Amaze Holdings (AMZE) Q4 2024 earnings summary

Executive summary

• Completed acquisition of Amaze Software, Inc. in March 2025, expanding into creator-powered commerce platforms alongside wine operations.

• Rebranded from Fresh Vine Wine, Inc. to Amaze Holdings, Inc. effective March 24, 2025.

• Focused on low-carb, low-calorie premium wines, distributed nationwide through wholesale, retail, and direct-to-consumer channels.

Financial highlights

• Net revenue for 2024 was $299,065, down 84% from $1,826,190 in 2023, primarily due to reduced sales and marketing activity.

• Net loss for 2024 was $2,518,986, a significant improvement from a net loss of $10,615,035 in 2023.

• Gross loss narrowed to $5,819 in 2024 from $2,585,929 in 2023.

• Cash balance at year-end 2024 was $155,647, with working capital of $1.5 million.

• Accumulated deficit reached $29.2 million as of December 31, 2024.

Outlook and guidance

• Management projects existing cash will fund operations into Q2 2025; additional financing is required to sustain operations and execute business plans.

• Substantial doubt exists about the ability to continue as a going concern without new capital.

• Strategic focus includes expanding DTC sales, leveraging new technology, and broadening distribution.