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Eastside Distilling
(NASDAQ:BLNE)
Eastside Distilling (BLNE) vs. SPDR S&P 500 ETF (SPY)
Eastside Distilling Business Overview & Revenue Model
Eastside Distilling Earnings Call Summary
Eastside Distilling Financial Statement Overview
| Breakdown | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 3.91M | 10.50M | 13.88M | 12.39M | 13.72M |
| Gross Profit | 1.69M | 1.06M | 2.44M | 2.91M | 4.56M |
| EBITDA | -3.12M | -5.07M | -12.65M | -3.50M | -6.26M |
| Net Income | -11.33M | -7.54M | -16.42M | -4.31M | -8.29M |
Balance Sheet | |||||
| Total Assets | 66.52M | 17.48M | 21.48M | 33.56M | 31.73M |
| Cash, Cash Equivalents and Short-Term Investments | 391.00K | 403.00K | 723.00K | 3.28M | 836.00K |
| Total Debt | 14.18M | 13.89M | 19.01M | 18.06M | 13.26M |
| Total Liabilities | 17.55M | 16.63M | 22.99M | 20.16M | 32.84M |
| Stockholders Equity | 47.87M | 853.00K | -1.52M | 13.40M | -1.11M |
Cash Flow | |||||
| Free Cash Flow | -3.30M | -2.03M | -3.37M | -6.21M | -3.53M |
| Operating Cash Flow | -3.23M | -1.84M | -877.00K | -5.95M | -3.01M |
| Investing Cash Flow | -451.00K | 104.00K | -2.32M | 3.21M | 137.00K |
| Financing Cash Flow | 4.59M | 1.41M | 641.00K | 5.18M | 3.36M |
Eastside Distilling Technical Analysis
Eastside Distilling Risk Analysis
Eastside Distilling Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
69 Neutral | $13.16B | 15.80 | 23.14% | 3.27% | -4.90% | -14.49% | |
68 Neutral | $13.16B | 15.84 | 23.14% | 3.22% | -4.90% | -14.49% | |
65 Neutral | $636.03M | 67.82 | 1.28% | 1.60% | -18.78% | -89.51% | |
61 Neutral | HK$20.03B | 11.90 | 0.81% | 4.78% | 2.72% | -47.45% | |
59 Neutral | $29.64B | 49.10 | -5.05% | 2.43% | -0.47% | -117.62% | |
47 Neutral | $13.41M | ― | -23.93% | ― | -24.81% | 80.45% | |
40 Underperform | $24.38M | ― | -0.47% | ― | -2.80% | 16.13% |
Eastside Distilling Corporate Events
On July 15, 2025, Beeline Holdings announced that Kristin Miller will lead BlinkQC, an AI-powered mortgage Quality Control solution. This product aims to streamline mandatory pre-closing audits, reducing processing times and costs for lenders. BlinkQC, which has been in production for 30 days and tested by two lenders, will start generating revenue in August. The solution is expected to enhance operational efficiency and reduce the risk of mortgage buybacks, offering a competitive edge in the mortgage industry.
Beeline Holdings, Inc. recently amended its outstanding senior secured notes, making them convertible into common stock, which resulted in the conversion of $986,333 into 747,222 shares and the repayment of the remaining $348,333 by June 30, 2025. Additionally, the company sold 2,264,116 shares of common stock for gross proceeds of $2,587,533 under an amended agreement, thereby fulfilling its obligations and enhancing its financial position.
On July 1, 2025, Beeline Holdings, Inc. announced a significant financial restructuring, raising $6.5 million in capital and reducing its debt by $5.3 million in the first half of 2025. This strategic move positions the company to be debt-free and cash flow positive by 2026, enhancing its financial stability amid a challenging macroeconomic environment. With interest rates expected to decrease, Beeline anticipates considerable growth opportunities in its mortgage origination and SaaS sectors, bolstered by its strong financial position and innovative offerings.
Beeline Holdings, Inc. recently raised $6.5 million in equity capital and reduced its debt by $5.3 million, positioning itself with over $6 million in cash and $2.3 million in third-party debt by the end of the quarter. As of March 31, 2025, Beeline reported approximately $40 million in shareholders’ equity, reflecting a strengthened financial position that may impact its operations and stakeholder interests positively.
Beeline Title Holdings Inc., a subsidiary of Beeline Holdings, Inc., has completed one of the first residential real estate transactions funded by a cryptocurrency token backed by real property. This milestone in blockchain-driven real estate finance coincides with the potential for increased regulatory clarity, as the Genius Act’s passage in the U.S. Senate may lead to federal oversight of stablecoins, potentially broadening cryptocurrency-based funding in real estate.
On June 25, 2025, Beeline Holdings, Inc. announced that its subsidiary, Beeline Title, successfully closed a residential real estate transaction funded through a cryptocurrency token backed by real property. This milestone signifies a significant step in blockchain-driven real estate finance, as Beeline plans to launch a national cryptocurrency token funding platform by August 2025, positioning itself as a leader in the evolving crypto and compliance landscape.
Beeline Holdings, Inc. has announced the completion of its first fractional equity sale using a stablecoin-based transaction structure. This transaction is the first in a series of planned beta transactions set to occur over the coming weeks, with a national launch anticipated in August 2025. These transactions are unique as they are not influenced by current or future interest rates, unlike traditional home mortgages.
On June 13, 2025, Nicholas Liuzza, Jr., the principal shareholder and CEO of Beeline Holdings, Inc., increased his investment in the company by purchasing $151,000 worth of Series G Convertible Preferred Stock and warrants. This transaction, approved by the company’s Audit Committee, aims to repay indebtedness and support general corporate purposes. The terms of the purchase align with those of other investors, and the transaction was exempt from registration under the Securities Act of 1933.
Beeline Holdings, Inc. is set to close the first-ever fractional sale of equity transaction for residential properties using stablecoins within the next two weeks. This innovative approach could significantly impact the $34 trillion U.S. homeowner equity market by introducing a new method of accessing home equity, potentially enhancing liquidity and profitability for stakeholders.
Beeline Holdings, Inc. is launching a new, debt-free home equity access platform in collaboration with a digital asset real estate company. This innovative model allows homeowners to convert up to 49% of their home equity into cash using deed-backed stablecoins, targeting a $5 trillion market. The platform is designed to provide liquidity without loans, interest, or monthly payments, and aims to capture a significant portion of untapped U.S. homeowner equity. Beeline’s partnership with RealCo, which is partly owned by Beeline’s CEO, will facilitate these transactions, with Beeline Title managing the real estate and title aspects. This initiative positions Beeline as a pioneer in using stablecoins for real estate transactions, potentially leading to high growth and profitability by Q4. The product is particularly beneficial for Baby Boomers and younger generations, offering a transparent and estate-friendly alternative to traditional lending options, while introducing a new blockchain-secured asset class.
On June 3, 2025, Eastside Distilling sold 297,619 shares of common stock, generating gross proceeds of $250,000. This transaction was part of the Amended and Restated Common Stock Purchase Agreement and related Registration Rights Agreement, initially disclosed in March 2025, and executed under the company’s registration statement.
On June 4, 2025, Beeline Holdings, Inc. announced the launch of a new home equity access product that allows homeowners to convert a portion of their home equity into cash without incurring debt or monthly payments. This product, developed in partnership with RealCo, utilizes a stablecoin-backed model to provide liquidity, representing a novel integration of blockchain technology in real estate finance. The initiative is expected to drive revenue growth and profitability by Q4 2025, with beta transactions starting in June and a full-scale launch in late July. This product aims to cater to equity-rich homeowners who do not qualify for traditional refinancing options, initially targeting homes valued at $1 million or more across ten thousand US zip codes.
On May 28, 2025, Beeline Holdings, Inc. issued a subordinated demand promissory note of $372,241 to its CEO, Nicholas R. Liuzza, Jr., which included $250,000 lent by a third party and paid by Mr. Liuzza on behalf of the company. The note bears an interest rate of 8% per annum. Additionally, the company approved grants of cash and restricted stock to non-employee directors and stock options to senior executives under its 2025 Equity Incentive Plan, subject to shareholder approval. On May 30, 2025, the company sold 174,505 shares of common stock for gross proceeds of $152,517 under an amended stock purchase agreement, with additional shares issued pursuant to prior sales.
On May 20, 2025, Beeline Holdings, Inc. sold 210,526 shares of common stock, generating gross proceeds of $250,000. This transaction was conducted under an Amended and Restated Common Stock Purchase Agreement and related Registration Rights Agreement, initially disclosed in March 2025, and was executed through the company’s registration statement and prospectus supplement.
On May 12, 2025, Eastside Distilling entered into an agreement with secured lenders to extend the maturity date of their Senior Secured Notes to August 14, 2025. Additionally, on May 13, 2025, the company borrowed $250,000 from an affiliate lender, issuing a non-convertible promissory note due on July 13, 2025, which may be exchanged for convertible preferred stock.
On May 15, 2025, Beeline Holdings, Inc., previously known as Eastside Distilling, Inc., announced the immediate appointment of Fran Knuettel II to its Board of Directors. This strategic move is expected to influence the company’s governance and potentially its market positioning, reflecting a significant change in its leadership structure.
On May 5, 7, and 8, 2025, Beeline Holdings, Inc. sold 589,430 shares of common stock, generating gross proceeds of $685,900. These sales were conducted under an amended stock purchase agreement and registration rights agreement, previously disclosed in March 2025, and were made pursuant to the company’s registration statement and prospectus supplement filed in March 2025.
On May 8, 2025, Beeline Holdings, Inc. announced the launch of its Realtor and Content Creator Partner Program aimed at accelerating the growth of Debt Service Coverage Ratio (DSCR) mortgages. This initiative empowers affiliates, including real estate professionals and digital creators, to drive DSCR mortgage applications through a custom referral platform, enhancing Beeline’s market position in the high-growth investor lending segment. The program is expected to leverage the credibility of real estate agents and the reach of content creators to achieve scalable growth in a high-margin loan category, supported by Beeline’s strong customer satisfaction and innovative lending approach.
On April 28, 2025, Beeline Loans, Inc., a subsidiary of Beeline Holdings, announced a strategic partnership with Rabbu, a leading short-term rental analytics platform. This collaboration aims to streamline the process for investors by integrating property analysis and financing into one ecosystem, enhancing Beeline’s presence in the investment property market. The partnership is expected to expand Beeline’s reach in the dynamic residential real estate segment, complementing its existing collaboration with Red Awning. This move comes as Beeline reports significant growth in its investment lending business, with short-term rental financing as a key driver, and anticipates April to be its strongest revenue month since the market downturn.
On April 24, 2025, Beeline Holdings announced its participation in the Ladenburg Thalmann Technology Innovation Expo on May 21, 2025, in New York City. This event provides Beeline an opportunity to showcase its innovative mortgage origination technology, potentially enhancing its industry positioning and stakeholder engagement.