Truett-Hurst, Inc. Reports Unaudited Consolidated Financial Results for the Second Quarter and Six Months Ended December 31, 2017
February 15, 2018 at 12:38 am IST
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Truett-Hurst, Inc. reported unaudited consolidated financial results for the second quarter and six months ended December 31, 2017. For the quarter, the company’s reported net sales were USD 5,701,000 against USD 5,737,000 a year ago. Loss from operations was USD 593,000 against USD 75,000 a year ago. Net loss before income taxes was USD 682,000 against USD 70,000 a year ago. Net loss attributable to the company was USD 409,000 or USD 0.09 per diluted share against USD 46,000 or USD 0.01 per diluted share a year ago.
For the six months, the company’s reported net sales were USD 12,284,000 against USD 11,622,000 a year ago. Loss from operations was USD 769,000 against USD 299,000 a year ago. Net loss before income taxes was USD 973,000 against income of USD 484,000 a year ago. Net loss attributable to the company was USD 583,000 or USD 0.13 per diluted share against net income attributable to the company of USD 270,000 or USD 0.04 per diluted share a year ago. Net cash provided by operating activities was USD 11,000 against USD 1,712,000 a year ago. Acquisition of property and equipment was USD 1,557,000 against USD 371,000 a year ago. Acquisition of intangible and other assets was USD 12,000 against USD 18,000 a year ago.
Truett-Hurst, Inc. is a holding company for H.D.D. LLC (the LLC). The Company is a producer of luxury wines and operates two wine tasting rooms and leases a winery where wine is produced from many varieties of grapes principally grown or purchased in Sonoma Countyâs Dry Creek Valley and Russian River Valley appellations. The Company has a space for wine production within a custom crush facility located in Santa Rosa, California. The Company operates its direct to consumer (the DTC) business in Healdsburg, California. The DTC channel consists of sales of products produced by the Company through its own tasting rooms, wine clubs and websites. Its wine portfolio offers a range of single vineyards and blends.
TRUETT-HURST, INC. 
