Charlie's Holdings, Inc. Reports Earnings Results for the Second Quarter Ended June 30, 2021
August 16, 2021 at 06:58 am
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Charlie's Holdings, Inc. announced earnings results for the second quarter ended June 30, 2021. For the second quarter, the company announced total revenue was USD 5.433 million compared to USD 4.163 million a year ago. Operating loss was USD 168,000 compared to USD 758,000 a year ago. Net income was USD 19.764 million compared to net loss of USD 644,000 a year ago. Basic earnings per share from continuing operations was USD 0.1. For the half year, total revenue was USD 9.794 million compared to USD 8.568 million a year ago. Operating loss was USD 397,000 compared to USD 5.109 million a year ago. Net loss was USD 373,000 compared to USD 4.560 million 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. 