Vintage Wine Estates, Inc.
vintagewineestates.comNo Longer Reporting
The company has not filed an annual or quarterly report since its Q3 FY2024 10-Q, filed May 15, 2024. Its latest SEC filing is a SCHEDULE 13G from Feb 11, 2025.
10-Q for Q3 FY2024, filed May 15, 2024
The sections below describe the company as of the FY2023 annual report.
What Did They Do?
Sells wines and cider to consumers and wholesale distributors, and makes private-label wines and provides custom production services for retailers and beverage-alcohol businesses.
10-K for FY2023, filed Oct 13, 2023Vintage Wine Estates, Inc. (“VWE”, “we”, “us”, "our" or the "Company”) is a leading vintner in the United States ("U.S."), offering luxury…View ↗
Our strategy is focused on driving growth with our wine brands. In addition to marketing our own brands, we provide production and bottling…View ↗
Our wholesale segment generates revenue from products sold to distributors, who then sell them to off-premise retail locations such as…View ↗
Our B2B segment generates revenue from the sale of private label wines and custom winemaking services.View ↗
Our DTC segment generates revenue from sales made directly to the consumer through our tasting rooms, wine clubs and e-commerce, including…View ↗
How Did They Make Money?
Sells wine, cider and other products, with sales generally tied to shipment; private-label wine and custom production services are sold under customer contracts with specified pricing and payment terms.
10-K for FY2023, filed Oct 13, 2023We generate revenue from our segments: Wholesale, B2B, and DTC. We recognize revenue from sales when obligations under the terms of a…View ↗
Our B2B segment generates revenue from the sale of private label wines and custom winemaking services.View ↗
Our custom production services are governed by long-term contracts with other wine and beverage alcohol industry participants. This…View ↗
Business-to-Business—Our Business-to-Business sales channel generates revenue primarily from the sale of private label wines and spirits…View ↗
$283.2M
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10-K for FY2023, filed Oct 13, 2023
$283.2M ↗
Who Were Their Customers?
Consumers buy directly through tasting rooms, wine clubs and e-commerce; retail and restaurant customers are reached through wholesale distributors. Retail and beverage-alcohol businesses also contract for private-label products and custom production services.
10-K for FY2023, filed Oct 13, 2023Our wholesale segment generates revenue from products sold to distributors, who then sell them to off-premise retail locations such as…View ↗
Our B2B segment generates revenue from the sale of private label wines and custom winemaking services.View ↗
Our custom production services are governed by long-term contracts with other wine and beverage alcohol industry participants. This…View ↗
Our DTC segment generates revenue from sales made directly to the consumer through our tasting rooms, wine clubs and e-commerce, including…View ↗
Did Revenues Turn Into Profits?
No. It lost $189M in FY2023.
10-K for FY2023, filed Oct 13, 2023
−$208.8MView ↗
10-K for FY2023, filed Oct 13, 2023
−$189MView ↗
10-K for FY2023, filed Oct 13, 2023
−$22.6MView ↗
How Were They Changing?
- Net income
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Sources
10-Q for Q3 FY2024, filed May 15, 2024
−$26.2MView ↗
- ▲ +94% (Loss)
- vs −$13.5M in Q3 FY2023
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Jul 30, 2024
Nasdaq set delisting; executive chairman announced resignation
Trading suspension was set for August 2, 2024; Patrick Roney's resignation takes effect August 1, 2024.
Sources
8-K, filed Jul 30, 2024
On July 24, 2024, the Company received a letter (the “Delisting Notice”) from the listing qualifications department staff (the “Staff”) of…View ↗
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Jul 24, 2024
Company and subsidiaries filed for Chapter 11 and pursued asset sales
The company sought $60.5 million in debtor-in-possession financing while continuing operations during restructuring.
Sources
8-K, filed Jul 24, 2024
On July 24, 2024 (the “Petition Date”), Vintage Wine Estates, Inc., a Nevada corporation (the “Company”) and certain of its subsidiaries…View ↗
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