Charlottes Web Holdings Inc
For the period ended Dec 31, 2023. Filed Mar 21, 2024.
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FY2023 · Filed Mar 21, 2024
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Consolidated Statements of Operations
(in thousands, except share and per share amounts)
| Year Ended December 31, | ||
|---|---|---|
| 2023 | 2022 | |
| Revenue | $63,155 | $74,139 |
| Cost of goods sold | 27,589 | 54,728 |
| Gross profit | 35,566 | 19,411 |
| Selling, general and administrative expenses | 75,630 | 70,060 |
| Asset impairment | 548 | 1,837 |
| Operating loss | (40,612) | (52,486) |
| Gain on initial investment in unconsolidated entity | 10,700 | — |
| Change in fair value of financial instruments | 9,339 | (7,480) |
| Other income (expense), net | (2,694) | 744 |
| Loss before provision for income taxes | $(23,267) | $(59,222) |
| Income tax expense | (529) | (91) |
| Net loss | $(23,796) | $(59,313) |
| Per common share amounts (Note 12) | ||
| Net loss per common share, basic and diluted | $(0.16) | $(0.40) |
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