Heritage Distilling | 10-Q: FY2025 Q1 Revenue: USD 1.092 M

LB filings
2025.05.21 08:10

Revenue: As of FY2025 Q1, the actual value is USD 1.092 M.

EPS: As of FY2025 Q1, the actual value is USD -0.34.

EBIT: As of FY2025 Q1, the actual value is USD -3.033 M.

Segment Revenue

  • Products: Net sales of $838,055 for the three months ended March 31, 2025, compared to $1,231,823 for the same period in 2024, a decrease of $393,768.
  • Services: Net sales of $253,928 for the three months ended March 31, 2025, compared to $474,336 for the same period in 2024, a decrease of $220,408.

Operational Metrics

  • Gross Profit: $271,885 for the three months ended March 31, 2025, compared to $408,537 for the same period in 2024, a decrease of $136,652.
  • Operating Loss: - $2,451,177 for the three months ended March 31, 2025, compared to - $2,226,870 for the same period in 2024, an increase in loss of $224,307.
  • Net Income / (Loss): - $3,033,047 for the three months ended March 31, 2025, compared to $452,839 for the same period in 2024, a decrease of $3,485,886.

Cash Flow

  • Net Cash Used in Operating Activities: - $2,031,264 for the three months ended March 31, 2025, compared to - $2,660,083 for the same period in 2024.
  • Net Cash Provided by Investing Activities: $65,340 for the three months ended March 31, 2025, compared to $5,090 for the same period in 2024.
  • Net Cash Provided by Financing Activities: $1,612,304 for the three months ended March 31, 2025, compared to $3,031,667 for the same period in 2024.

Unique Metrics

  • Direct to Consumer Sales: Increased by 77.0% in revenue and 101.1% in units sold for the three months ended March 31, 2025 compared to the same period in 2024.

Future Outlook and Strategy

  • Core Business Focus: The company is focused on growing direct-to-consumer sales, expanding wholesale distribution, and developing the Tribal Beverage Network (TBN) sales channel.
  • Non-Core Business: The company is winding down contracts for producing bulk whiskey for third parties to focus on higher-margin activities.
  • Priority: Emphasis on increasing sales of high-margin products and reducing overhead costs to improve gross margins.
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