CV Sciences (CVSI) Misses Q1 EPS by 1c

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Go back to CV Sciences (CVSI) Misses Q1 EPS by 1c

CV Sciences, Inc. Reports First Quarter 2021 Financial Results

May 13, 2021 4:05 PM EDT

SAN DIEGO, May 13, 2021 (GLOBE NEWSWIRE) -- CV Sciences, Inc. (OTCQB: CVSI) (the Company, CV Sciences, our, us or we), a preeminent supplier and manufacturer of hemp cannabidiol (CBD) products, today announced its financial results for the quarter ended March 31, 2021.

First Quarter 2021 and Recent Operating Highlights

Revenue of $4.8 million for first quarter of 2021, compared to $8.3 million for the first quarter of 2020;Gross margin of 48.7% for first quarter of 2021, improved from 48.5% for the first quarter of 2020;Improved total cash balance of $5.7 million at quarter end, compared to $4.5... More