CHARLIE’S HOLDINGS, INC.
Income Statement
| Line Item | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 |
|---|---|---|---|---|---|---|---|---|
| Revenue | — | $20.9M | $7.8M | $16.3M | $26.4M | $21.5M | $16.7M | $22.7M |
| Cost of Revenue | — | $15.3M | $4.9M | — | — | — | $7.5M | $10.1M |
| Gross Profit | — | $5.7M | $2.9M | — | — | — | $9.2M | $12.7M |
| Gross Margin | — | 27.0% | 37.1% | — | — | — | 55.2% | 55.7% |
| Operating Expenses | ||||||||
| Research & Development | — | — | — | $169.0K | $804.0K | $24.0K | $3.4M | $1.1M |
| SG&A Expense | — | $6.4M | $5.6M | $7.0M | $8.4M | $8.8M | $10.9M | $15.0M |
| Operating Income | — | $-2.2M | $-3.3M | $-2.2M | $-1.8M | $565.0K | $-6.8M | $-5.8M |
| Operating Margin | — | -10.4% | -42.5% | -13.6% | -6.8% | 2.6% | -40.6% | -25.3% |
| Interest Expense | — | — | — | $477.0K | $155.0K | $34.0K | $134.0K | $0 |
| Pretax Income | — | $4.6M | $-4.0M | $-2.1M | $-1.7M | $5.2M | $-7.2M | — |
| Income Tax Expense | — | $275.0K | $0 | $0 | $-92.0K | $342.0K | $0 | $29.0K |
| Net Income | — | $4.5M | $-4.2M | $-2.1M | $-1.6M | $4.8M | $-7.2M | $-2.1M |
| Net Margin | — | 21.5% | -53.6% | -12.9% | -6.0% | 22.4% | -43.1% | -9.4% |
| EPS (Basic) | — | $0.02 | $-0.02 | $-0.01 | $-0.01 | $0.02 | $-0.04 | $0.00 |
| EPS (Diluted) | — | $0.02 | $-0.02 | $-0.01 | $-0.01 | $0.01 | $-0.04 | $0.00 |
| Shares Outstanding (Basic) | 274.2M | 257.4M | 234.8M | 216.1M | 212.3M | 203.6M | 189.8M | 10.65B |
| Shares Outstanding (Diluted) | 274.2M | 278.5M | 234.8M | 216.1M | 212.3M | 237.7M | 189.8M | 10.65B |
| Dividends Per Share | — | — | — | — | — | — | — | — |