Charlottes Web Holdings Inc
For the period ended Jun 30, 2024. Filed Aug 8, 2024.
View on SEC.govAbout this filing
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.
Jun 30, 2024 · Filed Aug 8, 2024
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Extracted filing text, with the paragraph anchors used by the comparison.
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- Condensed Consolidated Statements of Operation
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS
(in thousands, except share and per share amounts)
| Three Months Ended June 30, (unaudited) | Six Months Ended June 30, (unaudited) | |||
|---|---|---|---|---|
| 2024 | 2023 | 2024 | 2023 | |
| Revenue | $12,289 | $16,006 | $24,413 | $33,016 |
| Cost of goods sold | 9,707 | 7,088 | 14,920 | 14,181 |
| Gross profit | 2,582 | 8,918 | 9,493 | 18,835 |
| Selling, general and administrative expenses | 14,727 | 19,627 | 30,007 | 37,140 |
| Operating loss | (12,145) | (10,709) | (20,514) | (18,305) |
| Gain on initial investment in unconsolidated entity | — | 10,700 | — | 10,700 |
| Change in fair value of financial instruments | 1,140 | 4,229 | (720) | 9,612 |
| Other income (expense), net | (6) | (1,376) | 605 | (2,074) |
| Income (loss) before provision for income taxes | (11,011) | 2,844 | (20,629) | (67) |
| Income tax benefit (expense) | (46) | — | (62) | — |
| Net income (loss) | $(11,057) | $2,844 | $(20,691) | $(67) |
| Per common share amounts (Note 10) | ||||
| Net income (loss) per common share, basic | $(0.07) | $0.02 | $(0.13) | $— |
| Net income (loss) per common share, diluted | $(0.07) | $0.02 | $(0.13) | $— |
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