FinTechFunding

Digital Wine Ventures: Increases revenue over Q4 FY21

Digital Wine Ventures: Increases revenue over Q4 FY21

  • Digital Wine Ventures (DW8) says it generated $1.02 million in revenue over Q4 FY21, a 33 per cent increase quarter-on-quarter
  • The online wine business shipped over 75,000 cases of product during the period, and notched up 32,850 customer orders
  • This marks a 22 per cent increase on the March quarter figures and DW8 said the average number of cases per order now sits a 2.33
  • DW8 also signed deals with Amazon and Zip (Z1P) during Q4 and signed on an extra 68 suppliers
  • Financially, the company ended the quarter with $6.78 million in the bank, having spent $1.5 million on operating activities
  • Digital WineVentures are trading down 3.66 per cent at 7.9 cents each
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Steve Sam
Steve Sam
Steve Sam is a financial reporter, analyst, and commentator with a strong focus on banking technology, digital payments, and the future of financial services.

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