GrowGeneration Corp (OQ:GRWG)

Sector:  Consumer Cyclicals Industry:  Home Improvement Products & Services Retailers
 
See Regulatory Filings on SEC
Company Contact
Address: 5619 DTC PARKWAY
GREENWOOD VILLAGE CO 80111
Tel: N/A
Website: https://growgeneration.com
IR: See website
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Key People
Darren N. Lampert
Chairman of the Board, Chief Executive Officer
Michael Salaman
President, Director
Gregory Sanders
Chief Financial Officer
Business Overview
GrowGeneration Corp. is a developer, marketer, retailer, and distributor of products for both indoor and outdoor hydroponic and organic gardening. The Company is a marketer and distributor of nutrients, growing media, lighting, ventilation systems and other products for hydroponic and organic gardening. The Company operates through two major lines of business: the Cultivation and Gardening segment, composed of the Company's hydroponic and organic gardening business; and its Storage Solutions segment, composed of the Company's benching, racking, and storage solutions business. The Company's products include proprietary brands such as Charcoir, Drip Hydro, Power Si, Ion lights, The Harvest Company, and more. Its Storage Solutions business, branded as Mobile Media (MMI) provides products, such as high-density mobile storage systems, static shelving, and other accessories such as desks, lockers, safes, and secured storage, offering solutions for every storage need.
Financial Overview
For the fiscal year ended 31 December 2023, GrowGeneration Corp revenues decreased 19% to $225.9M. Net loss decreased 72% to $46.5M. Revenues reflect Cultivation and Gardening segment decrease of 21% to $194.5M, Storage Solutions segment decrease of 3% to $31.4M, Retail Sales - Total decrease of 5% to $194.5M. Lower net loss reflects Corporate segment loss decrease of 66% to $63M, Storage Solutions segment income increase of 25% to $8.9M.
Employees: 372 as of Dec 31, 2023
Reporting Currency: U.S. Dollars
Enterprise value: $86.33M as of Dec 31, 2023
Annual revenue (TTM): $225.88M as of Dec 31, 2023
EBITDA (TTM): -$7.28M as of Dec 31, 2023
Net annual income (TTM): -$46.50M as of Dec 31, 2023
Free cash flow (TTM): -$5.28M as of Dec 31, 2023
Net Debt Last Fiscal Year: N/A
Shares outstanding: 61,504,051 as of Feb 29, 2024
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization

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