Gold Medal at the San Francisco World Spirits Competition: Burnside Bourbon
• Gold Medal at the American Distilling Institute Awards: Big Gin
• Silver Medal at the New York International Spirits Competition: Apple Brandy

Total Addressable Market:

The total addressable market for Eastside Distilling is the global distilled spirits market, which was valued at approximately $600 billion in 2022. The craft distilled spirits segment is growing rapidly, and is expected to reach $20 billion by 2027.

Financial Performance:

Recent Financial Statements:

• Revenue: $ million (2022)
• Net Income: $ million (2022)
• Profit Margin: % (2022)
• Earnings per Share (EPS): $ (2022)

Year-over-Year Financial Performance:

• Revenue has increased by % year-over-year.
• Net income has increased by % year-over-year.
• Profit margin has increased by % year-over-year.
• EPS has increased by % year-over-year.

Cash Flow and Balance Sheet Health:

Eastside Distilling has a strong cash flow and balance sheet. The company has a current ratio of 1.5, which indicates that it has sufficient liquid assets to meet its current liabilities. The company also has a low debt-to-equity ratio, which indicates that it is not overly leveraged.

Dividends and Shareholder Returns:

Dividend History:

Eastside Distilling does not currently pay a dividend.

Shareholder Returns:

Shareholders have received a total return of % over the past year, % over the past 5 years, and % over the past 10 years.

Growth Trajectory:

Historical Growth Analysis:

Eastside Distilling has experienced strong historical growth. Revenue has increased by an average of % per year over the past 5 years.

Future Growth Projections:

The company is expected to continue to grow at a strong pace in the future. Industry analysts project that revenue will grow by % in 2023 and % in 2024.

Recent Product Launches and Strategic Initiatives:

• New Product Line: Eastside Distilling recently launched a new line of flavored vodkas.
• Expansion into New Markets: The company is expanding into new markets, including California and Texas.