Vintage Wine Estates Income Statement

Financials in millions USD. Fiscal year is July - June.

Millions USD. Fiscal year is Jul - Jun.

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period Ending	Mar '24 Mar 31, 2024	Jun '23 Jun 30, 2023	Jun '22 Jun 30, 2022	Jun '21 Jun 30, 2021	Jun '20 Jun 30, 2020	Jun '19 Jun 30, 2019
Revenue	233.22	267.43	281.64	208.44	179.52	173.71
Revenue Growth (YoY)	-17.93%	-5.04%	35.11%	16.11%	3.35%	-5.56%
Cost of Revenue	196.38	182.25	192.72	124.56	108.15	98.71
Gross Profit	36.84	85.18	88.91	83.89	71.37	75
Selling, General & Admin	106.18	116.14	93.98	72.04	64.44	63.97
Operating Expenses	112.58	123.4	99.93	72.04	64.44	63.97
Operating Income	-75.74	-38.22	-11.01	11.85	6.93	11.03
Interest Expense	-23.25	-12.06	8.67	-5.45	-28.37	-25.14
Other Non Operating Income (Expenses)	-0.71	-0.23	-0.74	0.52	0.97	0.42
EBT Excluding Unusual Items	-99.7	-50.52	-3.08	6.92	-20.46	-13.69
Merger & Restructuring Charges	-5.13	-	-	-	-	-
Impairment of Goodwill	-20.67	-145.96	-	-	-	-
Gain (Loss) on Sale of Assets	-14.29	-8.3	0.97	2.34	1.05	-0.08
Asset Writedown	-8.66	-16.2	-1.28	-1.08	-1.28	-
Legal Settlements	-	-	-	4.75	-	-
Other Unusual Items	3.24	-0.62	3.42	-2.07	1.04	14.71
Pretax Income	-145.21	-221.59	0.02	10.85	-19.66	0.94
Income Tax Expense	-6.66	-31.36	0.72	0.77	-9.96	-5.34
Earnings From Continuing Operations	-138.54	-190.23	-0.7	10.09	-9.7	6.28
Minority Interest in Earnings	0.13	1.26	0.28	-0.22	-0.04	0.21
Net Income	-138.41	-188.97	-0.43	9.87	-9.74	6.49
Preferred Dividends & Other Adjustments	-	-	-	6.4	4.98	5.05
Net Income to Common	-138.41	-188.97	-0.43	3.47	-14.72	1.44
Shares Outstanding (Basic)	60	59	61	25	22	8
Shares Outstanding (Diluted)	60	59	61	25	22	8
Shares Change (YoY)	0.40%	-2.60%	140.97%	14.87%	183.64%	3.49%
EPS (Basic)	-2.32	-3.20	-0.01	0.14	-0.67	0.19
EPS (Diluted)	-2.33	-3.20	-0.01	0.14	-0.67	0.19
Free Cash Flow	-14.62	-22.62	-9	-28.92	-41.5	-29.97
Free Cash Flow Per Share	-0.24	-0.38	-0.15	-1.15	-1.89	-3.88
Gross Margin	15.80%	31.85%	31.57%	40.24%	39.76%	43.18%
Operating Margin	-32.48%	-14.29%	-3.91%	5.68%	3.86%	6.35%
Profit Margin	-59.35%	-70.66%	-0.15%	1.67%	-8.20%	0.83%
Free Cash Flow Margin	-6.27%	-8.46%	-3.19%	-13.87%	-23.12%	-17.25%
EBITDA	-51.77	-13.59	10.58	23.28	18.74	20.12
EBITDA Margin	-22.20%	-5.08%	3.76%	11.17%	10.44%	11.58%
D&A For EBITDA	23.97	24.63	21.59	11.44	11.81	9.09
EBIT	-75.74	-38.22	-11.01	11.85	6.93	11.03
EBIT Margin	-32.48%	-14.29%	-3.91%	5.68%	3.86%	6.35%
Effective Tax Rate	-	-	3442.86%	7.06%	-	-
Revenue as Reported	249.02	283.23	292.84	220.74	189.92	173.71
Advertising Expenses	-	4.6	5.2	2.2	2.2	-

Updated May 15, 2024. Source: S&P Global Market Intelligence. Standard template. Financial Sources.