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    Crimson Wine Group Ltd (CWGL)

    Updated May 8, 2025, 10:48 PM UTC
    Income Statement - MetricFY 2021Q1 2022Q2 2022Q3 2022Q4 2022FY 2022Q1 2023Q2 2023Q3 2023Q4 2023FY 2023Q1 2024Q2 2024Q3 2024Q4 2024FY 2024Q1 2025
    Net sales (USD, thousands)21,433.0072,40215,93017,246.0016,912.0022,897.0072,98514,460
    Cost of sales (USD, thousands)11,707.0038,7198,2348,455.008,810.0012,433.0037,9327,812
    Gross profit (USD, thousands)9,726.0033,6837,6968,791.008,102.0010,464.0035,0536,648
    Sales and marketing expenses (USD, thousands)4,432.0017,7624,8284,926.004,656.004,186.0018,5964,226
    General and administrative expenses (USD, thousands)3,353.0013,9093,7633,749.003,759.004,313.0015,5843,968
    Total operating expenses (USD, thousands)7,785.0031,6718,5918,675.008,415.008,499.0034,1808,194
    Net loss on disposal of property and equipment (USD, thousands)1.0037211162.00(385.00)817.00805(6)
    Income from operations (USD, thousands)1,940.001,975(1,106)(46.00)(301.00)1,521.0068(1,540)
    Interest expense, net (USD, thousands)(254.00)(826)(240)(69.00)(234.00)(238.00)(781)(227)
    Other income, net (USD, thousands)354.003,123470294.00585.00485.001,834475
    Total other income, net (USD, thousands)100.002,297230225.00351.00247.001,053248
    Income before income taxes (USD, thousands)2,040.004,272(876)179.0050.001,768.001,121(1,292)
    Income tax expense (benefit) (USD, thousands)562.001,149(243)51.0012.00--(356)
    Net income (loss) (USD, thousands)1,478.003,123(633)128.0038.001,318.00851(936)
    Basic and fully diluted weighted-average shares outstanding (Shares)(68.00)21,30720,936(58.00)(42.00)(42.00)20,79420,614
    Basic and fully diluted earnings (loss) per share (USD)0.070.15(0.03)0.010.000.060.04(0.05)
    Balance Sheet - MetricFY 2021Q1 2022Q2 2022Q3 2022Q4 2022FY 2022Q1 2023Q2 2023Q3 2023Q4 2023FY 2023Q1 2024Q2 2024Q3 2024Q4 2024FY 2024Q1 2025
    Cash and cash equivalents (USD, thousands)22,77722,77722,61516,86224,33521,03021,03012,663
    Investments available for sale (USD, thousands)8,0028,0022,75010,9462,0013,7503,75011,220
    Accounts receivable, net (USD, thousands)7,6857,6856,9545,8976,9689,3659,3655,283
    Inventory (USD, thousands)58,09458,09458,15457,44764,90162,09462,09462,039
    Other current assets (USD, thousands)2,0592,0592,1491,6711,9711,7301,7301,900
    Total current assets (USD, thousands)98,61798,61792,62292,823100,17697,96997,96993,105
    Property and equipment, net (USD, thousands)116,460116,460115,091115,608115,443114,436114,436112,921
    Goodwill (USD, thousands)1,2621,2621,2621,2621,2621,2621,2621,262
    Intangible assets and other non-current assets, net (USD, thousands)5,7505,7505,4215,0654,7364,4924,4924,163
    Total non-current assets (USD, thousands)123,472123,472121,774121,935121,441120,190120,190118,346
    Total assets (USD, thousands)222,089222,089214,396214,758221,617218,159218,159211,451
    Accounts payable and accrued liabilities (USD, thousands)12,84312,8436,9298,00015,39011,62611,6266,559
    Customer deposits (USD, thousands)666,392666,3929586021,214390,666390,666870
    Current portion of long-term debt, net of unamortized loan fees (USD, thousands)1,1291,1291,1291,1301,1301,1301,1301,130
    Total current liabilities (USD, thousands)14,63814,6389,0169,73217,73413,14613,1468,559
    Long-term debt, net of current portion and unamortized loan fees (USD, thousands)16,54216,54216,25915,97715,69415,41215,41215,129
    Deferred tax liability, net (USD, thousands)2,7422,7422,4992,5532,5803,0123,0122,595
    Other non-current liabilities (USD, thousands)9992626262616
    Total non-current liabilities (USD, thousands)19,29319,29318,76718,55618,30018,44918,44917,740
    Total liabilities (USD, thousands)33,93133,93127,78328,28836,03431,59531,59526,299
    Common shares, par value $ 0.01 per share, authorized 150,000,000 shares; issued and outstanding (USD, thousands)210210209208207206206205
    Additional paid-in capital (USD, thousands)278,580278,580278,710278,851278,395278,456278,456278,484
    Accumulated other comprehensive income (USD, thousands)888887951341641646,164
    Accumulated deficit (USD, thousands)(90,720)(90,720)(92,393)(92,684)(93,153)(92,262)(92,262)(93,543)
    Total stockholders’ equity (USD, thousands)188,158188,158186,613186,470185,583186,564186,564185,152
    Total liabilities and stockholders’ equity (USD, thousands)222,089222,089214,396214,758221,617218,159218,159211,451
    Cash Flow - MetricFY 2021Q1 2022Q2 2022Q3 2022Q4 2022FY 2022Q1 2023Q2 2023Q3 2023Q4 2023FY 2023Q1 2024Q2 2024Q3 2024Q4 2024FY 2024Q1 2025
    Net Income (Loss) [USD, thousands]1,478.003,123(633)128.0038.001,318.00851(936)
    Depreciation and Amortization of Property and Equipment [USD, thousands]1,592.006,1551,7311,718.001,730.001,909.007,0881,732
    Amortization of Intangible Assets [USD, thousands]321.001,286322322.00321.00322.001,287322
    Loss on Write-Down of Inventory [USD, thousands]233.00920228(113.00)379.00448.00942824
    Provision for Credit Losses [USD, thousands](21.00)(14)--11.003.00(136)6
    Net Loss on Disposal of Property and Equipment [USD, thousands]1.0037211162.00(12.00)444.00805(6)
    Deferred Income Tax (Provision) Benefit [USD, thousands]562.001,149(243)51.0012.00450.00270(356)
    Stock-Based Compensation (Reversal) Expense [USD, thousands]131.00497130141.00(456.00)61.00(124)28
    Accounts Receivable, Net Change [USD, thousands]1,859.00(822)7311,207.00(1,082.00)(2,400.00)(1,544)4,076
    Inventory, Net Change [USD, thousands](3,390.00)(7,298)(288)820.00(7,833.00)2,359.00(4,942)(769)
    Other Current Assets, Net Change [USD, thousands]35.00(406)(90)462.00(300.00)241.00313(170)
    Other Non-Current Assets, Net Change [USD, thousands]8.00(121)77.008.008.00307
    Accounts Payable and Accrued Liabilities, Net Change [USD, thousands]1,228.001,161(6,057)169.008,084.00(4,110.00)(1,914)(5,099)
    Customer Deposits and Other Payables, Net Change [USD, thousands](767.00)286294(352.00)614.00(821.00)(265)463
    Other Non-Current Liabilities, Net Change [USD, thousands]----0.00(1.00)16(9)
    Net Cash Provided by Operating Activities [USD, thousands]3,270.005,953(3,657)4,589.001,514.00231.002,677113
    Purchase of Investments Available for Sale [USD, thousands](2,750.00)(18,887)--(250.00)(12,207.00)(21,392)(10,921)
    Redemption of Investments Available for Sale [USD, thousands]5,750.0022,7505,250750.009,250.0010,500.0025,7503,250
    Acquisition of Property and Equipment [USD, thousands](1,587.00)(9,048)(467)(1,498.00)(2,309.00)(1,095.00)(5,369)(187)
    Proceeds from Disposals of Property and Equipment [USD, thousands]4.0027383.0016.005.00629
    Net Cash (Used in) Provided by Investing Activities [USD, thousands]1,417.00(5,142)4,821(9,637.00)6,707.00(2,797.00)(906)(7,849)
    Principal Payments on Long-Term Debt [USD, thousands](285.00)(1,140)(285)(285.00)(285.00)(285.00)(1,140)(285)
    Repurchase of Common Stock [USD, thousands](936.00)(2,599)(1,041)(420.00)(463.00)(454.00)(2,378)(346)
    Net Cash Used in Financing Activities [USD, thousands](1,221.00)(3,739)(1,326)(705.00)(748.00)(739.00)(3,518)(631)
    Net Decrease in Cash and Cash Equivalents [USD, thousands]3,466.00(2,928)(162)(5,753.00)--(1,747)(8,367)
    Interest Paid, Net of Capitalized Interest [USD, thousands]254.001,006242235.00235.00220.00932228
    Unrealized Holding Gains (Losses) on Investments, Net of Tax [USD, thousands]13.00137(1)8.0039.0030.0076(158)
    Acquisition of Property and Equipment Invoiced or Accrued but Not Yet Paid [USD, thousands](426.00)210144902.00(740.00)256.0056233
    Cash and Cash Equivalents - Beginning of Year [USD, thousands]25,70525,70522,77722,77722,77722,77722,77721,030
    Cash and Cash Equivalents - End of Year [USD, thousands]22,77722,77722,61516,86224,33521,03021,03012,663
    Revenue by Segment - in Millions of USDFY 2021Q1 2022Q2 2022Q3 2022Q4 2022FY 2022Q1 2023Q2 2023Q3 2023Q4 2023FY 2023Q1 2024Q2 2024Q3 2024Q4 2024FY 2024Q1 2025
    Wholesale11.7640.8339.149.379.421---
    - Direct to Consumer8.4627.4536.066.666.421---
    - Other/Non-Allocable1.224.1160.731.221.070---
    Total Revenue21.4372.40215.9317.2516.912---
    KPIs - Metric (Unit, Scale)FY 2021Q1 2022Q2 2022Q3 2022Q4 2022FY 2022Q1 2023Q2 2023Q3 2023Q4 2023FY 2023Q1 2024Q2 2024Q3 2024Q4 2024FY 2024Q1 2025
    Number of cases of bottled wine and bulk wine in inventory (million cases)--0.70.60.5---