---
schema_version: "secwatch.filing_event.v1"
accession: "0001279569-23-001032"
form_type: "8-K"
ticker: "CWBHF"
cik: "0001750155"
company_name: "Charlotte's Web Holdings, Inc."
filed_at: "2023-08-10T23:59:59+00:00"
generated_at: "2026-06-11T18:31:28.365545+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Charlotte's Web Q2 revenue falls 15% to $16M; net income $2.8M (non-cash) but adjusted EBITDA loss widens

## Summary
- Revenue $16.0M vs $18.9M YoY (-15%); gross margin improved to 55.7% from 49.4%.
- Net income of $2.8M due to $10.7M non-cash gain on DeFloria investment and $4.2M derivative gain; vs net loss of $7.9M YoY.
- Adjusted EBITDA loss of $7.1M vs $5.4M loss YoY; SG&A up 13.7% to $19.6M including MLB amortization.
- Cash balance $61.7M at quarter end; positive operating cash flow of $1.0M; received $4.2M IRS ERC.
- Regulatory progress: FDA committed to work with Congress on CBD; H.R. 1629 bill; House hearing July 27.

## SEC filing metadata
- accession: 0001279569-23-001032
- form_type: 8-K
- ticker: CWBHF
- cik: 0001750155
- company_name: Charlotte's Web Holdings, Inc.
- filed_at: 2023-08-10T23:59:59+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/1750155/000127956923001032/0001279569-23-001032-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1750155/000127956923001032/form8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001279569-23-001032
- JSON: https://secwatch.observer/filing/0001279569-23-001032.json
- Plain text: https://secwatch.observer/filing/0001279569-23-001032.txt

## Key facts
- Earnings Releases
  Charlotte's Web Holdings, Inc. reported financial results for second quarter ended June 30, 2023.
  - Period: second quarter ended June 30, 2023
  - Result: reported results
  source text: On August 10, 2023, Charlotte’s Web Holdings, Inc. (the “Company”) issued an earnings release announcing its financial results for the three months and six months ended June 30, 2023.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1750155/000127956923001032/0001279569-23-001032-index.htm

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