Charlottes Web Holdings Inc
For the period ended Mar 31, 2024. Filed May 8, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Mar 31, 2024 · Filed May 8, 2024
CWBHFStored price and day change unavailable
Extracted filing text, with the paragraph anchors used by the comparison.
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- Condensed Consolidated Statements of Operations
(in thousands, except share and per share amounts)
| Three Months Ended March 31, (unaudited) | ||
|---|---|---|
| 2024 | 2023 | |
| Revenue | $12,124 | $17,010 |
| Cost of goods sold | 5,213 | 7,093 |
| Gross profit | 6,911 | 9,917 |
| Selling, general, and administrative expenses | 15,280 | 17,513 |
| Operating loss | (8,369) | (7,596) |
| Change in fair value of financial instruments | (1,860) | 5,382 |
| Other income (expense), net | 611 | (698) |
| Loss before provision for income taxes | $(9,618) | $(2,912) |
| Income tax expense | (16) | — |
| Net loss | $(9,634) | $(2,912) |
| Per common share amounts (Note 10) | ||
| Net loss per common share, basic and diluted | $(0.06) | $(0.02) |
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