HYDROFARM HOLDINGS GROUP INC
For the period ended Sep 30, 2024. Filed Nov 7, 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.
Sep 30, 2024 · Filed Nov 7, 2024
HYFM$0.77-5.7%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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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 September 30, | Nine months ended September 30, | |||
|---|---|---|---|---|
| 2024 | 2023 | 2024 | 2023 | |
| Net sales | $44,009 | $54,168 | $152,974 | $179,397 |
| Cost of goods sold | 35,490 | 50,859 | 122,679 | 150,234 |
| Gross profit | 8,519 | 3,309 | 30,295 | 29,163 |
| Operating expenses: | ||||
| Selling, general and administrative | 17,556 | 19,543 | 55,836 | 67,442 |
| Loss on asset disposition | — | — | 11,520 | — |
| Loss from operations | (9,037) | (16,234) | (37,061) | (38,279) |
| Interest expense | (3,910) | (3,963) | (11,652) | (11,423) |
| Other income, net | 80 | 402 | 374 | 22 |
| Loss before tax | (12,867) | (19,795) | (48,339) | (49,680) |
| Income tax (expense) benefit | (279) | (89) | (865) | 82 |
| Net loss | $(13,146) | $(19,884) | $(49,204) | $(49,598) |
| Net loss per share: | ||||
| Basic | $(0.29) | $(0.44) | $(1.07) | $(1.09) |
| Diluted | $(0.29) | $(0.44) | $(1.07) | $(1.09) |
| Weighted-average shares of common stock outstanding: | ||||
| Basic | 46,034,799 | 45,607,195 | 45,942,827 | 45,429,139 |
| Diluted | 46,034,799 | 45,607,195 | 45,942,827 | 45,429,139 |
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