cbdMD Reports Fiscal September 30, 2020 Results

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Go back to cbdMD Reports Fiscal September 30, 2020 Results

cbdMD, Inc. (YCBD) Reports Q4 Revenues Beat

December 22, 2020 4:09 PM EST

cbdMD, Inc. (NYSE: YCBD) reported Q4 revenue for the quarter came in at $11.7 million versus the consensus estimate of $11.2 million.

For the Quarter Ended September 30, 2020:

Our net sales for the fourth quarter of fiscal 2020 increased by 23% year-over-year to a record of $11.7 million from $9.5 million in the fourth quarter of fiscal 2019.Our gross profit margin for the quarter decreased to 54% in the fourth quarter of fiscal 2020 from 57% in the fourth quarter of fiscal 2019, which was principally attributable to an approximate $1.66 million in non-cash inventory adjustment during the quarter. Our non-GAAP... More