E CbdMD Q4 Financials Revenue Up Again For Eighth Consecutive Quarter

cbdMD, Inc. (YCBD) cannabidiol (CBD) brands include tinctures, capsules, gummies, topicals, bath bombs, and pet products and are carried in over 6,000 retail outlets. It also is a partner of Bellator MMA and Life Time, Inc. It announced its Q4, 2020 financial and operating results on Tuesday for the period ended September 30, 2020, as follows:

Q4 Financial Highlights 

(All results are presented in USD and compared to the previous quarter. Go here to convert into other currencies.)

  • Net Revenue: +10% to $11.7M 
    • e-commerce: +5% to $8.6M
    • pet brands: +31% to $1.7M
  • Gross Profit: increased to $6.4M from $(1.3)M
  • Gross Margin: reduced to 54% from 65%
  • Net Loss: improved 50.5% to $(4.5)M
  • Cash/Equiv.: N/C at $14.8M

Management Commentary

Chairman and co-CEO Martin A. Sumichrast said:

  • “... We have grown quarterly sales over 900% in eight fiscal quarters...[by remaining] focused on our core competency, which is e-commerce direct-to-consumer sales...
  • We have also maintained one of the strongest balance sheets in the CBD industry and we believe we have more than ample enough capital to execute our 2021 strategy...
  • We dramatically reduced our non-GAAP adjusted loss from operations from over $10 million in the first half of fiscal 2020 to approximately $1.3 million in the second half of fiscal 2020...[and are] are confident that we will achieve positive adjusted operating income...fiscal 2021... 
  • We expect continued robust sales growth in fiscal 2021.”

Stock Performance

cbdMD is a constituent in the munKNEE Pure-Play Pot Stock Index and is one of the 15 of 25 stocks in the index which is up YTD (+22.0%) as illustrated in the chart below:

 

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