cbdMD, Inc. Reports Record Q2 Sales
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cbdMD, Inc. (YCBD) Reports Q2 Revenues Above Estimates
May 16, 2019 7:31 AM EDTcbdMD, Inc. (NYSE: YCBD) reported Q2 revenue for the quarter came in at $5.7 million versus the consensus estimate of $3.2 million.
Total net sales on a GAAP basis increased 84% to $5.7 million for the second quarter ended March 31, 2019 compared to the prior year period.Gross profit as a percentage of net sales was 62.4% for the second quarter ended March 31, 2019, up from 60.6% in the quarter ended December 31, 2018.Working capital of $12.3 million at March 31, 2019, compared to working capital of $10.8 million at September 30, 2018. In addition, completed a secondary financing with net proceeds of approximately $12.6 million... More