Charlotte's Web Q3 revenue falls 16% to $14.3M; net loss widens to $15.2M; new CEO appointed

Charlotte's Web Holdings, Inc.

2023-Q3 EPS reported -$0.10 revenue$47,310,000

Q3 revenue $14.3M, down from $17.0M YoY; net loss $15.2M ($0.10/share) vs $7.6M ($0.05).
Adjusted EBITDA loss $6.4M vs positive $1.2M in Q3 2022; SG&A rose to $19.9M from $11.0M.
New CEO Bill Morachnick effective Sept 13, 2023; plans e-commerce platform overhaul and brand refresh.
Joined ONE HEMP coalition to push federal CBD dietary supplement regulation; H.R. 1629 progress noted.
Cash balance $51.0M vs $67.0M at Dec 31, 2022; net cash used in operations $7.8M in Q3.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Charlotte's Web Holdings, Inc. reported financial results for the three months and nine months ended September 30, 2023.

Period: the three months and nine months ended September 30, 2023
Result: reported results

Exact text from the filing

On November 9, 2023, Charlotte’s Web Holdings, Inc. (the “Company”) issued an earnings release announcing its financial results for the three months and nine months ended September 30, 2023.

View on SEC.gov

51 earnings releases filed in the last 30 days. Browse all earnings releases →

Charlotte's Web Holdings, Inc. filing history →

Source: SEC EDGAR

accession 0001279569-23-001426

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.