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cbdMD(YCBD) - 2021 Q4 - Annual Report
2021-12-17 21:06
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended September 30, 2021 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _________ to __________ Commission file number 001-38299 cbdMD, INC. (Exact Name of Registrant as Specified in its Charter) North Carolina 47-3414576 State or Oth ...
cbdMD(YCBD) - 2021 Q3 - Earnings Call Transcript
2021-08-12 23:48
cbdMD, Inc. (NYSE:YCBD) Q3 2021 Results Earnings Conference Call August 12, 2021 4:15 PM ET Company Participants Ronan Kennedy - CFO, COO, Secretary & Treasurer Martin Sumichrast - Chairman & Co-CEO Conference Call Participants Operator Good afternoon. Welcome to cbdMD, Incorporated's June 30, 2021 Third Quarter Fiscal 2021 Earnings Call and Update. This afternoon, the company issued a press release that provided an overview of its third quarter fiscal 2021 results, which followed the filing of its quarterl ...
cbdMD(YCBD) - 2021 Q3 - Quarterly Report
2021-08-12 20:06
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2021 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from __________________ to _______________ Commission file number 001-38299 cbdMD, INC. (Exact Name of Registrant as Specified in its Charter) North Carolina 47-341 ...
cbdMD(YCBD) - 2021 Q2 - Earnings Call Transcript
2021-05-13 02:27
Financial Data and Key Metrics Changes - Total net sales for Q2 fiscal 2021 reached an all-time high of $11.8 million, representing a 26% year-over-year increase and a seasonal sequential dip of 4% [26] - For the six months ending March 2021, total sales were $24.1 million, a 24% increase compared to $19.5 million in the same period last fiscal year [27] - GAAP gross profit margin was 69% for Q2 fiscal 2021, compared to 71% for the same period last year [32] - GAAP loss from operations was approximately $4.1 million for Q2 fiscal 2021, an improvement from a $5.6 million loss in the prior year period [34] Business Line Data and Key Metrics Changes - E-commerce sales for Q2 fiscal 2021 were $8.4 million, a 23% year-over-year increase, representing approximately 71% of total net sales [27] - Wholesale business generated $3.4 million in net sales for Q2 fiscal 2021, compared to $2.6 million in the same quarter of fiscal 2020 [29] - Demand for Paw CBD was strong, and the initial release of cbdMD Botanicals was well received [31] Market Data and Key Metrics Changes - The company has sold products in over 31 countries and is expanding its presence internationally [16] - The U.K. and European Union markets present significant opportunities, with applications filed for regulatory compliance [16][17] Company Strategy and Development Direction - The company aims to be the leading global CBD consumer brand, focusing on new product launches, partnerships, and international market expansion [9] - A new subsidiary, cbdMD Therapeutics, was formed to explore therapeutic applications of CBD [22] - The company is committed to quality and operational excellence, pursuing additional certifications [48] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about substantial net sales growth based on new product launches and market expansion [9] - The company anticipates maintaining gross profit margins between 65% and 70% [32] - Management highlighted the importance of brand equity and quality products in driving future growth [19] Other Important Information - The company had cash and cash equivalents of approximately $23.7 million as of March 31, 2021, up from $14.8 million as of September 30, 2020 [44] - The implementation of a new ERP system aims to improve operational efficiency and data visibility [47] Q&A Session Summary - No questions were raised during the Q&A session, and the conference call concluded without further inquiries [50][51]
cbdMD(YCBD) - 2021 Q2 - Quarterly Report
2021-05-12 20:06
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2021 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ___________ to ___________ Commission file number 001-38299 cbdMD, INC. (Exact Name of Registrant as Specified in its Charter) Registrant's Telephone Number, ...
cbdMD(YCBD) - 2021 Q1 - Earnings Call Transcript
2021-02-10 02:43
cbdMD, Inc. (NYSE:YCBD) Q1 2021 Earnings Conference Call February 9, 2021 4:15 PM ET Company Representatives Marty Sumichrast - Chairman, Co-CEO Ronan Kennedy - Chief Financial Officer Ken Cohn - Chief Marketing Officer Conference Call Participants Scott Fortune - Roth Capital Partners Operator Good afternoon. Welcome to the cbdMD Inc. December 31, 2020, First Quarter Earnings Call and Update. This afternoon, the company issued a press release that provided an overview of its first quarter fiscal 2021 resul ...
cbdMD(YCBD) - 2021 Q1 - Quarterly Report
2021-02-09 21:01
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended December 31, 2020 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ___________ to ___________ Commission file number 001-38299 cbdMD, INC. (Exact name of registrant as specified in its charter) North Carolina 47-3414576 (S ...
cbdMD(YCBD) - 2020 Q4 - Earnings Call Transcript
2020-12-23 00:23
cbdMD, Inc. (NYSE:YCBD) Q4 2020 Earnings Conference Call December 22, 2020 4:15 PM ET Company Participants Ronan Kennedy - CFO Marty Sumichrast - Chairman and Co-CEO Ken Cohn - Chief Marketing Officer Conference Call Participants Paul Cooney - Joseph Gunnar Michael Galantino - Chapin Davis Barry Mendel - Mendel Money Management Operator Good afternoon. Welcome to the cbdMD Incorporated Fourth Quarter and Fiscal Year Ended September 30, 2020 Earnings Call and Update. This afternoon, the company issued a pres ...
cbdMD(YCBD) - 2020 Q4 - Annual Report
2020-12-22 21:00
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K (Mark One) ☑ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended September 30, 2020 or ☐ TRANSITION REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _______________ to _______________ Commission file number: 001-38299 CBDMD, INC. (Exact name of registrant as specified in its charter) North Carolina 47-3414576 (State ...
cbdMD(YCBD) - 2020 Q3 - Earnings Call Transcript
2020-08-13 02:41
cbdMD, Inc. (NYSE:YCBD) Q3 2020 Results Earnings Conference Call August 12, 2020 4:15 PM ET Company Participants Mark Elliott - CFO and COO Marty Sumichrast - Chairman and Co CEO Ken Cohn - Chief Marketing Officer Lance Blundell - General Counsel Conference Call Participants Paul Cooney - Joseph Gunnar Aaron Grey - Alliance Global Partners Scott Fortune - Roth Capital Partners Gerald Pascarelli - Cowen Operator Good afternoon. And welcome to the cbdMD Third Quarter Fiscal 2020 Earnings Call and Update. Th ...