Recap: Charlottes Web Holdings Q1 Earnings

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Charlottes Web Holdings CWBHF reported its Q1 earnings results on Friday, May 12, 2023 at 07:05 AM.

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

Earnings

Charlottes Web Holdings beat estimated earnings by 60.0%, reporting an EPS of $-0.02 versus an estimate of $-0.05.

Revenue was down $2.35 million from the same period last year.

Past Earnings Performance

Last quarter the company missed on EPS by $0.19 which was followed by a 5.3% drop in the share price the next day.

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

Quarter Q4 2022 Q3 2022 Q2 2022 Q1 2022
EPS Estimate -0.04 -0.02 -0.04 -0.05
EPS Actual -0.23 -0.05 -0.05 -0.06
Revenue Estimate 17.40M 20.10M 27.13M 27.64M
Revenue Actual 18.90M 17.04M 18.88M 19.36M

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.

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Posted In: EarningsBZI-Recaps
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