CWBHF - Charlotte's Web Holdings GAAP EPS of $0.02 beats by $0.07 revenue of $16.01M misses by $3.75M
2023-08-10 07:40:02 ET
- Charlotte's Web Holdings press release ( OTCQX:CWBHF ): Q2 GAAP EPS of $0.02 beats by $0.07 .
- Revenue of $16.01M (-15.2% Y/Y) misses by $3.75M .
- Adjusted EBITDA loss for the second quarter of 2023 was $7.1 million, compared to an Adjusted EBITDA loss of $5.4 million in the second quarter of 2022.
- "We continue to believe we are deploying the right strategies and are confident in our long-term growth outlook; however, we have not yet returned to revenue growth year-over-year, although B2B was essentially flat year-over-year in Q2. We maintain our market leading position which speaks to the overall CBD sector remaining challenged," said Jacques Tortoroli, Chief Executive Officer of Charlotte's Web.
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Charlotte's Web Holdings GAAP EPS of $0.02 beats by $0.07, revenue of $16.01M misses by $3.75M