CA - Charlotte's Web Holdings GAAP EPS of -$0.23 revenue of $18.9M

March, 23 2023 08:18 AM CA Inc.

2023-03-23 08:18:35 ET

Charlotte's Web Holdings press release ( OTCQX:CWBHF ): Q4 GAAP EPS of -$0.23.
Revenue of $18.9M (-23.8% Y/Y).
business-to-business ("B2B") net revenue was $6.4 million, a decrease of 32.6% year-over-year from $9.5 million
direct-to-consumer ("DTC") net revenue was $12.5 million, a decrease of 18.3% year-over-year from $15.3 million
DTC and B2B contributed 66% and 34% of revenue respectively in the fourth quarter of 2022 versus 62% and 38% respectively for the fourth quarter of 2021.
Adjusted EBITDA loss for the fourth quarter of 2022 was $4.5 million, an improvement of $3.8 million, or 45.8% as compared to Adjusted EBITDA loss of $8.3 million, for the fourth quarter of 2021.

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