CA - Charlotte's Web Holdings GAAP EPS of -$0.05 misses by $0.01 revenue of $18.88M misses by $6.36M
- Charlotte's Web Holdings press release ( OTCQX:CWBHF ): Q2 GAAP EPS of -$0.05 misses by $0.01 .
- Revenue of $18.88M (-21.8% Y/Y) misses by $6.36M .
- "We're also focused on improving operating cash flow as we progress through the second half of the year. Operating expenses were down over 31.5% year-over-year in the second quarter. In July, we further lowered our staffing levels and administration expenses. In aggregate, our focus on right-sizing our business is bringing operating expenses below $70M on an annualized run rate," added Mr. Tortoroli.
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Charlotte's Web Holdings GAAP EPS of -$0.05 misses by $0.01, revenue of $18.88M misses by $6.36M