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CBD-Focused Charlotte's Web Revenue Drops 29% In Q1 Amid Strategic Adjustments

CBD-Focused Charlotte's Web Revenue Drops 29% In Q1 Amid Strategic Adjustments

在戰略調整中,專注於CBD的夏洛特第一季度網絡收入下降了29%
Benzinga ·  05/08 23:25

Charlotte's Web Holdings, Inc. (OTCQX:CWBHF) (TSX:CWEB) announced its first quarter financial results Wednesday for 2024. The Colorado-based hemp extract wellness producer faced a challenging quarter, reporting a 29% decline in revenue to $12.1 million from $17 million in the same period last year.

夏洛特網絡控股公司(場外交易代碼:CWBHF)(多倫多證券交易所股票代碼:CWEB)週三公佈了2024年第一季度財務業績。這家總部位於科羅拉多州的大麻提取物健康生產商面臨着一個充滿挑戰的季度,其收入從去年同期的1700萬美元下降了29%,至1,210萬美元。

Q1 2024 Financial Highlights

2024 年第一季度財務摘要

  • Revenue was $12.1 million, falling 29% compared to the $17 million of the same period last year.
  • Net loss was $9.7 million, or $0.06 per share basic and diluted, compared to a net loss of $2.9 million, or $0.02 per share basic and diluted, for Q1 2023.
  • Adjusted EBITDA loss was $4 million, compared to the $3.3 million in the first quarter of 2023.
  • Gross profit was $6.9 million, compared to the $9.9 million of the same period last year.
  • 收入爲1,210萬美元,與去年同期的1700萬美元相比下降了29%。
  • 淨虧損爲970萬美元,攤薄後基本虧損爲0.06美元,而2023年第一季度的淨虧損爲290萬美元,基本虧損和攤薄後每股虧損0.02美元。
  • 調整後的息稅折舊攤銷前利潤虧損爲400萬美元,而2023年第一季度爲330萬美元。
  • 毛利爲690萬美元,而去年同期爲990萬美元。

Despite the dip in revenue, the company managed to maintain a relatively strong gross profit margin at 57%, totaling $6.9 million, down slightly from 58.3% or $9.9 million in Q1 2023. This was supported by improved manufacturing efficiencies and cost controls.

儘管收入下降,但該公司設法將相對強勁的毛利率維持在57%,總額爲690萬美元,略低於2023年第一季度的58.3%或990萬美元。這得到了提高製造效率和成本控制的支持。

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第19屆Benzinga大麻資本會議將於10月8日至9日重返芝加哥。點擊此鏈接,立即在價格飆升之前獲取門票。

On the operational front, the company is optimizing its business-to-business segment and has redirected its focus toward the medical channel, which has shown resilience amid market volatility. This strategic pivot is part of Charlotte's Web's broader 'True North' initiatives aimed at rejuvenating its business model and consumer engagement.

在運營方面,該公司正在優化其企業對企業細分市場,並將重點轉移到醫療渠道上,該渠道在市場波動中表現出了彈性。這一戰略支點是夏洛特網絡更廣泛的 “True North” 計劃的一部分,旨在振興其商業模式和消費者參與度。

The company's selling, general and administrative expenses saw a reduction to $15.3 million from $17.5 million. This is part of a broader initiative to slash approximately $15 million in costs throughout 2024.

該公司的銷售、一般和管理費用從1,750萬美元減少至1,530萬美元。這是一項更廣泛計劃的一部分,該計劃旨在在2024年削減約1500萬美元的成本。

Charlotte's Web's efforts to stabilize its financial position are underscored by several strategic adjustments, including the in-house production of topical and gummy products expected to commence in Q4 2024, which are anticipated to improve operational efficiency and cash flow.

幾項戰略調整突顯了夏洛特網絡穩定其財務狀況的努力,包括預計將於2024年第四季度開始內部生產外用和軟糖產品,這些產品預計將提高運營效率和現金流。

Management Commentary

管理層評論

"The first quarter of 2024 started slowly in terms of sales volume. This is being addressed with solid progress in our 'True North' turnaround initiatives," said Bill Morachnick, CEO of Charlotte's Web. "In Q1, we pulled down spend on our paid media in order to evaluate each program and identify the highest performing campaigns moving forward. We are on schedule to launch our new e-commerce platform migration in Q2, enabling more effective tools and agility. Additionally, we are excited about our recent innovation launch, 'Stay Asleep' CBN gummies, which have received a positive response from consumers and showcase the importance of our R&D and innovation pipeline, which we expect to expand in the latter half of 2024."

“就銷量而言,2024年第一季度起步緩慢。夏洛特網絡首席執行官比爾·莫拉奇尼克說,我們的'真正的北方'週轉計劃取得了穩步進展,正在解決這個問題。“在第一季度,我們削減了付費媒體支出,以評估每個項目並確定未來效果最高的廣告系列。我們計劃在第二季度啓動新的電子商務平台遷移,從而實現更有效的工具和敏捷性。此外,我們對最近推出的創新產品'Stay Asleep'CBN軟糖感到興奮,該產品得到了消費者的積極回應,並展示了我們的研發和創新管道的重要性,我們預計將在2024年下半年擴大研發和創新渠道。”

Jessica Saxton, CFO, remains optimistic about the company's operational adjustments. "Given our current revenue challenges, we continue to act with agility to further optimize cost structures across the company, streamline operations, and eliminate inefficiencies," she said.

首席財務官傑西卡·薩克斯頓對公司的運營調整仍然持樂觀態度。她說:“鑑於我們當前的收入挑戰,我們將繼續靈活地採取行動,進一步優化整個公司的成本結構,簡化運營並消除效率低下現象。”

CWBHF Price Action
CWBHF's shares were trading 4.31% lower at $0.187 per share at the time of this writing around 11:15 AM ET Wednesday.

CWBHF 價格走勢
在撰寫本文時,美國東部時間週三上午11點15分左右,CWBHF的股價下跌4.31%,至每股0.187美元。

Related News

相關新聞

  • CBD-Focused Charlotte's Web Narrows Net Loss 75% YoY In Q4, Reports Drop In Revenue
  • Cannabis In Sports Medicine: Here's What Doctors Really Think
  • 專注於CBD的夏洛特的Web在第四季度淨虧損同比縮小了75%,報告收入下降
  • 運動醫學中的大麻:這是醫生的真正想法

譯文內容由第三人軟體翻譯。


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