CA - Charlotte's Web Holdings GAAP EPS of -$0.05 revenue of $17.04M

• Charlotte's Web Holdings press release ( OTCQX:CWBHF ): Q3 GAAP EPS of -$0.05.
• Revenue of $17.04M (-28.1% Y/Y).
• Direct-to-consumer e-commerce net revenue was $11.8 million, a decrease of $3.4 million or 22.5% due to lower year-over-year traffic.
• Gross profit was $8.9 million, or 52.5% of revenue versus $14.9 million and 62.9% of revenue respectively in Q3-2021. The decrease was primarily related to lower net revenue and sales mix with consumer trend shift from oil tinctures to lower-cost gummies.
• An operating loss of $3.9 million in the third quarter of 2022 improved by $5.5 million, or 58.3%, as compared to an operating loss of $9.4 million in Q3-2021.
• . The Company's cash and working capital at September 30, 2022, were $16.5 million and $61.0 million, respectively.

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