Charlotte's Web Holdings Third Quarter 2024 Earnings: US$0.04 loss per share (vs US$0.099 loss in 3Q 2023)

Charlotte's Web Holdings (TSE:CWEB) Third Quarter 2024 Results

Key Financial Results

• Revenue: US$12.6m (down 12% from 3Q 2023).
• Net loss: US$5.79m (loss narrowed by 62% from 3Q 2023).
• US$0.04 loss per share (improved from US$0.099 loss in 3Q 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Charlotte's Web Holdings Earnings Insights

Looking ahead, revenue is expected to decline by 4.0% p.a. on average during the next 3 years, while revenues in the Pharmaceuticals industry in Canada are expected to grow by 11%.

Performance of the Canadian Pharmaceuticals industry.

The company's shares are up 11% from a week ago.

Risk Analysis

Be aware that Charlotte's Web Holdings is showing 4 warning signs in our investment analysis and 1 of those is a bit unpleasant...

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