Charlotte's Web Holdings, Inc. (CWBHF) Financial Statements (2024 and earlier)

Company Profile

Business Address 700 TECH COURT
LOUISVILLE, CO 80027
State of Incorp. BC
Fiscal Year End December 31
Industry (SIC) 01 - Agricultural Production Crops (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in thousands)

3/31/2024
Q1
12/31/2023
Q4
9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments47,82051,01661,72860,78166,96316,513
Cash and cash equivalents47,82051,01661,72860,78166,96316,513
Receivables2,3292,4922,4792,5782,4202,539
Inventory, net of allowances, customer advances and progress billings21,53822,63123,75525,57326,95350,599
Inventory21,53822,63123,75525,57326,95350,599
Prepaid expense 2,813   2,612 
Deposits current assets 1,172   2,313 
Other undisclosed current assets2,5007,6056,90012,2052,5004,530
Total current assets:78,17283,74494,862101,137103,76174,181
Noncurrent Assets
Operating lease, right-of-use asset14,60115,06615,54316,02516,51917,079
Property, plant and equipment27,51328,05726,60827,96229,33031,087
Long-term investments and receivables11,00011,10010,700  1,037
Long-term investments11,00011,10010,700   
Accounts and financing receivable, after allowance for credit loss      1,037
Intangible assets, net (including goodwill)8871,3821,5001,5591,7712,018
Intangible assets, net (excluding goodwill)8871,3821,5001,5591,7712,018
Other noncurrent assets7031,3891,5151,5325,7706,016
Other undisclosed noncurrent assets19,67223,12925,86127,75630,4919,100
Total noncurrent assets:74,37680,12381,72774,83483,88166,337
TOTAL ASSETS:152,548163,867176,589175,971187,642140,518
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities11,54210,79811,5293,70710,91710,019
Accounts payable2,8603,5773,1933,7074,0182,584
Accrued liabilities8,6827,2218,336 6,8997,435
Other undisclosed current liabilities12,10413,98311,08018,91610,5103,128
Total current liabilities:23,64624,78122,60922,62321,42713,147
Noncurrent Liabilities
Long-term debt and lease obligation42,528  38,42637,42118,507
Long-term debt, excluding current maturities42,528  38,42637,421 
Liabilities, other than long-term debt18,86823,64719,34424,10217,9052
Other liabilities      2
Operating lease, liability15,65516,24016,52917,36417,90518,507
Derivative instruments and hedges, liabilities3,2137,4072,8156,738  
Other undisclosed noncurrent liabilities11,94851,70156,27515,92133,384 
Total noncurrent liabilities:73,34475,34875,61978,44988,71018,509
Total liabilities:96,990100,12998,228101,072110,13731,656
Equity
Equity, attributable to parent55,55863,73878,36174,89977,505108,862
Common stock111111
Additional paid in capital327,280326,875326,355325,737325,431321,559
Accumulated deficit(271,723)(263,138)(247,995)(250,839)(247,927)(212,698)
Total equity:55,55863,73878,36174,89977,505108,862
TOTAL LIABILITIES AND EQUITY:152,548163,867176,589175,971187,642140,518

Income Statement (P&L) ($ in thousands)

3/31/2024
Q1
12/31/2023
Q4
9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
Revenues15,84514,29416,00617,01018,86817,037
Cost of revenue
(Cost of Goods and Services Sold)
(7,043)(6,365)(7,088)(7,093)(29,437)(8,092)
Gross profit:8,8027,9298,9189,917(10,569)8,945
Operating expenses(19,149)(19,889)(19,627)(17,513)(21,429)(12,854)
Operating loss:(10,347)(11,960)(10,709)(7,596)(31,998)(3,909)
Nonoperating income (expense)(1,460)8419,324(698)440321
Investment income, nonoperating   10,700   
Other nonoperating income (expense)(1,460)841(1,376)(698)440321
Loss from continuing operations before equity method investments, income taxes:(11,807)(11,119)(1,385)(8,294)(31,558)(3,588)
Other undisclosed income (loss) from continuing operations before income taxes3,751(4,024)4,2295,382(3,580)(4,000)
Income (loss) from continuing operations before income taxes:(8,056)(15,143)2,844(2,912)(35,138)(7,588)
Income tax expense      
Other undisclosed loss from continuing operations (529)   (91) 
Income (loss) from continuing operations:(8,585)(15,143)2,844(2,912)(35,229)(7,588)
Loss before gain (loss) on sale of properties:(7,588)
Net income (loss) available to common stockholders, diluted:(8,585)(15,143)2,844(2,912)(35,229)(7,588)

Comprehensive Income ($ in thousands)

3/31/2024
Q1
12/31/2023
Q4
9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
Net income (loss):(8,585)(15,143)2,844(2,912)(35,229)(7,588)
Comprehensive income (loss), net of tax, attributable to parent:(8,585)(15,143)2,844(2,912)(35,229)(7,588)

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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