CbdMD, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended June 30, 2022
August 11, 2022 at 04:22 pm EDT
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cbdMD, Inc. reported earnings results for the third quarter and nine months ended June 30, 2022. For the third quarter, the company reported sales was USD 8.87 million compared to USD 11.35 million a year ago. Revenue was USD 8.59 million compared to USD 10.56 million a year ago. Net loss was USD 31.63 million compared to net income of USD 1.54 million a year ago. Basic loss per share from continuing operations was USD 24.75 compared to basic earnings per share from continuing operations of USD 0.9 a year ago. Diluted loss per share from continuing operations was USD 24.75 compared to diluted earnings per share from continuing operations of USD 0.9 a year ago.
For the nine months, sales was USD 28.67 million compared to USD 36.94 million a year ago. Revenue was USD 27.54 million compared to USD 34.69 million a year ago. Net loss was USD 55.45 million compared to USD 20.37 million a year ago. Basic loss per share from continuing operations was USD 44.55 compared to USD 18 a year ago. Diluted loss per share from continuing operations was USD 44.55 compared to USD 18 a year ago.
cbdMD, Inc. produces and distributes cannabidiol (CBD) products. The Company owns and operates CBD brands cbdMD, Paw CBD and cbdMD Botanicals. Its cbdMD brand of products includes a range of premium every day and functional CBD products, including tinctures; gummies; topicals; capsules; drink mixes; and sleep, focus and calming aids.Its Paw CBD brand of products includes a line of veterinarian-formulated products including tinctures, chews, topicals products in varying strengths and formulas. Its cbdMD Botanicals brand of beauty and skincare products features facial oil and serum, toners, moisturizers, clear skin, facial masks, exfoliants and body care stock-keeping units (SKU). cbdMD, Paw CBD and cbdMD Botanicals products are distributed through its e-commerce websites, third party ecommerce sites, select distributors and marketing partners as well as a variety of brick-and-mortar retailers. Its products are sold through www.cbdmd.com, www.pawcbd.com, and cbdmdbotanicals.com Websites.
CBDMD, INC. 
