Charlotte's Web Holdings, Inc.
For the period ended Dec 31, 2024. Filed Mar 19, 2025.
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A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
FY2024 · Filed Mar 19, 2025
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Consolidated Statements of Operations
(in thousands, except share and per share amounts)
| Year Ended December 31, | ||
|---|---|---|
| 2024 | 2023 | |
| Revenue | $49,667 | $63,155 |
| Cost of goods sold | 28,407 | 27,589 |
| Gross profit | 21,260 | 35,566 |
| Selling, general and administrative expenses | 53,247 | 75,630 |
| Asset impairment | — | 548 |
| Operating loss | (31,987) | (40,612) |
| Gain on initial investment in unconsolidated entity | — | 10,700 |
| Change in fair value of financial instruments | 615 | 9,339 |
| Other income (expense), net | 1,565 | (2,694) |
| Loss before provision for income taxes | $(29,807) | $(23,267) |
| Income tax expense | (39) | (529) |
| Net loss | $(29,846) | $(23,796) |
| Per common share amounts (Note 12) | ||
| Net loss per common share, basic and diluted | $(0.19) | $(0.16) |
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