Charlotte’s Web Holdings (OTC) ( (CWBHF) ) has released its Q2 earnings. Here is a breakdown of the information Charlotte’s Web Holdings (OTC) presented to its investors.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Charlotte’s Web Holdings, Inc., a Certified B Corp based in Louisville, Colorado, specializes in producing high-quality hemp-derived wellness products, including CBD oils, gummies, and pet products, primarily for the U.S. market. In its latest earnings report for the quarter ending June 30, 2025, Charlotte’s Web Holdings reported a slight increase in revenue to $12.8 million compared to $12.3 million in the same period last year, alongside a significant reduction in net loss from $11.1 million to $6.3 million. The company achieved a gross profit of $6 million, up from $2.6 million, due to improved cost management, although it continues to face challenges with operating losses and an accumulated deficit. Strategic highlights include the termination of a costly promotional agreement with Major League Baseball, which resulted in a gain of $2.3 million, and ongoing investments in research and development through its CW Labs division. Looking ahead, Charlotte’s Web Holdings remains focused on enhancing operational efficiencies and expanding its product offerings, while navigating the regulatory landscape for hemp-derived products in the U.S.