<span item_type="fundamental" item_id="f3d385e42129da0638565e4f48694413" counter_id="ST/US/CWBHF" env="prod"></span><span item_type="announcement" item_id="515967039658464001" env="prod"></span><p>Revenue: As of FY2025 Q1, the actual value is USD 12.3 M.</p><p>EPS: As of FY2025 Q1, the actual value is USD -0.04.</p><p>EBIT: As of FY2025 Q1, the actual value is USD -3.078 M.</p><p></p><h3>Revenue</h3><p>Consolidated net revenue for the first quarter ended March 31, 2025, was $12.3 million, a year-over-year increase of 1.1% compared to $12.1 million in the first quarter of 2024.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1750155/000127956925000503/ex991.htm"></span></p><h3>Gross Profit</h3><p>Gross profit in Q1 2025 was $6.2 million, or 50.8% of revenue, compared to gross profit of $6.9 million, or 57.0% of revenue, in Q1 2024.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1750155/000127956925000503/ex991.htm"></span></p><h3>Operating Loss</h3><p>Operating loss for Q1 2025 was - $5.4 million, compared to - $8.4 million in Q1 2024.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1750155/000127956925000503/ex991.htm"></span></p><h3>Net Loss</h3><p>Net loss for the first quarter of 2025 was - $6.2 million, or - $0.04 per share basic and diluted, compared to a net loss of - $9.7 million, or - $0.06 per share basic and diluted, for the first quarter of 2024.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1750155/000127956925000503/ex991.htm"></span></p><h3>Adjusted EBITDA</h3><p>Charlotte’s Web reported negative Adjusted EBITDA for the first quarter of 2025 of - $2.8 million, a $1.1 million improvement compared to negative Adjusted EBITDA of - $3.9 million in the first quarter of 2024.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1750155/000127956925000503/ex991.htm"></span></p><h3>Cash Flow</h3><p>Net cash used for operations in the first quarter of 2025 was - $2.8 million.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1750155/000127956925000503/ex991.htm"></span></p><h3>Outlook / Guidance</h3><p>Charlotte’s Web anticipates further improvements to cash flow in 2025, supported by transitioning to in-house manufacturing and disciplined SG&amp;A control. The company expects its initiatives to deliver top and bottom-line growth for 2025 and beyond. With cash reserves exceeding $19 million, the company is confident its balance sheet is sufficient to support growth for 2025 and beyond.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1750155/000127956925000503/ex991.htm"></span></p>

Charlotte's Web Holdings, Inc. | 8-K: FY2025 Q1 Revenue: USD 12.3 M