Charlotte's Web Q4 2024 revenue $12.7M; positive Adj. EBITDA $0.3M; full-year loss narrows

Charlotte's Web Holdings, Inc.

Q4 revenue $12.7M (down 20% YoY) but sequentially up from $12.6M in Q3 2024.
Q4 adjusted EBITDA turned positive at $0.3M, vs. -$6.5M in Q4 2023.
FY 2024 revenue $49.7M, down 21% YoY; net loss $29.8M vs. $23.8M in 2023.
Operating expenses cut $22.4M in 2024; cash burn reduced; cash reserves $22.6M.
Expanded retail to 847 Walmart stores, launched on Chewy.com; soon on Amazon.com.

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