Winc, Inc. engages in sourcing, bottling, labeling, and distributing wine under its own winery license in the United States and internationally. It operates through DTC and Wholesale segments. The company offers wines and non-alcoholic wines under the Summer Water, Wonderful Wine Company, Lost Poet, Folly of the Beast, Chop Shop, and Cherries and Rainbows brand names; and ready to drink cocktails, and spirits and beers. It sells its products through direct-to-consumer model, wholesale distribution channels, retailers, and restaurants, as well as online. The company was formerly known as Club W, Inc. and changed its name to Winc, Inc. in September 2016. Winc, Inc. was incorporated in 2011 and is based in Santa Monica, California. On November 30, 2022, Winc, Inc., along with its affiliate, filed a voluntary petition for reorganization under Chapter 11 in the U.S. Bankruptcy Court for the District of Delaware.

Winc, Inc.

Winc is a wine club that offers personalized wine selections based on customer preferences through a quiz, facilitating the delivery of wines directly to consumers' doors. Self-described as the internet's number one wine club membership.

Winc

Food and Beverage Retail

Full Glass Wine Co.

Winc | 12,846 followers on LinkedIn. Winc is a modern winery with a direct connection to the consumer, building a portfolio of brands for the next generation of wine drinkers. After launching in 2011 with the goal of making discovering great wine easy, Winc continues to disrupt the $220BN wine industry. Driven by the vision of a great bottle on every table and a great story in every bottle, Winc seeks to create more custom experiences for its members and bring ease and exploration to the process of buying and enjoying wine.

	Dec '19	Dec '20	Dec '21
revenue	36.45M -	64.71M 77.54%	72.07M 11.38%
cost of revenue	21.04M -	38.35M 82.30%	57.44M 49.78%
gross profit	15.41M -	26.36M 71.04%	14.63M 44.51%
selling and marketing expenses	8.58M -	17.39M 102.70%	17.52M 0.74%
general and administrative expenses	13.75M -	15.30M 11.28%	13.21M 13.61%
selling general and administrative expenses	22.32M -	32.68M 46.41%	30.73M 5.98%
research and development expenses	177K -	83K 53.11%
other expenses			16.19M -
cost and expenses	43.54M -	71.12M 63.35%	104.37M 46.75%
operating expenses	22.50M -	32.77M 45.62%	46.92M 43.20%
interest expense	1.36M -	834K 38.86%	654K 21.58%
ebitda	-6.04M -	-5.59M 7.45%	-13.23M 136.80%
operating income	-7.09M -	-6.41M 9.59%	-13.94M 117.47%
depreciation and amortization	633K -	510K 19.43%	714K 40%
total other income expenses net	-942K -	-519K 44.90%	-654K 26.01%
income before tax	-8.03M -	-6.93M 13.73%	-14.60M 110.62%
income tax expense	15K -	27K 80%	50K 85.19%
net income	-8.05M -	-6.96M 13.55%	-14.65M 110.52%
weighted average shs out	7.75M -	7.75M 0%	7.75M 0%
weighted average shs out dil	7.75M -	7.75M 0%	7.75M 0%
eps	-1.04 -	-0.90 13.46%	-1.89 110.00%
epsdiluted	-1.04 -	-0.90 13.46%	-1.89 110.00%

COM:WINC

Winc

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