GrowGeneration Corp

For the period ended Sep 30, 2024. Filed Nov 12, 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.

Sep 30, 2024 · Filed Nov 12, 2024

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

Extracted filing text, with the paragraph anchors used by the comparison.

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Contents

Condensed Consolidated Statements of Operations

(Unaudited, in thousands, except per share amounts)

	Three Months Ended September 30,		Nine Months Ended September 30,
	2024	2023	2024	2023
Net sales	$50,006	$55,678	$151,430	$176,430
Cost of sales (exclusive of depreciation and amortization shown below)	39,196	39,490	113,835	126,816
Gross profit	10,810	16,188	37,595	49,614
Operating expenses:
Store operations and other operational expenses	10,032	11,658	30,876	36,288
Selling, general, and administrative	7,405	7,582	22,417	21,923
Estimated credit losses (recoveries)	272	257	(210)	681
Depreciation and amortization	4,972	4,721	12,329	12,477
Impairment loss	220	—	220	—
Total operating expenses	22,901	24,218	65,632	71,369
Loss from operations	(12,091)	(8,030)	(28,037)	(21,755)
Other income (expense):
Other (expense) income	(50)	(23)	(13)	786
Interest income	663	705	2,002	1,886
Interest expense	—	(1)	(70)	(6)
Total other income	613	681	1,919	2,666
Net loss before taxes	(11,478)	(7,349)	(26,118)	(19,089)
Benefit (provision) for income taxes	43	—	(50)	(93)
Net loss	$(11,435)	$(7,349)	$(26,168)	$(19,182)
Net loss per share, basic	$(0.19)	$(0.12)	$(0.43)	$(0.31)
Net loss per share, diluted	$(0.19)	$(0.12)	$(0.43)	$(0.31)
Weighted average shares outstanding, basic	59,268	61,272	60,479	61,127
Weighted average shares outstanding, diluted	59,268	61,272	60,479	61,127

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.