Private company

CLS Holdings USA, Inc.

Last updated Oct 16, 2026.

Overview

$20.0MRevenue, fiscal 20242
-$4.5MNet income, fiscal 20242
  • IndustryRetail-Miscellaneous Retail
  • HeadquartersNV
  • Incorporated inNV3
  • Business address516 S. 4Th Street, Las Vegas, Nv 891013
  • Filer categoryNon-accelerated filer, Smaller reporting company3

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Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2024

42.7%Gross margin2
-10.0%Operating margin2
-22.5%Net margin2
-13.7%Revenue growth, 20242
$660.6KFree cash flow2

Where the money goes

Where each dollar of revenue went, fiscal 2024

  • Cost of revenue57¢$11.4M
  • Research and development0¢$4.2K
  • Other costs32¢$6.4M
  • Income tax11¢$2.1M

Out of $20.0M in revenue.2 The company lost money this year.

Where each dollar of operating cash went, fiscal 2024

  • Capital spending18¢$148.1K
  • Kept or used elsewhere82¢$660.6K

Out of $808.7K of cash from operations.2

Financial statements

Revenue4567892$20.0M in 2024
0$10.0M$20.0M$30.0M2017: $0$020172018: $0$020182019: $8.5M$8.5M20192020: $11.9M$11.9M2020+41%2021: $19.3M$19.3M2021+62%2022: $22.7M$22.7M2022+17%2023: $23.1M$23.1M2023+2%2024: $20.0M$20.0M2024−14%
Gross profit4567892$8.5M in 2024
0$5.0M$10.0M$15.0M2017: $0$020172018: $0$020182019: $3.6M$3.6M20192020: $6.0M$6.0M2020+64%2021: $9.6M$9.6M2021+62%2022: $10.5M$10.5M2022+9%2023: $10.6M$10.6M2023+1%2024: $8.5M$8.5M2024−19%
Operating income4567892-$2.0M in 2024+24% since 2017
-$30.0M-$20.0M-$10.0M02017: -$1.6M-$1.6M20172018: -$3.1M-$3.1M2018+93%2019: -$22.8M-$22.8M2019+633%2020: -$28.0M-$28.0M2020+23%2021: -$3.7M-$3.7M2021−87%2022: -$877.9K-$877.9K2022−76%2023: -$3.8M-$3.8M2023+328%2024: -$2.0M-$2.0M2024−47%
Net income10567892-$4.5M in 2024−53% since 2017
-$40.0M-$30.0M-$20.0M-$10.0M02017: -$9.6M-$9.6M20172018: -$9.6M-$9.6M2018+0%2019: -$27.6M-$27.6M2019+188%2020: -$30.7M-$30.7M2020+11%2021: -$15.9M-$15.9M2021−48%2022: -$2.3M-$2.3M2022−85%2023: -$13.8M-$13.8M2023+489%2024: -$4.5M-$4.5M2024−67%
Fiscal year20172018201920202021202220232024
Revenue$04$05$8.5M6$11.9M7$19.3M8$22.7M9$23.1M2$20.0M2
Cost of revenue$04$05$4.8M6$6.0M7$9.6M8$12.2M9$12.6M2$11.4M2
Gross profit$04$05$3.6M6$6.0M7$9.6M8$10.5M9$10.6M2$8.5M2
Research and development$04$05$06$07$37.1K8$17.4K9$8092$4.2K2
Operating income-$1.6M4-$3.1M5-$22.8M6-$28.0M7-$3.7M8-$877.9K9-$3.8M2-$2.0M2
Interest$2.6M4$4.7M5$4.4M6$2.9M7$3.7M8$2.1M9$2.7M9
Income tax$04$05$06$07$2.5M8$2.0M9$2.2M2$2.1M2
Net income-$9.6M10-$9.6M5-$27.6M6-$30.7M7-$15.9M8-$2.3M9-$13.8M2-$4.5M2
Earnings per share-$0.234-$0.245-$0.276-$0.247-$0.138-$0.089-$0.232-$0.052
Earnings per share (diluted)-$0.2314-$0.245-$0.276-$0.247-$0.138-$0.089-$0.232-$0.052

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Former names

  • Adelt Design, Inc.Jun 3, 2011 to Nov 26, 20143

Recent filings

  1. Aug 14, 20258-K
  2. Aug 8, 20258-K
  3. Jun 25, 20258-K
  4. May 30, 2025DEF 14A
  5. Apr 14, 202510-Q
  6. Mar 3, 20258-K
  7. Jan 10, 202510-Q
  8. Jan 8, 20258-K
  9. Jan 3, 20254
  10. Dec 31, 20248-K
  11. Dec 30, 20244
  12. Dec 30, 20244
  13. Nov 8, 20248-K
  14. Oct 11, 202410-Q
  15. Oct 3, 20244

Every filing from the last three years, summarized. The full record is on SEC EDGAR.1

Sources

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