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

Key Financial Results

• Revenue: US$12.3m (down 23% from 2Q 2023).

• Net loss: US$11.1m (down by 489% from US$2.84m profit in 2Q 2023).

• US$0.07 loss per share (down from US$0.019 profit in 2Q 2023).

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

Charlotte's Web Holdings Revenues and Earnings Miss Expectations

Revenue missed analyst estimates by 14%. Earnings per share (EPS) also missed analyst estimates by 40%.

Looking ahead, revenue is expected to decline by 3.1% 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 down 2.4% from a week ago.

Risk Analysis

We don't want to rain on the parade too much, but we did also find 5 warning signs for Charlotte's Web Holdings that you need to be mindful of.

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