Healthy Gross Margin Maintained
CV Sciences maintained a gross margin of 46% in Q1 2025, demonstrating continued efficiency and cost management.
Market Share and Product Innovation
The company maintained its number one position in the natural product retail channel and increased market share. It also launched new product lines, including non-cannabinoid products under the Lunar Fox brand and new product formats like effervescent tablets.
M&A Strategy Progress
Integration of the Elevated Softgels acquisition is expected to improve cost efficiency and gross margins in the second half of 2025 through in-sourcing manufacturing.
Positive EBITDA
Achieved EBITDA of $131,000, with adjustments leading to an adjusted EBITDA loss of $311,000, indicating improved financial performance.
Improved Operating Cash Flow
The company improved its cash usage from operations to $0.1 million in Q1 2025 compared to $0.2 million in Q4 2024, moving closer to positive operating cash flow.