Charlie's Holdings Q3 Revenue Rises 336% to $7.1 Million
Reuters
Nov 20
Charlie's Holdings Q3 Revenue Rises 336% to $7.1 Million
Charlie's Holdings Inc. reported revenue of $7.1 million for the three months ended September 30, 2025, an increase of 336% compared to $1.6 million in the same period in 2024. Net income was $0.6 million, compared to a net loss of $1.0 million a year earlier. The company also reported a cash balance of $1.1 million and total assets of $10.6 million, up from $0.2 million and $3.9 million, respectively, at the end of Q4 2024. Shareholders' equity improved to $3.2 million from a deficit of $1.8 million. The increase in revenue was primarily attributed to higher sales of the SBX product line, which now represents the majority of the company's sales. The company completed a $1.0 million sale of a PACHA SKU to a strategic buyer during the quarter. The SBX roll-out began in Q3 2025 in seven states, with further expansion planned in Q4.
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