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CV Sciences Inc (CVSI)
OTHER OTC:CVSI
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Earnings Data
Report Date
Mar 27, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
―Last Year’s EPS
―Same Quarter Last Year
Based on 0 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 14, 2024
|% Change Since: -28.89%
|Next Earnings Date:Mar 27, 2025
Earnings Call Sentiment|Neutral
The earnings call presented a mix of steady performance in revenue and gross margins, successful product launches, and strategic acquisitions. However, the company faces challenges such as a decline in unit sales, revenue impact from regulatory changes in California, and a slight decrease in cash reserves. The sentiment remains cautiously optimistic due to the company's market leadership and strategic initiatives.Company Guidance
During the CV Sciences Q3 2024 earnings call, the company provided guidance emphasizing their strategic focus on profitability and free cash flow. They reported a consistent revenue of $3.9 million with a healthy gross margin of 46%, showing improvement from Q3 2023's 45.1%. The company maintained its #1 position in the natural product retail channel and outlined its M&A strategy, highlighted by recent acquisitions such as Elevated Softgels and Cultured Foods, expected to contribute to revenue and operational efficiency. CV Sciences launched +PlusHLTH, a line of cannabinoid-free supplements, and reported that new products accounted for nearly 53% of Q3 2024 revenue. The company's B2C segment represented 42.8% of total revenue, improving from 40.9% a year ago. The adjusted EBITDA loss was narrowed to $75,000, close to breakeven, compared to a $0.4 million loss in Q3 2023. The company also discussed its regulatory efforts and plans to mitigate legislative challenges, highlighting their continuous push for a sensible regulatory framework at the state and federal levels.Consistent Revenue and Healthy Gross Margin
CV Sciences achieved a revenue of $3.9 million with a gross margin of 46%, consistent with previous quarters, maintaining their position in a competitive market.
Market Leadership and New Product Launch
The company maintained its #1 position in the natural product retail channel and launched +PlusHLTH, a new line of cannabinoid-free supplements with positive initial reception.
Successful M&A Strategy
CV Sciences completed acquisitions of Elevated Softgels and Cultured Foods, contributing to increased capability, scale, and anticipated cost efficiencies.
Strong B2C Performance
Direct-to-consumer business represented 42.8% of total revenue in Q3 2024, showing an increase from 40.9% a year earlier, despite a competitive market and reduced marketing spend.
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CVSI Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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CVSI Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 14, 2024 | $0.04 | $0.04 | 0.00% |
| Aug 13, 2024 | $0.06 | $0.05 | -16.67% |
| May 14, 2024 | $0.05 | $0.05 | 0.00% |
| Mar 28, 2024 | $0.04 | $0.04 | 0.00% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does CV Sciences Inc (CVSI) report earnings?
CV Sciences Inc (CVSI) is schdueled to report earning on Mar 27, 2025, TBA Not Confirmed.
What is CV Sciences Inc (CVSI) earnings time?
CV Sciences Inc (CVSI) earnings time is at Mar 27, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is CVSI EPS forecast?
Currently, no data Available
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