Crimson Wine Group Ltd (PK:CWGL)

Sector:  Consumer Non-Cyclicals Industry:  Distillers & Wineries
 
See Regulatory Filings on SEC
Company Contact
Address: 5901 Silverado Trail
NAPA CA 94558
Tel: 1-310-2795980
Website: https://www.crimsonwinegroup.com
IR: See website
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Key People
Jennifer L. Locke
Chief Executive Officer 		Adam D. Howell
Chief Financial Officer 		Nicolas Michel Eric Quille
Chief Winemaking, Operations Officer
Business Overview
Crimson Wine Group, Ltd. owns and operates a collection of luxury wine brands from seven estate-based, boutique wineries located in the finest wine-growing regions of California, Oregon and Washington. It has two segments: Wholesale and Direct to Consumer. Wholesale segment includes sales through a third party where prices are given at a wholesale rate. Direct to Consumer segment includes retail sales in the tasting room, remote sites and on-site events, wine club net sales, direct phone sales, and other sales made directly to the consumer without the use of an intermediary. It, through its wholly owned subsidiaries, owns seven primary wine estates and brands: Pine Ridge Vineyards, Archery Summit, Chamisal Vineyards, Seghesio Family Vineyards, Double Canyon, Seven Hills Winery and Malene Wines. Chamisal Vineyards owns 92 acres of vineyards in the Edna Valley, California, of which 52 acres are planted. Archery Summit owns 92 acres of estate vineyards in the Willamette Valley, Oregon.
Financial Overview
For the fiscal year ended 31 December 2023, Crimson Wine Group Ltd revenues decreased 2% to $72.4M. Net income increased from $1.1M to $3.1M. Revenues reflect Operating Segment-Direct to Consumer decrease of 5% to $27.5M, Operating Segment-Wholesale decrease of 1% to $40.8M, Operating Segment-Other/non-allocable decrease of 5% to $4.1M. Net income reflects Operating Segment-Wholesale income increase of 8% to $8.7M.
Employees: 164 as of Dec 31, 2023
Reporting Currency: U.S. Dollars
Enterprise value: $109.02M as of Dec 31, 2023
Annual revenue (TTM): $72.40M as of Dec 31, 2023
EBITDA (TTM): $9.45M as of Dec 31, 2023
Net annual income (TTM): $3.12M as of Dec 31, 2023
Free cash flow (TTM): -$3.10M as of Dec 31, 2023
Net Debt Last Fiscal Year: N/A
Shares outstanding: 20,872,565 as of Mar 8, 2024
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization

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