Willamette Valley Vineyards Inc. reported financial results for the first quarter of 2025, revealing a net loss of $728,981, compared to a net loss of $521,805 in the same quarter of 2024. This marks an increase in net loss of $207,176, or 39.7%. The company's sales revenue for the quarter ended March 31, 2025, was $7.54 million, a decrease from $8.80 million in the same period the previous year, reflecting a decline of $1.26 million or 14.3%. The decrease was attributed primarily to a drop in distributor sales revenue, which fell by $1.29 million, partially offset by a $24,318 increase in direct consumer sales. Gross profit for the quarter decreased by $513,614, or 9.7%, to $4.76 million, primarily due to reduced distributor sales. Selling, general, and administrative expenses totaled $5.63 million, down from $5.88 million in the prior year, representing a decrease of $246,213 or 4.2%, largely due to reductions in selling and general administrative expenses. In an operational update, the company appointed Mike Osborn, founder of Wine.com, as its new Chief Executive Officer to address challenges in national distribution through wholesalers.
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