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

Key Financial Results

• Revenue: US$12.1m (down 29% from 1Q 2023).

• Net loss: US$9.63m (loss widened by 231% from 1Q 2023).

• US$0.06 loss per share (further deteriorated from US$0.019 loss in 1Q 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 forecast to grow 6.8% p.a. on average during the next 2 years, compared to a 9.1% growth forecast for the Pharmaceuticals industry in Canada.

Performance of the Canadian Pharmaceuticals industry.

The company's share price is broadly unchanged from a week ago.

Risk Analysis

It's necessary to consider the ever-present spectre of investment risk. We've identified 4 warning signs with Charlotte's Web Holdings (at least 1 which is concerning), and understanding them should be part of your investment process.

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