What caused BLNE's Q3 2024 earnings surprise?

Beeline Holdings (BLNE) experienced an earnings surprise in Q3 2024, with an EPS of -$0.66 reported, which is a significant figure considering the company's net margin was -209.41%. The primary cause of this earnings surprise can be attributed to the following factors: |code|Ticker|Name|Date|Basic Earnings per Share|ROE(Average)|Diluted EPS|market_code| |---|---|---|---|---|---|---|---| |BLNE|BLNE.O|Beeline Holdings|20240331||-706.1008|-0.78|186| |BLNE|BLNE.O|Beeline Holdings|20240630|||-0.87|186| |BLNE|BLNE.O|Beeline Holdings|20240930|||-0.66|186| 1. **Revenue by Business Segments**: The company's revenue by business segments shows that the Sales segment contributed $2.11 million, while the Excise Taxes, Customer Programs and Incentives segment contributed -$129,000. The negative contribution from the latter segment indicates that this area may be a significant drag on the company's overall performance. |code|Ticker|Name|Date|Business Composition|Revenue By Business|market_code| |---|---|---|---|---|---|---| |BLNE|BLNE.O|Beeline Holdings|20240101-2024|Excise Taxes, Customer Programs and Incentives|-129000|186| |BLNE|BLNE.O|Beeline Holdings|20240101-2024|Excise Taxes, Customer Programs and Incentives|-185000|186| |BLNE|BLNE.O|Beeline Holdings|20240101-2024|Excise Taxes, Customer Programs and Incentives|-76000|186| |code|Ticker|Name|Date|Net Profit Margin YoY|Net Profit Margin|market_code| |---|---|---|---|---|---|---| |BLNE|BLNE.O|Beeline Holdings|2023 Q4|38.7455628776195|-71.7687|186| |BLNE|BLNE.O|Beeline Holdings|2024 Q1|4.2527208843945585|-53.6292|186| |BLNE|BLNE.O|Beeline Holdings|2024 Q2|11.77725565988462|-51.8553|186| |BLNE|BLNE.O|Beeline Holdings|2024 Q3|-229.69102516668895|-209.4082|186| 2. **Insider Transactions**: The company has seen insider transactions with Joseph Freedman, a Director, purchasing 8,250 shares on March 19, 2025, and Nicholas Reyland JR Liuzza, the Chief Executive Officer, buying 1,000 shares on March 20, 2025. These purchases could be indicative of confidence in the company's future prospects, which may not be reflected in the current earnings figures. In conclusion, Beeline Holdings' Q3 2024 earnings surprise is primarily due to the negative performance of the Excise Taxes, Customer Programs and Incentives segment and possibly offset by the positive contributions from the Sales segment and insider transactions indicating confidence in the company's future.