secwatch.observer — SEC 8-K summary
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Issuer:     HYDROFARM HOLDINGS GROUP, INC. (HYFM)
CIK:        0001695295
Form:       8-K
Filed at:   2022-05-10T23:59:59+00:00
Accession:  0001628280-22-013591
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Hydrofarm Q1 net loss $23.3M; adjusted EPS -$0.17 vs +$0.18 YoY; updates FY2022 outlook
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- Net sales flat at $111.4M; gross profit fell to $16.6M (14.9% margin) from $23.2M (21.0%).
- Net loss ($23.3M), ($0.52) diluted loss per share vs net income $4.9M ($0.13) in Q1 2021.
- Adjusted EBITDA dropped to $3.1M from $9.9M; $3.2M inventory reserve recorded.
- FY2022 guidance: net sales $480M-$520M, adjusted EBITDA $46M-$54M (~10% of sales).
- Debt $124.7M, cash $12.2M, $99.7M available under revolving credit facility.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1695295/000162828022013591/0001628280-22-013591-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1695295/000162828022013591/hyfm-20220510.htm
  HTML page:      https://secwatch.observer/filing/0001628280-22-013591

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