Charlotte's Web Q2 FY26 net loss narrows 34.4% to $4.1 million; revenue falls 15.2% to $10.9 million
Quarterly results
Charlotte's Web posted Q2 revenue of $10.9 million, down 15.2% from a year earlier.
Net loss narrowed to $4.1 million, or $(0.02) per share, from $6.3 million, or $(0.04) per share.
Balance sheet update
Cash and cash equivalents ended at $14 million, up from $5.2 million at March 31, reflecting a $10 million BAT private placement.
BAT converted its C$75.3 million convertible debenture into shares, cutting total liabilities by $57 million and restoring shareholders' equity to $56.1 million.
Margins and expenses
Gross margin widened 0.7 percentage points to 47.5%, while SG&A expenses fell 5.4% to $9.5 million.
