Sector: Consumer Non-Cyclicals | Industry: Distillers & Wineries |
Company Contact | |
Address: | 1067 Niagara Stone Road NIAGARA-ON-THE-LAKE ON L0S 1J0 |
Tel: | N/A |
Website: | https://www.lakeviewwineco.com/site/investors-diamond-estates-overview |
IR: | See website |
Key People | ||
Andrew Howard President, Chief Executive Officer, Director | Ryan Conte Chief Financial Officer | Tim McChesney Senior Vice President - Marketing and Strategy | Andrew Green Vice President, Secretary |
Business Overview |
Diamond Estates Wines & Spirits Inc. is a Canada-based producer of wines and ciders, as well as a sales agent for over 120 beverage alcohol brands across Canada. The Company operates five production facilities, four in Ontario and one in British Columbia, which produce predominantly VQA wines under brand names, such as 20 Bees, Creekside, EastDell, Lakeview Cellars, Mindful, Queenston Mile, Shiny Apple Cider, Fresh, Proud Pour, Red Tractor, Seasons, Serenity, Persona and Backyard Vineyards. The Company also markets Niagara wine to liquor boards, grocery stores and licensed establishments in Canada, Asia and Europe. In addition, the Company distributes a complementary portfolio of international wines and spirits through a subsidiary. Through its commercial division, Trajectory Beverage Partners, the Company is the sales agent for many international brands in all regions of the country, as well as being a distributor in the western provinces. |
Financial Overview |
For the nine months ended 31 December 2023, Diamond Estates Wines & Spirit Inc revenues decreased 11% to C$23M. Net loss increased from C$4.2M to C$10M. Revenues reflect Manufactured wines segment decrease of 10% to C$13.3M, Agency segment decrease of 12% to C$9.7M, Canada segment decrease of 9% to C$22.2M, China and other segment decrease of 42% to C$779K. Higher net loss reflects Interest and accretion increase of 98% to C$2.7M (expense). |
Reporting Currency: | Canadian Dollars |
Enterprise value: | N/A |
Annual revenue (TTM): | $28.92M as of Dec 31, 2023 |
EBITDA (TTM): | -$6.78M as of Dec 31, 2023 |
Net annual income (TTM): | -$14.34M as of Dec 31, 2023 |
Free cash flow (TTM): | -$3.79M as of Dec 31, 2023 |
Net Debt Last Fiscal Year: | $24.73M as of Dec 31, 2023 |
Shares outstanding: | 47,875,978 as of Dec 31, 2023 |
TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization |