---
schema_version: "secwatch.filing_event.v1"
accession: "0001279569-23-000336"
form_type: "8-K"
ticker: "CWBHF"
cik: "0001750155"
company_name: "Charlotte's Web Holdings, Inc."
filed_at: "2023-03-23T23:59:59+00:00"
generated_at: "2026-06-17T18:53:04.516032+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Charlotte's Web Q4 2022 revenue down 23.8% to $18.9M; net loss $35.2M

## Summary
- Full-year 2022 revenue $74.1M (down 22.8% YoY); net loss $59.3M vs $137.7M in 2021.
- Q4 2022 gross profit negative $10.5M due to $21.5M inventory provisions; adjusted gross margin 58.1%.
- Adjusted EBITDA loss improved to $4.5M (Q4 2021: $8.3M); full-year loss $11.8M vs $20.6M.
- Cash balance $67M at year-end 2022, up from $19.5M; net cash from ops improved to -$5.3M vs -$29.6M.
- BAT invested $56.8M via convertible debenture; MLB named Official CBD partner (4% equity stake).

## SEC filing metadata
- accession: 0001279569-23-000336
- form_type: 8-K
- ticker: CWBHF
- cik: 0001750155
- company_name: Charlotte's Web Holdings, Inc.
- filed_at: 2023-03-23T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1750155/000127956923000336/0001279569-23-000336-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1750155/000127956923000336/form8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001279569-23-000336
- JSON: https://secwatch.observer/filing/0001279569-23-000336.json
- Plain text: https://secwatch.observer/filing/0001279569-23-000336.txt

## Key facts
- Earnings Releases
  Charlotte's Web Holdings, Inc. reported the fourth quarter ended December 31, 2022 results: revenue $18.9 million, net income $(35.2) million, EPS $(0.23) per diluted share.
  - Period: the fourth quarter ended December 31, 2022
  - Revenue: $18.9 million
  - Net income: $(35.2) million
  - EPS: $(0.23) per diluted share
  - Result: reported results
  source text: of revenue, an improvement from Q4 2021 Adjusted Gross Profit, which was $13.8 million, or 55.4%. Consolidated net revenue for the fourth quarter ended December 31, 2022, was $18.9 million, a decrease of 23.8% year-over-year from $24.8 million in the fourth quarter of 2021, primarily due to lower retail and online sales through the Company’s webstore. On a
  evidence_url: https://www.sec.gov/Archives/edgar/data/1750155/000127956923000336/0001279569-23-000336-index.htm
- Earnings Releases
  Charlotte's Web Holdings, Inc. reported financial results for the year ended December 31, 2022.
  - Period: the year ended December 31, 2022
  - Result: reported results
  source text: On March 23, 2023, Charlotte’s Web Holdings, Inc. (the “Company”) issued an earnings release announcing its financial results for the quarter and year ended December 31, 2022.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1750155/000127956923000336/0001279569-23-000336-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.