Winc

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Winc, Inc. engages in the manufacture and sale of alcohol beverage products. The firm offers its products under the Summer Water, Folly of the Beast, Wonderful Wine Co., Cherries & Rainbows, and Lost Poet brands. It operates through the DTC and Wholesale segments. The DTC segment refers to monthly membership or individual orders on the firm's digital platform. The Wholesale segment includes wholesale distributors, state-operated licensees, and directly to retail accounts. The company was founded by Geoffrey McFarlane, Alexander P. Oxman, Brian Smith, and Mark T. Lynn in 2011 and is headquartered in Santa Monica, CA.

NEW YORK--( BUSINESS WIRE )--NYSE American LLC (“NYSE American” or the “Exchange”) announced that the staff of NYSE Regulation has now determined to immediately suspend trading in the common shares of Winc, Inc. (the “Company”) — ticker symbol WBEV — from the Exchange.

NYSE American to Suspend Trading Immediately in Winc, Inc. (WBEV)

NEW YORK--( BUSINESS WIRE )--NYSE American LLC (“NYSE American” or the “Exchange”) announced today that the staff of NYSE Regulation has determined to commence proceedings to delist the common stock of Winc, Inc. (the “Company”) — ticker symbol “WBEV” — from the Exchange.

NYSE American to Commence Delisting Proceedings against Winc, Inc. (WBEV)

Among the more volatile stocks in the market of late is online wine club Winc (NYSEAMERICAN: WBEV ). Today's surge of more than 100% in WBEV stock follows previous plunges we reported on, as the company announced plans to enter Chapter 11 bankruptcy.

Winc (WBEV) Stock Rockets 100% After Bankruptcy Filing

You might have thought that an online wine club would be impervious to consumers' belt-tightening. News came last week that Winc filed for Chapter 11 bankruptcy.

Winc Sinks Into Bankruptcy as Taste for Wine Subscriptions Sours

Winc (NYSEMKT: WBEV ) stock isn't doing so hot on Thursday as investors react to the wine subscription service company filing for bankruptcy protection. Winc is filing for bankruptcy as the company has continued to struggle since going public late last year.

Winc (WBEV) Stock Plunges 28% on Bankruptcy Filing

LOS ANGELES , Nov. 14, 2022 /PRNewswire/ -- Winc, Inc. ("Winc" or the "Company") (NYSE American: WBEV), a differentiated platform for growing alcoholic beverages brands, today announced financial results for the quarter ended September 30, 2022. Third Quarter 2022 Results Compared to the Third Quarter of 2021 Total net revenues were $15.8 million compared to $18.5 million Wholesale net revenues remained stable at $5.5 million DTC net revenues declined $2.8 million to $9.9 million Net loss was $4.2 million compared to net loss of $5.7 million Adjusted EBITDA* loss of $3.0 million versus a loss of $1.4 million "Wholesale case volume was up over 7% in the third quarter of 2022 compared to the prior year period, primarily due to a one-time sale of select inventory below cost, and also reflecting continued expansion of our retail footprint, as seen by an approximate 16% increase in retail accounts** compared to the prior year period.

Winc Reports Third Quarter 2022 Financial Results

Winc, Inc. (NYSE:WBEV ) Q2 2022 Earnings Conference Call August 11, 2022 11:00 AM ET Company Participants Matt Thelen - CSO & General Counsel Geoffrey McFarlane - CEO Brian Smith - President & Chairman Carol Brault - CFO Conference Call Participants Ryan Meyers - Lake Street Capital Markets Alex Fuhrman - Craig-Hallum Capital Group Bobby Burleson - Canaccord Operator Ladies and gentlemen, greetings, and welcome to the Winc, Inc. Second Quarter 2022 Earnings Conference Call. At this time, all participants are in a listen-only mode.

Winc's (WBEV) CEO Geoffrey McFarlane on Q2 2022 Results - Earnings Call Transcript

Strong wholesale growth driven by expanding distribution and velocity gains LOS ANGELES , Aug. 11, 2022 /PRNewswire/ -- Winc, Inc. ("Winc" or the "Company") (NYSE American: WBEV), a differentiated platform for growing alcoholic beverages brands, today announced financial results for the quarter ended June 30, 2022. Second Quarter 2022 Results Compared to the Second Quarter of 2021 Total net revenues remained stable at $17.6 million compared to $17.7 million Wholesale revenues increased 32.3% to $6.3 million DTC revenues declined 11.8% to $11.1 million Net loss was $4.0 million compared to net loss of $3.9 million Adjusted EBITDA* loss of $3.0 million versus a loss of $2.5 million "The strength of our growth in wholesale during the second quarter continued to reflect solid execution against core strategies for expanding our business and leveraging the power of our unique omni-channel platform.

Winc Reports Second Quarter 2022 Financial Results

LOS ANGELES , July 29, 2022 /PRNewswire/ -- Winc, Inc. ("Winc" or the "Company") (NYSE American: WBEV), a differentiated platform for growing alcoholic beverages brands, today announced that it will report financial results for the second quarter 2022 on Thursday, August 11, 2022 before market open. The Company will host a conference call and webcast to discuss these results at 11:00 a.m.

Winc to Report Second Quarter 2022 Financial Results on August 11, 2022

The 2021 vintage was also specially designated as an Editor's Choice LOS ANGELES , June 14, 2022 /PRNewswire/ -- Winc, Inc. ("Winc" or the "Company") (NYSE American: WBEV), a differentiated platform for growing alcoholic beverage brands, today announced that Summer Water Rosé's 2021 vintage has been awarded 91 Points by Wine Enthusiast. The renowned magazine's 2022 Buying Guide of Spring Rosé Releases also designated the wine as an "Editor's Choice.

Summer Water Rosé Awarded 91 Points in Wine Enthusiast's 2022 Buying Guide

Winc, Inc. (NYSE:WBEV ) Q1 2022 Earnings Conference Call May 11, 2022 5:00 PM ET Company Participants Matt Thelen – Chief Strategy Officer and General Counsel Geoffrey McFarlane – Chief Executive Officer Brian Smith – President and Chairman Carol Brault – Chief Financial Officer Conference Call Participants Bobby Burleson – Canaccord Barry Sine – Spartan Capital Operator Greetings, and welcome to the Winc First Quarter 2022 Earnings Conference Call. At this time, all participants are in a listen-only mode.

Winc's (WBEV) CEO Geoffrey McFarlane on Q1 2022 Results - Earnings Call Transcript

Strong core portfolio performance drives continued wholesale growth LOS ANGELES , May 11, 2022 /PRNewswire/ -- Winc, Inc. ("Winc" or the "Company") (NYSE American: WBEV), a differentiated platform for growing alcoholic beverages brands, today announced financial results for the quarter ended March 31, 2022. First Quarter 2022 Results Compared to the First Quarter of 2021 Total net revenues increased 5.7% to $18.5 million Wholesale revenues increased 75.1% to $5.0 million DTC revenues declined 6.7% to $13.3 million Net loss was $4.2 million compared to net income of $0.6 million Adjusted EBITDA* loss of $3.1 million versus a loss of $0.4 million "We are pleased with our first quarter results and the progress we made on key initiatives to drive growth and enhance profitability.

Winc Reports First Quarter 2022 Financial Results

LOS ANGELES , April 27, 2022 /PRNewswire/ -- Winc, Inc. ("Winc" or the "Company") (NYSE American: WBEV), one of the fastest-growing at-scale beverage companies in the United States, today announced that it will report financial results for the first quarter 2022 on Wednesday, May 11, 2022 after market close. The Company will host a conference call and webcast to discuss these results at 5:00 p.m.

Winc to Report First Quarter 2022 Financial Results on May 11, 2022

The no sugar, organic brand has successfully sold over 17,000 cases at retailers such as Walmart, HEB, and Earth Fare LOS ANGELES , April 25, 2022 /PRNewswire/ -- Winc, Inc. ("Winc" or the "Company") (NYSE American: WBEV), a differentiated platform for growing alcoholic beverage brands, today announced the launch of Wonders, a no sugar, organic, sustainable wine and core brand in the Winc portfolio. The initial release will include red, white, and rosé varietals, and the brand will be available on Winc.com this year followed soon after by in-store.

Winc Launches Wonders, Expanding Portfolio Targeting $8.9B Organic Wine Market

Wholesale channel wins fuel continued growth LOS ANGELES , March 29, 2022 /PRNewswire/ -- Winc, Inc. ("Winc" or the "Company") (NYSE American: WBEV), a differentiated platform for growing alcoholic beverages brands, today announced financial results for the quarter and full year ended December 31, 2021. Fourth Quarter 2021 Results Compared to the Fourth Quarter of 2020 Total net revenues increased 4.5% to $18.5 million Wholesale revenues increased 152.0% to $3.9 million DTC revenues declined 7.0% to $14.4 million Net loss increased from $1.9 million to $5.6 million Adjusted EBITDA* loss of $5.9 million versus a loss of $1.5 million Full Year 2021 Results Compared to the Full Year 2020 Total net revenues increased 11.4% to $72.1 million Wholesale revenues increased 106.9% to $17.0 million DTC revenues declined 1.7% to $53.9 million Net loss increased from $7.0 million to $14.6 million Adjusted EBITDA* loss of $10.2 million versus a loss of $5.1 million The five core brands** grew to a total of 167,175 cases sold, a 47% increase Retail accounts*** increased 114.8% to 16,905 "Growth accelerated in the fourth quarter, driven by our wholesale channel, where we continue to experience strong customer response to our innovation and expanding portfolio.

Winc Reports Fourth Quarter and Full Year 2021 Financial Results

LOS ANGELES, March 15, 2022 /PRNewswire/ -- Winc, Inc. ("Winc" or the "Company") (NYSE American: WBEV), one of the fastest-growing at-scale beverage companies in the United States, today announced that it will report financial results for the fourth quarter and full year 2021 on Tuesday, March 29, 2022 after market close. The Company will host a conference call and webcast to discuss these results at 5:00 p.m.

Winc to Report Fourth Quarter and Full Year 2021 Financial Results on March 29, 2022

LOS ANGELES, March 7, 2022 /PRNewswire/ -- Winc, Inc. ("Winc" or the "Company") (NYSE American: WBEV), one of the fastest-growing beverage companies in the United States, today announces that Matt Thelen, CSO and General Counsel, Carol Brault, CFO, and Erin Green, COO will be presenting at the 34th Annual Roth Conference on March 13-15, 2022 in Dana Point, CA. Management will participate in a panel discussion and one-on-one meetings with analysts and investors during the conference along with hosting a company presentation sharing Winc's anticipated strategy and upcoming milestones.

Winc to Participate in the 34th Annual Roth Conference

LOS ANGELES, March 3, 2022 /PRNewswire/ -- Winc, Inc. ("Winc") (NYSE American: WBEV), one of the fastest-growing beverage companies in the United States, today announces that Geoff McFarlane, CEO and Co-Founder, and Brian Smith, President and Co-Founder, will be presenting in a virtual fireside chat at D.A. Davidson's 5th Annual Consumer Growth Conference on Thursday, March 10, 2022.

Winc to Participate in D.A. Davidson 5th Annual Consumer Growth Conference

LOS ANGELES , Feb. 28, 2022 /PRNewswire/ -- Winc, Inc. ("Winc") (NYSE American: WBEV), one of the fastest-growing beverage companies in the United States, today announced that Darren Plewes will be joining the organization as Vice President, Wholesale. "We're excited to welcome Darren Plewes as Vice President, Wholesale, to further our growth strategy, strengthen our distributor and key retail account relationships, and double-down on the organic category," says Brian Smith, Co-Founder and President at Winc.

Darren Plewes Appointed Vice President, Wholesale at Winc

LOS ANGELES, Jan. 7, 2022 /PRNewswire/ -- Winc, Inc. ("Winc" or the "Company") (NYSE-American: WBEV), one of the fastest-growing beverage companies in the United States, continues its strong wholesale growth with a portfolio of brands for the next generation of consumers such as Summer Water and Lost Poet. In 2021, Winc's wholesale portfolio expanded by 50% more SKUs overall and saw its brands perform well on shelves, growing by 123% in sales at Whole Foods (1) and by 75% in overall depletions among national and regional chains (2).

Winc's Strong Wholesale Growth Driven by Unique Omni-channel Strategy

Canaccord analyst Bobby Burleson initiated coverage on Winc Inc (NYSE:WBEV) with a Buy rating and $14 price target, implying a 75.4% upside. Burleson views the company as well-positioned to gain share in the roughly $400 billion U.S. alcohol beverage market, given Winc's unique omnichannel approach that leverages insights from its digitally native platform into the development of wine brands and rapid wholesale expansion.

Canaccord Is Bullish On This Wine Company, Sees Sharp Upside

LOS ANGELES, Jan. 4, 2022 /PRNewswire/ -- Winc, Inc. ("Winc" or the "Company") (NYSE American: WBEV), one of the fastest-growing at-scale beverage companies in the United States, is pleased to announce that it will present at the Emerging Growth Conference on Wednesday, January 5, 2022. This presentation will be an opportunity for Winc to share more on its growth strategy and recent company highlights.

Winc to Present at the Emerging Growth Conference on January 5, 2022

LOS ANGELES, Dec. 14, 2021 /PRNewswire/ -- Winc, Inc. ("Winc" or the "Company") (NYSE American: WBEV), one of the fastest-growing at-scale wineries in the United States, today announced the growth and expansion of its organic wines in major national retailers including Walmart, Whole Foods, Albertsons, HEB, Central Market, and HyVee, in response to unprecedented demand from consumers. The organic wine market in North America is expected to reach $3.9 billion in size by 2027, an 11.6% CAGR, according to an industry report by The Insight Partners, reflecting consumers' preferences shifting toward products that are healthier, naturally-produced and chemical-free.

Winc Sees Unprecedented Growth in Its Organic Wines

LOS ANGELES, Dec. 8, 2021 /PRNewswire/ -- Winc, Inc. ("Winc" or the "Company") (NYSE American: WBEV), one of the fastest-growing at-scale beverage companies in the United States, today announced financial results for the quarter ended September 30, 2021. Third Quarter 2021 Highlights Compared to the Third Quarter of 2020 Total net revenues increased 3.4% to $18.5 million Wholesale revenues increased 106.9% to $5.5 million DTC revenues declined 12.8% to $12.7 million Net loss increased from $1.3 million to $5.7 million Adjusted EBITDA* loss of $1.4 million versus a loss of $1.0 million The five Core Brands** grew to a total of 44,797 cases, a 34% increase Retail accounts increased 53% to 11,476 "Third quarter results were in line with our expectations as strong growth in wholesale more than offset tough comparisons in our DTC business," said Geoff McFarlane, Chief Executive Officer.

Winc Reports Third Quarter 2021 Financial Results

LOS ANGELES, Nov. 30, 2021 /PRNewswire/ -- Winc, Inc. ("Winc" or the "Company") (NYSE American: WBEV), one of the fastest-growing at-scale wineries in the United States, today announced that it will report financial results for the third quarter of 2021 on Wednesday, December 8, 2021 after market close. The Company will host a conference call and webcast to discuss these results at 5:00 p.m.

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