See more : GI Innovation, Inc. (358570.KQ) Income Statement Analysis – Financial Results
Complete financial analysis of 1606 Corp. (CBDW) income statement, including revenue, profit margins, EPS and key performance metrics. Get detailed insights into the financial performance of 1606 Corp., a leading company in the Tobacco industry within the Consumer Defensive sector.
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1606 Corp. (CBDW)
About 1606 Corp.
1606 Corp., an AI chatbot company, specializes in merchandising chatbots for the cannabidiol industry. It offers ChatCBDW, a proprietary bot fully integrated to improve sales, educate audiences on products, and provide analytics on customer preferences and behavior and contributing to inventory management. The company was founded in 2019 and is headquartered in Phoenix, Arizona.
| Metric | 2023 | 2022 | 2021 |
|---|---|---|---|
| Revenue | 1.60K | 13.94K | 34.07K |
| Cost of Revenue | 995.00 | 12.76K | 21.70K |
| Gross Profit | 608.00 | 1.18K | 12.37K |
| Gross Profit Ratio | 37.93% | 8.48% | 36.32% |
| Research & Development | 0.00 | 0.00 | 0.00 |
| General & Administrative | 0.00 | 422.43K | 256.66K |
| Selling & Marketing | 0.00 | 118.79K | 56.98K |
| SG&A | 1.71M | 541.22K | 313.63K |
| Other Expenses | 65.00K | 0.00 | 0.00 |
| Operating Expenses | 1.77M | 541.22K | 313.63K |
| Cost & Expenses | 1.78M | 553.98K | 335.33K |
| Interest Income | 0.00 | 0.00 | 0.00 |
| Interest Expense | 0.00 | 0.00 | 0.00 |
| Depreciation & Amortization | 995.00 | 0.00 | 0.00 |
| EBITDA | -1.71M | -540.04K | -301.26K |
| EBITDA Ratio | -106,580.91% | -3,872.90% | -884.27% |
| Operating Income | -1.77M | -540.04K | -301.26K |
| Operating Income Ratio | -110,635.81% | -3,872.90% | -884.27% |
| Total Other Income/Expenses | 192.76K | 0.00 | 0.00 |
| Income Before Tax | -1.58M | -540.04K | -301.26K |
| Income Before Tax Ratio | -98,610.92% | -3,872.90% | -884.27% |
| Income Tax Expense | 0.00 | 0.00 | 0.00 |
| Net Income | -1.58M | -540.04K | -301.26K |
| Net Income Ratio | -98,610.92% | -3,872.90% | -884.27% |
| EPS | -0.03 | -0.01 | -0.01 |
| EPS Diluted | -0.03 | -0.01 | -0.01 |
| Weighted Avg Shares Out | 47.32M | 38.15M | 37.10M |
| Weighted Avg Shares Out (Dil) | 47.32M | 38.15M | 37.10M |
1606 to launch AI chatbot ChatCBD early next week
1606 Corp. (OTC:CBDW) shares rocketed more than 50% higher in pre-market trade on Thursday after the company announced its artificial intelligence (AI)-driven online merchandising platform ChatCBD designed for the CBD industry is currently in its final product testing phase and...
1606 seeing significant interest in licensing ChatCBD to CBD retailers
1606 Corp. (OTC:CBDW) is seeing significant interest in its artificial intelligence chatbot for the CBD sector ChatCBD from major players in the industry ahead of the tool's upcoming launch. The company's CEO Greg Lambrecht told Proactive in an exclusive interview...
ChatCBD: How small-cap 1606 is bringing AI to weed-buying consumers
1606 Corp. (OTC:CBDW) is spearheading a revolutionary shift in the customer experience with the introduction of ChatCBD, integrating artificial intelligence into the world of CBD merchandising. The CBD industry faces challenges due to lack of FDA regulation and misinformation surrounding...
1606 partners with Cool Blue to launch new AI customer experience ChatCBD
1606 Corp. (OTC:CBDW), which intends to rename itself CBDW AI, has announced the upcoming launch of ChatCBD, a revolutionary artificial intelligence (AI) chatbot, in partnership with Cool Blue Distribution. The company said in a statement that the conversational e-commerce tool...
1606 Corp. Partners with Cool Blue To Launch ChatCBD, a New AI Customer Experience
SEATTLE , Sept. 26, 2023 /PRNewswire/ -- 1606 Corp. (OTC Pink: CBDW) ("1606" or the "Company") is excited to announce an upcoming launch of ChatCBD, the Company's revolutionary AI chatbot designed to transform customer experiences.
1606 taps AR XTLabs to develop AI chatbot for CBD sector
1606 Corp. (OTC:CBDW), which intends to rename itself CBDW AI, said it has entered into a partnership with leading backend development firm AR XTLabs to advance an AI natural learning processing chatbot for the CBD sector. The company said the...
1606 Corp Engages AR XTLabs to Develop AI Chatbot For CBD Industry
SEATTLE , Sept. 7, 2023 /PRNewswire/ -- CBDW AI, a brand of 1606 Corp. (OTC: CBDW) and the new prominent provider of enterprise-level artificial intelligence (AI) solutions tailored for the CBD industry, is thrilled to reveal its strategic partnership with...
1606 updates investors on name change to CBDW AI
1606 Corp. (OTC:CBDW) said its board and shareholders have approved its name change to CBDW AI, a name it believes aligns more closely with its strategy of identifying itself as a technology company to access more meaningful revenue channels in...
1606 Corp. Updates Shareholders on Name Change Filing
SEATTLE , Sept. 6, 2023 /PRNewswire/ -- 1606 Corp. (OTC Pink: CBDW) (the "Company" or "CBDW") is excited to announce its board and shareholders have approved a name change to "CBDW AI," which it believes aligns more closely with the...
Cannabis stock rally continues on marijuana rescheduling hopes
Cannabis stocks continued to move higher following the Labor Day long weekend after the U.S. Department of Health and Human Services (HHS) last week recommended reclassifying marijuana as a lower-risk drug.
Source: https://incomestatements.info
Category: Stock Reports