Sector: Consumer Non-Cyclicals | Industry: Tobacco |
See Regulatory Filings on SEC |
Company Contact | |
Address: | 1007 Brioso Dr COSTA MESA CA 92627 |
Tel: | N/A |
Website: | https://charliesholdings.com |
IR: | See website |
Key People | ||
Henry Sicignano President, Principal Executive Officer | Matthew P. Montesano Interim Chief Financial Officer | Ryan Stump Chief Operating Officer, Director | Adam Mirkovich Chief Information Officer |
Business Overview |
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 Charlie's 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 Company's 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. |
Financial Overview |
For the fiscal year ended 31 December 2023, Charlie's Holdings Inc revenues decreased 39% to $16.3M. Net loss increased 31% to $2.1M. Revenues reflect a decrease in demand for the Company's products and services due to unfavorable market conditions. Higher net loss reflects Interest expense increase from $155K to $477K (expense), Other income decrease from $6K (income) to $0K. |