Charlie's Holdings Inc. reported its financial results for the second quarter of 2025, marking its first profitable quarter since Q2 2023. The company achieved a net income of $5.0 million, a significant turnaround from a net loss of $1.0 million in Q2 2024. The earnings per share $(EPS)$ for the quarter stood at $0.02, compared to a loss per share of $0.01 in the same period last year. Revenue, excluding $6.5 million income from PMTA asset sales, increased by 25%, reaching $2.5 million compared to $2.0 million in Q2 2024. However, gross profit experienced a decrease, amounting to $0.7 million, down from $0.8 million in the prior year, resulting in a gross margin of 26.1% versus 38.1% in Q2 2024. Charlie's Holdings highlighted several business developments, including the successful introduction of its SBX product in six states and plans for a broader rollout. The company also entered into strategic partnerships generating $6.5 million in income, with potential contingent payments of $4.2 million over the next year. Furthermore, the company intends to launch a U.S.-based manufacturing line in late 2025 to address shipping delays and meet new domestic manufacturing requirements.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Charlie's Holdings Inc. published the original content used to generate this news brief via ACCESS Newswire (Ref. ID: 1063742) on August 21, 2025, and is solely responsible for the information contained therein.
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