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Our Company Unless the context indicates otherwise, the terms the Company, Crimson, we, our or us as used herein refer to Crimson Wine Group, Ltd. and its subsidiaries. Crimson was incorporated in 1991 under the laws of Delaware and has been conducting business since 1991.
The business is unprofitable at the operating level (-5.73% margin). The thesis depends entirely on whether and when it reaches sustainable profitability.
Revenue declined 10.8% YoY. Margins deteriorated 5.8pp alongside, both lines moving the wrong way.
Negative free cash flow of -$3M. The business is consuming cash, not generating it. Operating margin contracted 5.8pp YoY, cost discipline may be slipping.
Profitability & Returns
Revenue (TTM)
$69M
▼ -10.8% YoY
Net Income (TTM)
$919K
▼ -28.0% YoY
Op. Margin
-4.02%
▼ -5.8pp YoY
ROIC
-1.05%
▼ -1.5pp YoY
Cash Flow & Balance Sheet
FCF (TTM)
-$607K
▲ +7.1% YoY
Op. Cash Flow (TTM)
$4M
▼ -47.0% YoY
Net Debt
$30M
Cash & Equiv.
$14M
5Y CAGR: +0.3%
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