secwatch.observer — SEC 8-K summary
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Issuer:     GrowGeneration Corp. (GRWG)
CIK:        0001604868
Form:       8-K
Filed at:   2023-05-09T23:59:59+00:00
Accession:  0001628280-23-016888
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

GrowGeneration Q1 revenue $56.8M, net loss $6.1M; maintains FY2023 guidance
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- Net revenue $56.8M, down 30.5% YoY but sequential improvement from prior quarter.
- Gross margin improved to 28.7% from 27.1% YoY; net loss $6.1M ($0.10 loss per share).
- Comparable store sales declined 36.6% YoY; total retail sales $39.4M vs $64.3M prior year.
- Adjusted EBITDA loss $1.8M, above guidance; FY2023 guidance: revenue $250M-$270M, adj. EBITDA loss $4M to profit $1M.
- Cash and marketable securities $71.9M; store/operating expenses down to $13.0M from $14.5M.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1604868/000162828023016888/0001628280-23-016888-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1604868/000162828023016888/grwg-20230509.htm
  HTML page:      https://secwatch.observer/filing/0001628280-23-016888

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