shares of distil plc fell as much as 57 in early trade on thursday after the company said it will miss market revenue forecasts and that it will make an ebitda loss for fiscal 2023 shares at 0830 gmt were down 032 pence or 36 at 057 pence having fallen to a low of 039 pence earlier in the session the londonlisted spirits producerwhich houses the redleg spiced rum blackwoods gin and vodka and blavod black vodka brands among its portfoliosaid that sales for the third quarter fell 48 to 411000 pounds 499324 it blamed a number of issues for the fall including the removal of a uk distributor and the reduction of stock over the christmas period within a major retailer distil said that fullyear revenue will be significantly below market expectations with the company expected to make a full year loss before interest taxes depreciation and amortization of gbp600000 in line with previous market guidance the company hasnt provided any revenue figures however this is forecast to be gbp23 million for the year ending march 31 taken from factset and based on a forecast by progressive equity research compared with gbp29 million for the comparable period a year earlier the business faced several challenges in q3 leading to disappointing yearonyear performance versus the previous year these are oneoff issues affecting this financial year and will not continue into fy23 chairman don goulding said