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 |
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 |