Tue, Mar 18, 8:55 PM (33 days ago)
**Crimson Wine Group, Ltd. (CWGL)** **Financial Performance:** - **Revenue:** $72.985 million in 2024, up 1% from 2023. - **Net Income:** $851,000 in 2024, down from $3.123 million in 2023. - **Gross Profit:** $35.053 million in 2024, up 4% from 2023. - **Operating Expenses:** $34.180 million in 2024, up 8% from 2023. **Earnings per Share (EPS):** - **Basic and Diluted EPS:** $0.04 in 2024, down from $0.15 in 2023. **Strategic Overview:** - **Business Model:** Combination of direct-to-consumer and wholesale distributor sales. - **Market Position:** Wines available in all U.S. states and approximately 40 countries. - **Brand Focus:** Investment in core brands with compelling propositions and stories. **Future Outlook:** - **Growth Strategy:** Emphasis on direct-to-consumer sales and digital marketing. - **Operational Model:** Optimization through partnerships and technology-enabled efficiencies. **Risk Factors:** - **Market Risks:** Competition, economic conditions, and regulatory changes. - **Operational Risks:** Supply chain disruptions, climate change impacts, and cybersecurity threats. - **Financial Risks:** Debt obligations, interest rate changes, and liquidity management. **Financial Condition:** - **Liquidity:** Adequate cash and cash equivalents, investments, and borrowing arrangements. - **Debt:** Revolving credit facility and term loans with American AgCredit. - **Share Repurchases:** $2.4 million spent in 2024 to repurchase 389,299 shares. **Market Position Changes:** - **Share Price:** $5.76 as of March 7, 2025. - **Market Quotations:** OTC Market under the symbol "CWGL." **Note:** Amounts are usually in thousands, 000s.