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Charlie's Holdings Inc (PK:CHUC)

Business Focus: Tobacco

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.