GrowGeneration Corp
For the period ended Mar 31, 2024. Filed May 8, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Mar 31, 2024 · Filed May 8, 2024
GRWG$1.57+4.7%Stored close · as of Nov 9, 2026
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Condensed Consolidated Statements of Operations
(in thousands, except per share amounts)
| Three Months Ended March 31, | ||
|---|---|---|
| 2024 | 2023 | |
| Net sales | $47,888 | $56,827 |
| Cost of sales (exclusive of depreciation and amortization shown below) | 35,524 | 40,538 |
| Gross profit | 12,364 | 16,289 |
| Operating expenses: | ||
| Store operations and other operational expenses | 10,634 | 12,622 |
| Selling, general, and administrative | 7,908 | 6,838 |
| Estimated credit losses (recoveries) | (488) | 317 |
| Depreciation and amortization | 3,742 | 3,932 |
| Total operating expenses | 21,796 | 23,709 |
| Income (loss) from operations | (9,432) | (7,420) |
| Other income (expense): | ||
| Other income (expense) | 47 | 860 |
| Interest income | 602 | 428 |
| Interest expense | (56) | (2) |
| Total other income (expense) | 593 | 1,286 |
| Net income (loss) before taxes | (8,839) | (6,134) |
| Benefit (provision) for income taxes | 2 | — |
| Net income (loss) | $(8,837) | $(6,134) |
| Net income (loss) per share, basic | $(0.14) | $(0.10) |
| Net income (loss) per share, diluted | $(0.14) | $(0.10) |
| Weighted average shares outstanding, basic | 61,499 | 61,028 |
| Weighted average shares outstanding, diluted | 61,499 | 61,028 |
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