CbdMD, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended June 30, 2023
August 10, 2023 at 05:10 pm EDT
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cbdMD, Inc. reported earnings results for the third quarter and nine months ended June 30, 2023. For the third quarter, the company reported sales was USD 6.46 million compared to USD 8.87 million a year ago. Revenue was USD 6.12 million compared to USD 8.59 million a year ago. Net loss was USD 1.77 million compared to USD 31.63 million a year ago. Basic loss per share from continuing operations was USD 1.16 compared to USD 24.81 a year ago. Diluted loss per share from continuing operations was USD 1.16 compared to USD 24.81 a year ago.
For the nine months, sales was USD 19.29 million compared to USD 28.67 million a year ago. Revenue was USD 18.44 million compared to USD 27.54 million a year ago. Net loss was USD 7.06 million compared to USD 55.45 million a year ago. Basic loss per share from continuing operations was USD 4.26 compared to USD 44.41 a year ago. Diluted loss per share from continuing operations was USD 4.26 compared to USD 44.41 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. 
