Fuente:
Tobacco Reporter
Lugar:
Business & Finance
Charlie’s Holdings, Inc. reported a sharp turnaround in 2025, with revenue rising 169% year over year to $20.9 million and net income of $4.5 million, compared with a $4.2 million loss in 2024. The company’s auditor, Urish Popeck & Co., LLC, issued a clean opinion that removed prior “going concern” language, strengthening Charlie’s position for a planned uplisting to a national exchange in 2026. Balance sheet metrics improved materially, with cash increasing to $1.3 million, total assets to $11.6 million, and shareholders’ equity returning to a positive $3.4 million from a deficit position a year earlier.
Performance was supported by $7.5 million in PMTA-related asset sales to a strategic buyer, growth in SBX nicotine-analogue disposables, and the opening of a U.S. manufacturing facility in Q4. Looking ahead, Charlie’s plans to expand chain convenience distribution, pilot an AI/blockchain age-gating system with IKE Tech, introduce high-capacity disposable devices under SBX and Pachamama, pursue additional PMTA partnerships, grow international sales, and advance its exchange uplisting, while positioning its regulatory compliance and youth-access controls as differentiators in a market the company says is pressured by illicit imports.The post Charlie’s Holdings Reports 169% Revenue Increase first appeared on Tobacco Reporter.