---
schema_version: "secwatch.filing_event.v1"
accession: "0001279569-24-000553"
form_type: "8-K"
ticker: "CWBHF"
cik: "0001750155"
company_name: "Charlotte's Web Holdings, Inc."
filed_at: "2024-05-08T23:59:59+00:00"
generated_at: "2026-06-02T11:56:28.509648+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Charlotte's Web Q1 revenue falls 29% to $12.1M; net loss widens to $9.7M

## Summary
- Revenue $12.1M (down 29% YoY); net loss $9.7M vs $2.9M loss in Q1 2023.
- Adjusted EBITDA loss $4.0M vs loss $3.3M; SG&A reduced 12.8% to $15.3M.
- Cash and working capital $38.5M and $48.6M; net cash used in ops $7.2M.
- Targets $15M SG&A reduction in 2024; e-commerce platform migration on track for Q2 launch.
- DeFloria completes Phase 1 trial dosing; IND submission to FDA planned this year.

## SEC filing metadata
- accession: 0001279569-24-000553
- form_type: 8-K
- ticker: CWBHF
- cik: 0001750155
- company_name: Charlotte's Web Holdings, Inc.
- filed_at: 2024-05-08T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1750155/000127956924000553/0001279569-24-000553-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1750155/000127956924000553/charlotteweb8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001279569-24-000553
- JSON: https://secwatch.observer/filing/0001279569-24-000553.json
- Plain text: https://secwatch.observer/filing/0001279569-24-000553.txt

## Key facts
- Earnings Releases
  Charlotte's Web Holdings, Inc. reported first quarter ended March 31, 2024 results: revenue $12.1, net income $(9.7), EPS $(0.06).
  - Period: first quarter ended March 31, 2024
  - Revenue: $12.1
  - Net income: $(9.7)
  - EPS: $(0.06)
  - Result: reported results
  source text: The following table sets forth selected financial information for the periods indicated. Three Months Ended, March 31, U.S. $ millions, except per share data 2024 2023 Revenue $12.1 $17.0 Cost of goods sold 5.2 7.1 Gross profit 6.9 9.9 Selling, general and administrative expenses 15.3 17.5 Operating loss (8.4) (7.6) Other income (expense), net 0.6 (0.7)
  evidence_url: https://www.sec.gov/Archives/edgar/data/1750155/000127956924000553/0001279569-24-000553-index.htm

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