Winc reports third quarter 2021 financial results

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.
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