---
title: "Heritage Distilling | 10-Q: FY2025 Q1 Revenue: USD 1.092 M"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/241179061.md"
datetime: "2025-05-21T08:10:16.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/241179061.md)
  - [en](https://longbridge.com/en/news/241179061.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/241179061.md)
---

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# Heritage Distilling | 10-Q: FY2025 Q1 Revenue: USD 1.092 M

Revenue: As of FY2025 Q1, the actual value is USD 1.092 M.

EPS: As of FY2025 Q1, the actual value is USD -0.34.

EBIT: As of FY2025 Q1, the actual value is USD -3.033 M.

### Segment Revenue

-   **Products**: Net sales of $838,055 for the three months ended March 31, 2025, compared to $1,231,823 for the same period in 2024, a decrease of $393,768.
-   **Services**: Net sales of $253,928 for the three months ended March 31, 2025, compared to $474,336 for the same period in 2024, a decrease of $220,408.

### Operational Metrics

-   **Gross Profit**: $271,885 for the three months ended March 31, 2025, compared to $408,537 for the same period in 2024, a decrease of $136,652.
-   **Operating Loss**: - $2,451,177 for the three months ended March 31, 2025, compared to - $2,226,870 for the same period in 2024, an increase in loss of $224,307.
-   **Net Income / (Loss)**: - $3,033,047 for the three months ended March 31, 2025, compared to $452,839 for the same period in 2024, a decrease of $3,485,886.

### Cash Flow

-   **Net Cash Used in Operating Activities**: - $2,031,264 for the three months ended March 31, 2025, compared to - $2,660,083 for the same period in 2024.
-   **Net Cash Provided by Investing Activities**: $65,340 for the three months ended March 31, 2025, compared to $5,090 for the same period in 2024.
-   **Net Cash Provided by Financing Activities**: $1,612,304 for the three months ended March 31, 2025, compared to $3,031,667 for the same period in 2024.

### Unique Metrics

-   **Direct to Consumer Sales**: Increased by 77.0% in revenue and 101.1% in units sold for the three months ended March 31, 2025 compared to the same period in 2024.

### Future Outlook and Strategy

-   **Core Business Focus**: The company is focused on growing direct-to-consumer sales, expanding wholesale distribution, and developing the Tribal Beverage Network (TBN) sales channel.
-   **Non-Core Business**: The company is winding down contracts for producing bulk whiskey for third parties to focus on higher-margin activities.
-   **Priority**: Emphasis on increasing sales of high-margin products and reducing overhead costs to improve gross margins.

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- [Heritage Distilling Holding Company, Inc. (CASK.US)](https://longbridge.com/en/quote/CASK.US.md)
- [IP Strategy Holdings, Inc. (IPST.US)](https://longbridge.com/en/quote/IPST.US.md)

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