Charlie's Holdings, Inc. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2023
August 14, 2023 at 04:06 pm EDT
Share
Charlie's Holdings, Inc. reported earnings results for the second quarter and six months ended June 30, 2023. For the second quarter, the company reported revenue was USD 3.97 million compared to USD 7.4 million a year ago. Net income was USD 0.032 million compared to net loss of USD 0.636 million a year ago.
For the six months, revenue was USD 8 million compared to USD 15.47 million a year ago. Net loss was USD 1.36 million compared to net income of USD 0.07 million a year ago. Basic loss per share from continuing operations was USD 0.01. Diluted loss per share from continuing operations was USD 0.01.
Charlie's Holdings, Inc. is engaged in formulating, marketing and distributing non-combustible nicotine-related products, alternative alkaloid vapor products, and hemp-derived vapor and edible products. Its wholly owned subsidiaries include Charlieâs Chalk Dust, LLC, which produces and sells nicotine-based and alternative alkaloid vapor products, and Don Polly, LLC, develops, markets and distributes products containing cannabinoids derived from hemp. Its alternative alkaloid products include SPREE BAR vapes with Metatine and are available with rechargeable, reusable batteries. Its other cannabinoids include PINWEEL Disposable, PINWEEL Carts and PINWEEL Edibles. The Companyâs products are produced through contract manufacturers for sale through select distributors, specialty retailers, and third-party online resellers throughout the United States, and in select international markets including the United Kingdom, Italy, Spain, New Zealand, Australia, and Canada.
CHARLIE'S HOLDINGS, INC. 
