secwatch.observer — SEC 8-K summary
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Issuer:     GrowGeneration Corp. (GRWG)
CIK:        0001604868
Form:       8-K
Filed at:   2022-05-10T23:59:59+00:00
Accession:  0001628280-22-013573
Event type: earnings
Sentiment:  negative
Materiality: 0.80
Item codes: 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

GrowGeneration Q1 net loss $5.2M, comp sales -35.5%; slashes FY2022 guidance
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- Net sales $81.8M (-9.2% YoY); comparable store sales -35.5%; net loss $5.2M vs net income $6.1M.
- GAAP loss per share $0.09; adjusted EBITDA loss $0.7M vs $11.1M positive a year ago.
- FY2022 revenue guidance cut to $340-400M (from $415-445M); adjusted EBITDA guidance cut to $0-10M (from $30-35M).
- New store additions reduced to 10-15 from 15-20; acquired HRG in Feb 2022 for $13.4M.
- Cash and marketable securities $66.3M; inventory $105.9M; current liabilities down to $36.6M.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1604868/000162828022013573/0001628280-22-013573-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1604868/000162828022013573/grwg-20220510.htm
  HTML page:      https://secwatch.observer/filing/0001628280-22-013573

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer