Charlotte's Web Q3 revenue $12.6M (-12% YoY); net loss narrows to $5.8M

Charlotte's Web Holdings, Inc.

2024-Q3 EPS reported -$0.17 vs consensus -$0.04 ▼ miss (-316.7%)

Revenue $12.6M vs $14.3M YoY; net loss $5.8M ($0.04/sh) compared to $15.2M ($0.10) in Q3 2023.
SG&A expense down 36% to $12.7M; expects full-year opex to be >$20M lower than 2023.
Launched in Walmart (827 stores) for topical isolates; gummy sales up >10% YoY; new Functional Mushroom Gummies and Soft Gel Capsules.
Cash $24.6M (down from $47.8M at Dec 2023); working capital $33.5M.
No Q3 earnings call; company will hold only two earnings calls per year going forward.

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