HYDROFARM HOLDINGS GROUP INC
For the period ended Mar 31, 2024. Filed May 14, 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 14, 2024
HYFM$0.77-5.7%Stored close · as of Nov 9, 2026
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Condensed Consolidated Statements of Operations
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (UNAUDITED)
(In thousands, except share and per share amounts)
| Three months ended March 31, | ||
|---|---|---|
| 2024 | 2023 | |
| Net sales | $54,172 | $62,178 |
| Cost of goods sold | 43,247 | 50,797 |
| Gross profit | 10,925 | 11,381 |
| Operating expenses: | ||
| Selling, general and administrative | 19,621 | 24,431 |
| Loss from operations | (8,696) | (13,050) |
| Interest expense | (3,931) | (3,692) |
| Other income, net | 215 | 40 |
| Loss before tax | (12,412) | (16,702) |
| Income tax expense | (196) | (147) |
| Net loss | $(12,608) | $(16,849) |
| Net loss per share: | ||
| Basic | $(0.28) | $(0.37) |
| Diluted | $(0.28) | $(0.37) |
| Weighted-average shares of common stock outstanding: | ||
| Basic | 45,813,729 | 45,263,822 |
| Diluted | 45,813,729 | 45,263,822 |
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