Recap: Charlottes Web Holdings Q1 Earnings - Charlottes Web Holdings (OTC:CWBHF)

Charlottes Web Holdings CWBHF reported its Q1 earnings results on Monday, May 16, 2022 at 04:00 PM.

Here's what investors need to know about the announcement.

Charlottes Web Holdings missed estimated earnings by 20.0%, reporting an EPS of $-0.06 versus an estimate of $-0.05.

Revenue was down $4.05 million from the same period last year.

Last quarter the company missed on EPS by $0.03 which was followed by a 7.83% increase in the share price the next day.

Here's a look at Charlottes Web Holdings's past performance:

Quarter	Q4 2021	Q3 2021	Q2 2021	Q1 2021
EPS Estimate	-0.05	-0.04	-0.05	-0.04
EPS Actual	-0.08	-0.01	-0.04	-0.10
Revenue Estimate	27.74M	26.42M	28.38M	31.20M
Revenue Actual	24.80M	23.70M	24.15M	23.41M

To track all earnings releases for Charlottes Web Holdings visit their earnings calendar here.

This article was generated by Benzinga's automated content engine and reviewed by an editor.