Beeline Holdings, Inc. Q3 FY2024 earnings call

• Recently acquired Beeline Financial Holdings, Inc., a digital mortgage technology company, and are in the process of consolidating operations. - Nearly 2 years ago, the Board initiated a strategic review to enhance shareholder value, initially considering the spirits business and later reassessing opportunities leading to pursuing the Beeline acquisition. - Transformed Craft from a small regional mobile canning operation into a digital can printing operation in the Pacific Northwest. - Achieved positive EBITDA in the spirits division, with restructuring activities ongoing despite challenges in the broader spirits market.

For the third quarter, sales were $783,000. The Spirits division generated $46,000 in positive EBITDA before corporate expenses, a turnaround from a loss in the previous year. Vodka sales performed well, while the tequila brand Azuña struggled due to distribution changes. Corporate expenses increased due to professional fees from the merger transaction. Additionally, $440,000 was raised through a direct equity placement. The Spirits segment contributed to the overall results, with specific product performances noted.

• Will outline plans for the upcoming year, including Beeline's contributions once the transaction consolidation is complete. - Forgoing the traditional Q&A session this quarter, with plans to resume at the next meeting.

• Risks related to market acceptance of products. - Success in obtaining new customers. - Success in product development. - Ability to execute the business model and strategic plans. - Success in integrating acquired entities. - Ability to obtain capital. - Going concern risks as detailed in the company's SEC filings.

Q: Good evening, and welcome to the Eastside Distilling Third Quarter 2024 Financial Results Conference Call.

A: [Operator instructions and welcome] Q: [No further questions in the provided transcript] A: [Operator concludes the call]