Eastside Distilling 3Q Sales Flat, Net Loss Narrows

Eastside Distilling Co. reports gross sales for both the three months ending September 30, 2023 and 2022 were flat at $3.1 million, as growth in digital can printing was offset by lower mobile canning and spirits sales. But the net loss in the 2023 third quarter decreased to $2.2 million from $2.7 million a year earlier.

"The Company made progress improving operations across both of its businesses," said Geoffrey Gwin, CEO. "With recent sequential increases in digital can sales, Craft has become the preeminent decorated digital can provider in the Pacific Northwest. At the same time, our spirits business has made more progress in reaching our goal of profitability than we expected at this point in the year."