secwatch.observer — SEC 8-K summary
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Issuer:     HYDROFARM HOLDINGS GROUP, INC. (HYFM)
CIK:        0001695295
Form:       8-K
Filed at:   2022-08-09T23:59:59+00:00
Accession:  0001628280-22-021937
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Hydrofarm Q2 net loss $203.3M; revenue down 27%; reiterates lowered outlook
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- Net sales fell 27% to $97.5M from $133.8M; volume down ~30% on hydroponic industry recession.
- GAAP net loss of $(203.3)M ($(4.53)/share) includes $189.6M goodwill impairment and $10.2M inventory reserve.
- Adjusted net loss of $(8.4)M ($(0.19)/share) vs adjusted net income of $12.9M ($0.31) a year ago.
- Adjusted EBITDA negative $(6.8)M, down from $16.2M; FY2022 outlook reaffirmed: sales $330–$347M, Adj. EBITDA $(25)–$(16)M.
- Cash and restricted cash $27.4M, total debt $126.7M, $70M revolver available; net debt reduced $14.1M in Q2.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1695295/000162828022021937/0001628280-22-021937-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1695295/000162828022021937/hyfm-20220809.htm
  HTML page:      https://secwatch.observer/filing/0001628280-22-021937

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