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Crimson Wine Group Ltd   (CWGL)
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Price: $5.8000 $0.00 0.000%
Day's High: $5.81 Week Perf: 0.17 %
Day's Low: $ 5.78 30 Day Perf: -0.85 %
Volume (M): 2 52 Wk High: $ 6.96
Volume (M$): $ 11 52 Wk Avg: $6.17
Open: $5.78 52 Wk Low: $5.45



 Market Capitalization (Millions $) 123
 Shares Outstanding (Millions) 21
 Employees 169
 Revenues (TTM) (Millions $) 71
 Net Income (TTM) (Millions $) 3
 Cash Flow (TTM) (Millions $) -16
 Capital Exp. (TTM) (Millions $) 11

Crimson Wine Group Ltd

Crimson is in the business of producing and selling ultra-premium and luxury wines. Crimson is headquartered in Napa, California and through its subsidiaries owns four wineries: Pine Ridge Vineyards, Archery Summit, Chamisal Vineyards and Seghesio Family Vineyards. In addition, Crimson owns Double Canyon Vineyards which owns land in the Horse Heaven Hills of Washington’s Columbia Valley.

The wine Crimson makes comes from estate grown grapes as well as grapes and bulk wine purchased under contract and on the spot-market. Our business model is a combination of direct to consumer sales and wholesale distributor sales. References to cases of wine herein refer to nine-liter equivalent cases.


Quality. We believe we own some of the highest quality vineyards in the U.S. We farm our vineyards in a thoughtful, sustainable way with the goal of producing the highest quality grapes and the highest quality wines possible. As part of executing this strategy, Crimson currently owns or leases approximately 895 plantable acres of vineyard land in California, Oregon and Washington. The Company continues to assess other opportunities to enhance the quality of our vineyard holdings and wine portfolio.

Focus. We currently own five complementary estate-based winegrowing operations, with each having a unique varietal focus best suited to its specific appellation and region. We have a group of accomplished winegrowing teams who are each responsible for crafting benchmark wines from their respective wine regions. Many of Crimson’s brands are issued ratings or scores by local and national wine rating organizations and we believe our scores are a reflection of our focus on what we do best.

Pine Ridge Vineyards

Pine Ridge Vineyards was acquired in 1991 and has been conducting operations since 1978. Pine Ridge Vineyards owns acreage in five Napa Valley appellations—Stags Leap District, Rutherford, Oakville, Carneros and Howell Mountain. The winery facility at Pine Ridge Vineyards has a permitted annual wine production capacity of up to 300,000 gallons, which equates to approximately 126,000 cases of wine; however, current fermentation and processing capacity is limited to approximately 80,000 cases without additional capital investment. The facility includes areas and equipment for crush, fermentation, aging and bottling processes, and also has a tasting room, hospitality center and administrative offices. Built into the hillside for wine barrel storage are approximately 34,000 square feet of underground caves with a capacity to store over 4,000 barrels. In addition, there are special event dining areas both indoors and outdoors as well as in the underground caves.

The Pine Ridge Vineyards estate business is focused primarily on the production of high quality Cabernet Sauvignon and Bordeaux-style blends sold by Crimson under the Pine Ridge Vineyards brand name. Pine Ridge Vineyards also produces Chenin Blanc + Viognier, which is sold by Crimson under the Pine Ridge brand name and is made from purchased grapes and bulk wine juice processed at a third party custom winemaking facility with a contracted capacity of up to 131,000 cases for the 2015 harvest year. Incremental capacity options are under consideration and available.

Archery Summit

Crimson started Archery Summit in 1993. Archery Summit owns acreage in the Willamette Valley appellation in Oregon. The winery facility at Archery Summit has a permitted annual wine production capacity of up to 50,000 gallons, which equates to approximately 21,000 cases of wine; however, current fermentation and processing capacity is limited to approximately 15,000 cases. The facility includes areas and equipment for crush, fermentation, aging and bottling processes, and also has a tasting room, hospitality center and administrative offices. The facility has approximately 8,300 square feet of underground caves for wine barrel storage with a capacity to store over 600 barrels. In addition, there are special event dining areas indoors as well as in the underground caves.

Archery Summit is focused primarily on producing estate grown, expressive single vineyard Pinot Noir from tightly spaced vines sold by Crimson under the Archery Summit brand name. Archery Summit also produces Vireton Pinot Gris, which is sold by Crimson under the Archery Summit brand name and is made from purchased grapes processed at a third party custom winemaking facility with available contract capacity of up to 5,000 cases for the 2015 harvest year.

Chamisal Vineyards

Chamisal Vineyards was acquired in 2008 and has been conducting operations since 1973. The Chamisal Vineyard was the first vineyard planted in the Edna Valley in 1973. The winery facility at Chamisal has a permitted annual wine production capacity of up to 480,000 gallons which equates to approximately 200,000 cases of wine. The facility includes areas and equipment for crush, fermentation, aging and bottling processes, as well as a tasting room, hospitality center and administrative offices. There are special event dining areas outdoors.

Chamisal is focused on producing estate grown, benchmark Chardonnay and single vineyard Pinot Noir as well as a Stainless Chardonnay produced from both purchased and estate grown grapes. The wines are sold by Crimson under the Chamisal Vineyards brand name.

Seghesio Family Vineyards

Seghesio Family Vineyards was acquired in 2011 and has been conducting operations since 1895. Seghesio Family Vineyards owns acreage in two Sonoma County appellations—Alexander Valley and Russian River Valley. Seghesio Family Vineyards has a long history of growing and producing Zinfandel and Italian varietal wines in the Sonoma region of California. The winery facility at Seghesio Family Vineyards has a permitted annual wine production capacity of up to 404,000 gallons which equates to approximately 170,000 cases of wine. The facility includes areas and equipment for crush, fermentation, aging, bottling and warehousing processes, as well as a tasting room, private hospitality areas and administrative offices. There are indoor and outdoor special event dining areas. In Alexander Valley, Seghesio Family Vineyards also owns a historic non-operating winery, mansion and railroad depot, which Crimson intends to convert into educational, tasting, hospitality and potentially incremental production facilities.

Seghesio Family Vineyards is focused on producing estate grown, world class Zinfandel and Italian varietal wines as well as a heritage Old Vine Zinfandel and Sonoma County Zinfandel produced from both purchased and estate grown grapes. The wines are sold by Crimson under the Seghesio Family Vineyards brand name.

Double Canyon Vineyards

Double Canyon Vineyards acquired land in 2005 and 2006 in the Horse Heaven Hills appellation in Washington. Starting with the 2010 vintage, Double Canyon Vineyards produced and bottled its first wine under the Double Canyon brand name. Since the launch of the Double Canyon brand name, Double Canyon Vineyards has developed a growth plan and significantly expanded production. During 2015, the majority of the grapes from the Double Canyon Vineyards were used for the Double Canyon brand. All of Double Canyon Vineyard’s production is performed in third-party custom crush facilities.



   Company Address: 5901 Silverado Trail Napa 94558 CA
   Company Phone Number: 486-0503   Stock Exchange / Ticker: CWGL
   


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Crimson Wine Group Ltd

Crimson Wine Group Ltd Returns to Profitability: Q3 2023 Reflects Another Positive Income Period



Crimson Wine Group Ltd, a leading nonalcoholic beverages company, recently released its financial results for the July to September 30, 2023 fiscal period. The report highlights several positive developments, such as profitability turning positive, improved earnings per share (EPS), increased revenue, and significant net profit growth. Additionally, the company's strengthening profit margins, rising demand reflected in accounts receivable, and inventory levels are indicative of a promising future. These findings suggest that Crimson Wine Group Ltd is well-positioned to continue its upward trajectory.
Profitability and EPS Improvement:
Crimson Wine Group Ltd experienced a noteworthy boost in profitability, with $0.08 per share recorded in the July to September 30, 2023 fiscal period, compared to a loss of $-0.02 per share in the previous year. This positive development demonstrates the company's ability to effectively manage its operations and generate sustainable profits. Furthermore, EPS saw a remarkable increase of 166.67% from $0.03 per share in the preceding quarter, underlining the growing financial strength of the company.

Crimson Wine Group Ltd

Crimson Wine Group Ltd Experiences Robust Earnings Growth Amidst Revenue Slide in April-June 2023

Financial Report: Nonalcoholic Beverages Company Shows Strong Earnings Growth Despite Decline in Revenue
In the financial period from April to June 30, 2023, the Nonalcoholic Beverages company exhibited impressive earnings growth, offsetting a decline in revenue. Earnings per share showed a significant improvement of 200% to $0.03 per share, while revenue fell by -2.682% to $17.60 million compared to the previous year.
Despite the decline in revenue, the Nonalcoholic Beverages sector as a whole saw a rise in its top-line figures during the second quarter of 2023. In comparison to the previous reporting period, income per share turned positive from $-0.03 per share, and revenue increased by 15.61% from $15.22 million.

Crimson Wine Group Ltd

Crimson Wine Group Ltd Faces Revenue Contraction, but Future Shines Bright Amidst Economic Challenges

Despite the recent financial challenges faced by Crimson Wine Group Ltd in the January to March 31 2023 period, there is reason to believe that the future looks bright for this company. While it is true that the company's revenue receded considerably by -18.268% compared to the previous year, their overall productivity levels remained above average. Furthermore, the decrease in revenue was to be expected, given the current economic climate.
It's important to note that in such uncertain times, it takes an extraordinary effort for companies to maintain profitability. Despite these financial headwinds, Crimson Wine Group Ltd has been able to limit their net loss to $-0.612 million, which is a testament to the resilience of the company's management.






 

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