Eastside Historical Income Statement
| EAST Stock | USD 0.92 0.04 4.17% |
Historical analysis of Eastside Distilling income statement accounts such as Total Revenue of 6.8 M or Other Operating Expenses of 12 M can show how well Eastside Distilling performed in making a profits. Evaluating Eastside Distilling income statement over time to spot trends is a great complementary tool to traditional technical analysis and can indicate the direction of Eastside Distilling's future profits or losses.
Financial Statement Analysis is much more than just reviewing and examining Eastside Distilling latest accounting reports to predict its past. Macroaxis encourages investors to analyze financial statements over time for various trends across multiple indicators and accounts to determine whether Eastside Distilling is a good buy for the upcoming year.
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About Eastside Income Statement Analysis
Eastside Distilling Income Statement consists of revenues and expenses along with the resulting net income or loss. It represents the profit for the accounting period attributable to Eastside Distilling shareholders. The income statement also shows Eastside investors and management if the firm made money during the period reported. The result of an income statement is the net income that is calculated after subtracting the expenses from revenue. It is essential to investors both as an absolute measure as well as earnings per share (i.e., EPS).
Eastside Distilling Income Statement Chart
Eastside Distilling Income Statement is one of the three primary financial statements used for reporting Eastside's overall financial performance over a current year or for a given accounting period. An Income Statement sometimes referred to as the statement of Eastside Distilling revenue and expense. Eastside Distilling Income Statement primarily focuses on the company's revenues and expenses during a particular period.
At this time, Eastside Distilling's Selling General Administrative is comparatively stable compared to the past year. Cost Of Revenue is likely to gain to about 11.3 M in 2024, despite the fact that Gross Profit is likely to grow to (280.2 K). Add Fundamental
Total Revenue
Total revenue comprises all receipts Eastside Distilling generated from the sale of its products or services. The total amount of income generated by the sale of goods or services related to the company's primary operations.Other Operating Expenses
Other Operating Expenses is the expense which generally does not depend on sales or production quantities of Eastside Distilling. It is also known as Eastside Distilling overhead expenses. Typically these expenses include marketing, rent and utilities, office, leases, and other overhead cost. Expenses incurred from non-core business activities, including administrative and general expenses, but excluding costs directly related to production.Cost Of Revenue
Cost of Revenue is found on Eastside Distilling income statement and represents the costs associated with goods and services Eastside Distilling provides. Indirect cost, such as salaries, is not included. In other words, cost of revenue is the total cost incurred to obtain a sale. It is more than the traditional cost of goods sold, since it includes specific selling and marketing activities.Most accounts from Eastside Distilling's income statement are interrelated and interconnected. However, analyzing income statement accounts one by one will only give a small insight into Eastside Distilling current financial condition. On the other hand, looking into the entire matrix of income statement accounts, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Eastside Distilling. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in state. For more information on how to buy Eastside Stock please use our How to Invest in Eastside Distilling guide.At this time, Eastside Distilling's Selling General Administrative is comparatively stable compared to the past year. Cost Of Revenue is likely to gain to about 11.3 M in 2024, despite the fact that Gross Profit is likely to grow to (280.2 K).
| 2021 | 2022 | 2023 | 2024 (projected) | Total Operating Expenses | 9.4M | 9.0M | 4.9M | 7.0M | Cost Of Revenue | 9.5M | 11.4M | 10.8M | 11.3M |
Eastside Distilling income statement Correlations
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Eastside Distilling Account Relationship Matchups
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Eastside Distilling income statement Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Interest Expense | 523.4K | 1.1M | 1.3M | 2.2M | 1.1M | 687.0K | |
| Selling General Administrative | 11.5M | 9.2M | 6.8M | 6.4M | 4.6M | 4.9M | |
| Total Revenue | 15.6M | 13.7M | 12.4M | 13.9M | 10.5M | 6.8M | |
| Gross Profit | 5.5M | 4.6M | 2.9M | 2.4M | (295K) | (280.3K) | |
| Other Operating Expenses | 29.2M | 22.3M | 18.9M | 20.5M | 15.7M | 12.0M | |
| Operating Income | (13.6M) | (8.6M) | (6.5M) | (6.6M) | (5.2M) | (5.4M) | |
| Ebit | (13.6M) | (8.6M) | (6.5M) | (6.6M) | (5.2M) | (5.4M) | |
| Ebitda | (16.3M) | (8.9M) | (4.4M) | (6.5M) | (3.8M) | (4.0M) | |
| Cost Of Revenue | 10.1M | 9.2M | 9.5M | 11.4M | 10.8M | 11.3M | |
| Total Operating Expenses | 19.0M | 13.1M | 9.4M | 9.0M | 4.9M | 7.0M | |
| Income Before Tax | (16.9M) | (9.6M) | (6.1M) | (16.3M) | (7.5M) | (7.9M) | |
| Total Other Income Expense Net | (3.3M) | (1.1M) | 427K | (9.7M) | (2.4M) | (2.5M) | |
| Net Income | (13.1M) | (8.3M) | (4.3M) | (16.4M) | (7.5M) | (7.9M) | |
| Depreciation And Amortization | (2.7M) | (372K) | 2.1M | 52K | 1.4M | 1.4M | |
| Income Tax Expense | (3.8M) | (1.4M) | (1.7M) | 150K | 135K | 141.8K | |
| Net Income From Continuing Ops | (16.9M) | (9.6M) | (6.1M) | (16.3M) | (15.1M) | (14.4M) | |
| Net Income Applicable To Common Shares | (9.0M) | (16.9M) | (9.9M) | (4.5M) | (4.1M) | (4.3M) | |
| Net Interest Income | (523.4K) | (1.1M) | (1.3M) | (2.2M) | (1.1M) | (1.2M) | |
| Selling And Marketing Expenses | 7.5M | 3.9M | 2.6M | 2.6M | 1.6M | 2.6M | |
| Reconciled Depreciation | 1.7M | 2.3M | 1.2M | 1.5M | 1.5M | 1.4M |
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Eastside Distilling in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Eastside Distilling's short interest history, or implied volatility extrapolated from Eastside Distilling options trading.
Pair Trading with Eastside Distilling
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Eastside Distilling position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Eastside Distilling will appreciate offsetting losses from the drop in the long position's value.Moving against Eastside Stock
| 0.61 | VDKB | Vodka Brands Corp | PairCorr |
| 0.54 | LVMUY | LVMH Moet Hennessy | PairCorr |
| 0.51 | BG | Bunge Limited Financial Report 1st of May 2024 | PairCorr |
| 0.49 | K | Kellanova Earnings Call This Week | PairCorr |
The ability to find closely correlated positions to Eastside Distilling could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Eastside Distilling when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Eastside Distilling - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Eastside Distilling to buy it.
The correlation of Eastside Distilling is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Eastside Distilling moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Eastside Distilling moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Eastside Distilling can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Eastside Distilling. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in state. For more information on how to buy Eastside Stock please use our How to Invest in Eastside Distilling guide.You can also try the Competition Analyzer module to analyze and compare many basic indicators for a group of related or unrelated entities.
Complementary Tools for Eastside Stock analysis
When running Eastside Distilling's price analysis, check to measure Eastside Distilling's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Eastside Distilling is operating at the current time. Most of Eastside Distilling's value examination focuses on studying past and present price action to predict the probability of Eastside Distilling's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Eastside Distilling's price. Additionally, you may evaluate how the addition of Eastside Distilling to your portfolios can decrease your overall portfolio volatility.
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Is Eastside Distilling's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Eastside Distilling. If investors know Eastside will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Eastside Distilling listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (7.04) | Revenue Per Share 9.623 | Quarterly Revenue Growth (0.13) | Return On Assets (0.17) | Return On Equity (2.60) |
The market value of Eastside Distilling is measured differently than its book value, which is the value of Eastside that is recorded on the company's balance sheet. Investors also form their own opinion of Eastside Distilling's value that differs from its market value or its book value, called intrinsic value, which is Eastside Distilling's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Eastside Distilling's market value can be influenced by many factors that don't directly affect Eastside Distilling's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Eastside Distilling's value and its price as these two are different measures arrived at by different means. Investors typically determine if Eastside Distilling is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Eastside Distilling's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.