GrowGeneration Corp

For the period ended Jun 30, 2024. Filed Aug 8, 2024.

About this filing

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.

Jun 30, 2024 · Filed Aug 8, 2024

GRWG$1.57+4.7%Stored close · as of Nov 9, 2026

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Contents

Condensed Consolidated Statements of Operations

(Unaudited, in thousands, except per share amounts)

	Three Months Ended June 30,		Six Months Ended June 30,
	2024	2023	2024	2023
Net sales	$53,536	$63,925	$101,424	$120,752
Cost of sales (exclusive of depreciation and amortization shown below)	39,115	46,788	74,639	87,326
Gross profit	14,421	17,137	26,785	33,426
Operating expenses:
Store operations and other operational expenses	10,210	12,008	20,844	24,630
Selling, general, and administrative	7,104	7,503	15,012	14,341
Estimated credit losses (recoveries)	6	107	(482)	424
Depreciation and amortization	3,615	3,824	7,357	7,756
Total operating expenses	20,935	23,442	42,731	47,151
Loss from operations	(6,514)	(6,305)	(15,946)	(13,725)
Other income (expense):
Other (expense) income	(10)	(51)	37	809
Interest income	737	753	1,339	1,181
Interest expense	(14)	(3)	(70)	(5)
Total other income	713	699	1,306	1,985
Net loss before taxes	(5,801)	(5,606)	(14,640)	(11,740)
Provision for income taxes	(95)	(93)	(93)	(93)
Net loss	$(5,896)	$(5,699)	$(14,733)	$(11,833)
Net loss per share, basic	$(0.10)	$(0.09)	$(0.24)	$(0.19)
Net loss per share, diluted	$(0.10)	$(0.09)	$(0.24)	$(0.19)
Weighted average shares outstanding, basic	60,681	61,077	61,090	61,053
Weighted average shares outstanding, diluted	60,681	61,077	61,090	61,053

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.