Charlottes Web Holdings Inc
For the period ended Sep 30, 2024. Filed Nov 14, 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.
Sep 30, 2024 · Filed Nov 14, 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 September 30, (unaudited) | Nine Months Ended September 30, (unaudited) | |||
|---|---|---|---|---|
| 2024 | 2023 | 2024 | 2023 | |
| Revenue | $12,587 | $14,294 | $37,000 | $47,310 |
| Cost of goods sold | 5,914 | 6,365 | 20,834 | 20,546 |
| Gross profit | 6,673 | 7,929 | 16,166 | 26,764 |
| Selling, general and administrative expenses | 12,693 | 19,889 | 42,700 | 57,029 |
| Operating loss | (6,020) | (11,960) | (26,534) | (30,265) |
| Gain on initial investment in unconsolidated entity | — | — | — | 10,700 |
| Change in fair value of financial instruments | 1,422 | (4,024) | 702 | 5,588 |
| Other income (expense), net | (1,189) | 841 | (584) | (1,234) |
| Loss before provision for income taxes | (5,787) | (15,143) | (26,416) | (15,211) |
| Income tax expense | — | — | (62) | — |
| Net loss | $(5,787) | $(15,143) | $(26,478) | $(15,211) |
| Per common share amounts (Note 10) | ||||
| Net loss per common share, basic and diluted | $(0.04) | $(0.10) | $(0.17) | $(0.10) |
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