Filing Flows › Charlotte's Web Holdings (CWBHF) › Q4 2024
Charlotte's Web Holdings (CWBHF) Q4 2024 earnings results (fourth quarter 2024)
10-K filed Mar 19, 2025
Charlotte's Web Holdings (CWBHF) reported revenue of $12.7M for the fourth quarter 2024 (Q4 2024), -20% from a year earlier and +0.6% from the quarter before. Operating margin was -43.0%, net loss $3.4M (26.6% of revenue).
Charlotte's Web Holdings, Q4 2024: revenue $12.7M (-20% year over year), operating margin -43.0%, net loss $3.4M, operating cash flow −$1.8M. The chart follows the revenue to costs, profit and cash.
| Q4 2024 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $12.7M | +0.6% | -20% |
| Operating profit | −$5.5M | — | — |
| Net earnings | −$3.4M | — | — |
| Operating cash flow | −$1.8M | — | — |
What changed
Revenue was $12.7M in Q4 2024, down 20% year over year and up 1% from the previous quarter.
Gross margin was 40.2%, down 15.3 points from a year earlier. Operating costs exceeded revenue by $5.5M, an operating margin of -43.0%. Operating expenses fell 45% while revenue fell 20%. The quarter ended with a net loss of $3.4M, narrower than the previous quarter's $5.8M loss. Non-operating items added $2.1M, -61% of pre-tax earnings, so the bottom line overstates operating performance.
Operating cash flow was −$1.8M. Non-cash charges added back $2.5M of depreciation and amortization and $224K of share-based compensation. Working capital and other items used $1.1M. Capital expenditures of $220K exceeded it, leaving free cash flow of −$2.0M.
Questions
What was Charlotte's Web Holdings' revenue in the fourth quarter 2024?
Charlotte's Web Holdings (CWBHF) reported revenue of $12.7M for the fourth quarter 2024 (Q4 2024), -20% from a year earlier and +0.6% from the quarter before.
Was Charlotte's Web Holdings profitable in the fourth quarter 2024?
Operating loss was $5.5M (-43.0% of revenue) and net loss $3.4M.