GrowGeneration reports full year 2022 net loss of $163.7M, revenue down 34.2%

GrowGeneration Corp.

Full year net revenue $278.2M, down 34.2% from $422.5M; net loss $163.7M vs prior year income $12.8M.
Full year diluted EPS loss $2.69 vs $0.21 income; Adjusted EBITDA loss $16.7M vs profit $34.2M.
Q4 net revenue $54.5M (-40% YoY); net loss $15.0M, EPS loss $0.25; Adjusted EBITDA loss $10.2M.
Cash and securities $71.9M; inventory reduced $28.5M; closed 8 stores in 2022.
FY2023 guidance: revenue $250-270M; Adj. EBITDA loss $4M to profit $1M; Q1 rev $55-57M.

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