CBD of Denver Achieves 26% Revenue Growth and Returns to Positive Operating Income in 2024
CBD of Denver (OTC Pink: CBDD) reported strong financial results for fiscal year 2024, with revenue increasing 26% to $3.75 million from $2.98 million in 2023. The growth was primarily driven by the company's wholesale CBD division performance.
Key financial achievements include a return to positive operating income with a $338,000 year-over-year improvement, and a 58% reduction in operating expenses. The company maintained a cleaner capital structure with no new convertible debt issuance during the year, while improving shareholders' equity.
The company announced a strategic repositioning as a dynamic holding company, focusing on incubating and accelerating innovative businesses in the tech sector. Future opportunities will be explored in digital payments, blockchain, AI, and other technology-driven solutions, marking a shift from its traditional CBD focus.
CBD di Denver (OTC Pink: CBDD) ha riportato risultati finanziari solidi per l'anno fiscale 2024, con un aumento del fatturato del 26% a 3,75 milioni di dollari rispetto ai 2,98 milioni del 2023. La crescita è stata principalmente guidata dalle performance della divisione all'ingrosso di CBD dell'azienda.
Le principali conquiste finanziarie includono un ritorno a un reddito operativo positivo con un miglioramento di 338.000 dollari rispetto all'anno precedente e una riduzione del 58% delle spese operative. L'azienda ha mantenuto una struttura di capitale più pulita senza emissioni di nuovi debiti convertibili durante l'anno, migliorando nel contempo il capitale degli azionisti.
L'azienda ha annunciato un riposizionamento strategico come una società di holding dinamica, concentrandosi sull'incubazione e l'accelerazione di imprese innovative nel settore tecnologico. Saranno esplorate future opportunità in pagamenti digitali, blockchain, intelligenza artificiale e altre soluzioni tecnologiche, segnando un cambiamento rispetto al suo tradizionale focus sul CBD.
CBD de Denver (OTC Pink: CBDD) reportó resultados financieros sólidos para el año fiscal 2024, con un aumento de ingresos del 26% a 3.75 millones de dólares desde 2.98 millones en 2023. El crecimiento fue impulsado principalmente por el rendimiento de la división mayorista de CBD de la empresa.
Los logros financieros clave incluyen un regreso a un ingreso operativo positivo con una mejora de 338,000 dólares año tras año, y una reducción del 58% en los gastos operativos. La empresa mantuvo una estructura de capital más limpia sin emisión de nueva deuda convertible durante el año, mientras mejoraba el patrimonio de los accionistas.
La empresa anunció un reposicionamiento estratégico como una compañía de holding dinámica, enfocándose en incubar y acelerar negocios innovadores en el sector tecnológico. Se explorarán futuras oportunidades en pagos digitales, blockchain, IA y otras soluciones impulsadas por la tecnología, marcando un cambio de su enfoque tradicional en el CBD.
덴버의 CBD (OTC Pink: CBDD)는 2024 회계연도에 강력한 재무 결과를 보고했으며, 수익이 26% 증가하여 2023년 298만 달러에서 375만 달러에 이르렀습니다. 성장은 주로 회사의 도매 CBD 부문의 성과에 의해 주도되었습니다.
주요 재무 성과로는 긍정적인 운영 소득으로의 복귀가 있으며, 전년 대비 33만 8천 달러 개선되었고, 운영 비용이 58% 감소했습니다. 회사는 새로운 전환 사채 발행 없이 더 깨끗한 자본 구조를 유지하면서 주주 자본을 개선했습니다.
회사는 혁신적인 기업을 육성하고 가속화하는 데 중점을 두고 역동적인 지주 회사로서의 전략적 재편성을 발표했습니다. 앞으로 디지털 결제, 블록체인, 인공지능 및 기타 기술 기반 솔루션에서 기회를 탐색할 예정이며, 이는 전통적인 CBD 초점에서의 전환을 의미합니다.
CBD de Denver (OTC Pink: CBDD) a annoncé de solides résultats financiers pour l'exercice 2024, avec une augmentation des revenus de 26% à 3,75 millions de dollars, contre 2,98 millions en 2023. La croissance a été principalement alimentée par la performance de la division CBD en gros de l'entreprise.
Les réalisations financières clés incluent un retour à un revenu opérationnel positif avec une amélioration de 338 000 dollars d'une année sur l'autre, et une réduction de 58% des dépenses opérationnelles. L'entreprise a maintenu une structure de capital plus propre sans émission de nouvelle dette convertible pendant l'année, tout en améliorant les capitaux propres des actionnaires.
L'entreprise a annoncé un repositionnement stratégique en tant que société de holding dynamique, se concentrant sur l'incubation et l'accélération d'entreprises innovantes dans le secteur technologique. De futures opportunités seront explorées dans les paiements numériques, la blockchain, l'IA et d'autres solutions technologiques, marquant un changement par rapport à son accent traditionnel sur le CBD.
CBD aus Denver (OTC Pink: CBDD) hat für das Geschäftsjahr 2024 starke finanzielle Ergebnisse gemeldet, mit einem Umsatzanstieg von 26% auf 3,75 Millionen Dollar von 2,98 Millionen Dollar im Jahr 2023. Das Wachstum wurde hauptsächlich durch die Leistung der Großhandels-CBD-Sparte des Unternehmens vorangetrieben.
Wichtige finanzielle Erfolge umfassen die Rückkehr zu einem positiven Betriebsergebnis mit einer Verbesserung von 338.000 Dollar im Jahresvergleich und einer 58%igen Reduzierung der Betriebskosten. Das Unternehmen hat eine sauberere Kapitalstruktur beibehalten, ohne im Laufe des Jahres neue wandelbare Schulden auszugeben, und gleichzeitig das Eigenkapital der Aktionäre verbessert.
Das Unternehmen kündigte eine strategische Neupositionierung als dynamische Holdinggesellschaft an, die sich auf die Inkubation und Beschleunigung innovativer Unternehmen im Technologiesektor konzentriert. Zukünftige Chancen werden in digitalen Zahlungen, Blockchain, KI und anderen technologiegetriebenen Lösungen erkundet, was einen Wandel von seinem traditionellen CBD-Fokus markiert.
- Revenue grew 26% to $3.75 million in 2024
- Returned to positive operating income with $338,000 improvement
- Operating expenses reduced by 58%
- No new convertible debt issued, maintaining cleaner capital structure
- Improved shareholders' equity
- Significant strategic shift away from core CBD business introduces execution risk
Denver, Colorado--(Newsfile Corp. - March 31, 2025) - CBD of Denver, Inc. (OTC Pink: CBDD), a diversified holding company, today announced key financial highlights for the fiscal year ended December 31, 2024, demonstrating strong revenue growth and a return to positive operating income.
2024 Highlights:
Revenue grew to
Operating income turned positive, improving by more than
Operating expenses were reduced by
No new convertible debt was issued during the year, maintaining a cleaner capital structure.
Shareholders' equity improved, further stabilizing the balance sheet.
"We're proud of the progress we made in 2024," said Jan Schwager, CEO of CBD of Denver. "With strong top-line growth and significant cost savings, we've created a leaner, more agile company that is now well-positioned to pursue new opportunities in tech-driven sectors."
The Company remains focused on expanding its revenue base, maintaining financial discipline, and creating long-term shareholder value.
New Strategic Alignment
CBD of Denver is repositioning itself as a dynamic holding company focused on incubating and accelerating a broad range of innovative businesses, with an emphasis on the tech sector. Building on its operational and financial turnaround, the company will explore opportunities across digital payments, blockchain, AI, and other scalable technology-driven solutions. This strategic shift reflects CBD of Denver's long-term vision to create a diversified portfolio of forward-thinking ventures that can deliver sustainable value to shareholders.
About CBD of Denver, Inc.
CBD of Denver, Inc. is focused on acquiring profitable assets at attractive valuations to create value for shareholders. The company's team is dedicated to sourcing high-margin, innovative products that align with its values.
For inquiries, please contact Investor Relations: info@cbdofdenverinc.com.
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To view the source version of this press release, please visit https://www.newsfilecorp.com/release/246723
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