Company profile

Incorporated in
Fiscal year end
Former names
CannaVEST Corp., Foreclosure Solutions, Inc.
IRS number


9 May 19
18 Jun 19
31 Dec 19


Company financial data Financial data

Quarter (USD) Mar 19 Dec 18 Sep 18 Jun 18
Revenue 14.91M 14.22M 13.6M 12.35M
Net income -9.38M 2.9M 3.29M 3.19M
Diluted EPS -0.1 0.03 0.03 0.03
Net profit margin -62.93% 20.39% 24.23% 25.80%
Operating income -9.38M 2.76M 3.53M 3.3M
Cash on hand
Cost of revenue 4.35M 4.91M 3.66M 3.29M
Annual (USD) Dec 18 Dec 17 Dec 16 Dec 15
Revenue 48.24M 20.68M 11.06M 11.53M
Net income 10M -4.9M -14.14M -12.23M
Diluted EPS 0.09 -0.06 -0.27 -0.35
Net profit margin 20.73% -23.68% -128% -106%
Operating income 10.25M -4.86M -13.07M -11.21M
Cash on hand
Cost of revenue 14.37M 6.19M 4.06M 4.8M

Financial data from Cv Sciences earnings reports

Financial report summary

Management Discussion
  • We had product sales of $14.9 million and gross profit of $10.6 million, representing a gross margin of 70.8% in the first quarter of 2019 compared with product sales of $8.1 million and gross profit of $5.6 million, representing a gross margin of 68.9% in the first quarter of 2018. We increased our product sales by $6.8 million or 85% in the first quarter of 2019 when compared to first quarter 2018 results. The sales increase in the first quarter 2019 compared with 2018 is primarily due to an increase in distribution, customer awareness and demand for our branded PlusCBD™ products, as we continued to expand and maintain our core customer base. We also launched new products and formulations, including gel capsules and gummies, which helped drive our overall sales.
Content analysis ?
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