secwatch.observer — SEC 8-K summary
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Issuer:     GrowGeneration Corp. (GRWG)
CIK:        0001604868
Form:       8-K
Filed at:   2023-08-14T23:59:59+00:00
Accession:  0001628280-23-029229
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

GrowGeneration Q2 revenue $63.9M (+12% QoQ), net loss $5.7M, lowers FY guidance
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- Net revenue $63.9M, up 12% sequentially; comparable store sales down 15.1% YoY.
- Net loss $5.7M ($0.09 loss per diluted share); Adjusted EBITDA profit of $0.9M.
- Gross margin 26.8%, down 1.7pp YoY due to shrink, obsolescence, and vendor price cuts.
- Cash and marketable securities $70.6M; year-to-date ops cash flow positive at $7.4M.
- FY2023 guidance lowered: revenue $220-225M, Adj. EBITDA loss $4-6M citing industry headwinds.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1604868/000162828023029229/0001628280-23-029229-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1604868/000162828023029229/grwg-20230808.htm
  HTML page:      https://secwatch.observer/filing/0001628280-23-029229

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