Charlie's Holdings, Inc. Reports Earnings Results for the Third Quarter Ended September 30, 2020
November 14, 2020 at 02:19 am IST
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Charlie's Holdings, Inc. announced earnings results for the third quarter ended September 30, 2020. For the third quarter, the company announced total revenue was USD 3.894 million compared to USD 5.590 million a year ago. Operating loss was USD 921,000 compared to USD 1.190 million a year ago. Net loss was USD 6.824 million compared to net income of USD 1.557 million a year ago. For the nine months, total revenue was USD 12.462 million compared to USD 19.056 million a year ago. Operating loss was USD 6.030 million compared to USD 1.926 million a year ago. Net loss was USD 11.384 million compared to net income of USD 999,000 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. 
