RE:New Press Release - Diamond Estates Wines & Spirits Reports Fiscal Q1 2024 Financial Results"The Company has debt repayment requirements of $31.5 million over the next twelve months... These circumstances lend significant doubt as to the ability of the Company to continue as a going concern and, accordingly, the appropriateness ultimately of the use of accounting principles applicable to the going concern assumption."
PLUS
"On August 22, 2023 the Company received notification from its largest supplier of import wines that its contract will expire on October 1, 2023 and is not being renewed. As of March 31, 2023, this supplier represented $9.1 million in revenue and $3.1 million in gross margin."