Charlie’s Holdings Reports First Quarter 2026 Results

Company Reports 204% Revenue Growth compared with Q1 2025.

Increased regulatory enforcement, FDA’s pivot on flavored vapor products, and plans to launch America’s first age-gated disposable, bode well for Charlie’s.

COSTA MESA, CA, May 20, 2026 (GLOBE NEWSWIRE) -- Charlie’s Holdings, Inc. (OTCQB: CHUC) (“Charlie’s” or the “Company”), an industry leader in the premium vapor products space, today reported results for the three months ended March 31, 2026, and provided an update on recent business highlights. 

Key Financial Highlights for Q1 2026 (compared with Q1 2025)

• Revenue increased 204% to $4.8 million
• Gross profit increased 206% to $1.2 million
• Operating expenses increased 70% to $2.2 million
• Net loss decreased 14% to $1.1 million

Recent Business Highlights

• The Company achieved 204% revenue growth driven by significant expansion of the SBX non-nicotine disposable vapor product line.
• In January 2026 the Company signed a definitive licensing agreement with IKE Tech LLC ("IKE") to commercialize the first-ever AI-powered blockchain-based age-gating disposable vape products in the United States.
• On May 5, 2026, for the first time in history, the U.S. Food and Drug Administration (“FDA”) authorized two of Glas Inc.’s “fruit-flavored” pods through the premarket tobacco product application (“PMTA”) pathway. Industry officials view this development – combined with the May 12, 2026 resignation of FDA Commissioner Marty Makary – as a sign that the FDA’s long-standing resistance to broader flavored vape approvals may be starting to soften.
• This week the Company announced that Charlie's is the only company to have received California Unflavored Tobacco List ("UTL") authorization for FOUR modern disposable products (Virginia Tobacco SBX, PACHA 10K, PACHA 15K, and PACHA 20K). Charlie’s products are strongly positioned – on price point, value (puff counts), and performance – versus market leaders Juul and Vuse.
• As a result of Charlie’s new UTL authorizations, the Company reported that America’s second largest c-store chain introduced Charlie’s SBX Virginia Tobacco disposables across the State of California.

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