CBD Pioneer Charlotte's Web Narrows Loss In Q3, Focuses On Long-Term Growth
CBD Pioneer Charlotte's Web Narrows Loss In Q3, Focuses On Long-Term Growth
The company recently launched:Charlotte's Web Holdings, Inc. (TSX:CWEB) (OTCQX:CWBHF) a producer of hemp-derived CBD and other botanical wellness products, reported its financial results on Thursday for the third quarter ended Sept. 30, 2024.
工業大麻CBD及其他植物保健產品生產商Charlotte's Web Holdings, Inc. (TSX:CWEB) (OTCQX:CWBHF)於2024年9月30日結束的第三季度週四發佈了其財務業績。
"Our return to quarter-over-quarter growth in 2024 signals that our strategic direction is paying off," said Bill Morachnick, CEO of Charlotte's Web. "We've seen positive impacts from our e-commerce platform upgrades, recent product launches, and additional retailers, highlighted by our new partnership with Walmart that brings our CBD topicals to another 827 stores."
Charlotte's Web首席執行官Bill Morachnick表示："我們在2024年實現季度增長的結果表明我們的戰略方向正在取得成功。我們從電子商務平台升級、最近的產品推出以及與沃爾瑪的新合作中看到了積極影響，其中最值得一提的是我們的CBD局部用品現已進駐另外827家門店。"
Read Also: EXCLUSIVE: New Wana Brands Marketplace Brings Together Martha Stewart CBD, Charlotte's Web, Cann Products
閱讀更多：獨家：新的tilray brands市場彙集了瑪莎·斯圖爾特CBD，夏洛特網，Cann產品
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Q3 Financial Highlights
Q3財務亮點
- Consolidated net revenue totaled $12.6 million, down from $14.3 million in the third quarter, reflecting challenges in the CBD industry such as ambiguity around regulatory advancements and consumer spending trends.
- Gross profit was $6.7 million – accounting for 53% of revenue – compared to $7.9 million in the prior year's quarter, due to lower revenue and price reductions on tinctures.
- Net loss was $5.8 million, representing an improvement from the net loss of $15.2 million in the prior year's quarter.
- Adjusted EBITDA came in negative at $3.9 million, improved from a $6 million adjusted EBITDA loss in the third quarter of 2023.
- Selling, general and administrative expenses were $12.7 million, representing a 36.2% decrease from $19.9 million in the third quarter of 2023, due to cost-cutting measures and streamlining operations.
- Net cash used in operations was $7.6 million, with $0.3 million in capital expenditures for manufacturing upgrades.
- On Sept. 30, 2024, the company's cash and working capital were $24.6 million and $33.5 million, respectively, compared to $47.8 million and $54.5 million, respectively, at Dec. 31, 2023.
- 綜合淨收入爲1260萬美元，較上一季度的1430萬美元下降，反映出CBD行業面臨的挑戰，如監管進展不確定性和消費者支出趨勢。
- 毛利潤爲670萬美元，佔營業收入的53%，相較於去年同期的790萬美元，由於收入較低以及滴丸產品降價而下降。
- 淨虧損爲580萬美元，較去年同期的淨虧損1520萬美元有所改善。
- 調整後的EBITDA爲負值，爲390萬美元，較2023年第三季度的600萬美元調整後的EBITDA虧損有所改善。
- 銷售、一般與管理費用爲1270萬美元，與2023年第三季度的1990萬美元相比，減少了36.2%，這是由於削減成本措施和業務精簡。
- 經營活動中使用的淨現金爲760萬美元，用於製造升級的資本支出爲30萬美元。
- 截至2024年9月30日，公司的現金和營運資本分別爲2460萬美元和3350萬美元，分別與2023年12月31日的4780萬美元和5450萬美元相比。
Product Innovations And Expansions
產品創新與拓展
The company recently launched:
公司最近推出：
- Soft Gel Capsules which are full-spectrum CBD capsules with positive consumer feedback.
- Functional Mushroom Gummies – a new line of gummies with three formulations following wellness trends.
- 軟膠囊 - 這是全譜CBD膠囊，得到了消費者的積極反饋。
- 功能性蘑菇軟糖 - 一系列新款軟糖，有三種配方符合健康趨勢。
In terms of the Walmart Partnership, the company expanded its CBD topicals to 827 Walmart (NYSE:WMT) stores.
就沃爾瑪合作而言，該公司將其CBD局部產品擴展到了827家沃爾瑪（紐交所：WMT）門店。
Charlotte's Web launched CBD gummies in Canada, through a partnership with Tilray Brands, Inc. (NASDAQ:TLRY), leveraging local production and distribution.
Charlotte's Web與Tilray Brands, Inc.（納斯達克：TLRY）合作，在加拿大推出了CBD軟糖，利用當地生產和分銷資源。
Outlook
展望
Despite a challenging regulatory environment, the company is positioning itself for long-term growth with new product categories and international expansions.
儘管面臨複雜的監管環境，但該公司正通過推出新產品類別和國際擴張來爲長期增長做準備。
CWBHF Price Action
CWBHF股票價格變動
Charlotte's Web's shares traded 0.72% higher at 14 cents per share after the market close on Wednesday afternoon.
週三下午收盤後，Charlotte's Web的股價上漲了0.72%，達到每股14美分。
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譯文內容由第三人軟體翻譯。
