Charlie's Holdings, Inc. Reports Earnings Results for the Second Quarter Ended June 30, 2020
August 14, 2020 at 04:05 pm EDT
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Charlie's Holdings, Inc. announced earnings results for the second quarter ended June 30, 2020. For the second quarter, the company announced total revenue was USD 4.163 million compared to USD 6.819 million a year ago. Operating loss was USD 758,000 compared to USD 3.211 million a year ago. Net loss was USD 644,000 compared to USD 3.033 million a year ago. For the half year, total revenue was USD 8.568 million compared to USD 13.466 million a year ago. Operating loss was USD 5.109 million compared to USD 736,000 a year ago. Net loss was USD 4.560 million compared to USD 558,000 a year ago.
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. 