secwatch.observer — SEC 8-K summary
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Issuer:     GrowGeneration Corp. (GRWG)
CIK:        0001604868
Form:       8-K
Filed at:   2023-11-08T23:59:59+00:00
Accession:  0001628280-23-037932
Event type: earnings
Sentiment:  neutral
Materiality: 0.60
Item codes: 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

GrowGeneration Q3 net sales $55.7M, net loss $7.3M; reaffirms FY2023 guidance
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- Net sales of $55.7M, down 21.4% YoY; comparable store sales declined 14.4%.
- Gross margin improved to 29.1% from 25.9% YoY, driven by private label and distribution.
- GAAP net loss of $7.3M ($0.12 per diluted share) vs. loss of $7.2M in Q3 2022.
- Adjusted EBITDA loss of $0.9M, an improvement of $1.8M YoY; cash and securities $66.6M.
- Closed 6 stores in Q3 and plans to close 6 more in Q4; full-year revenue guidance $220M-$225M.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1604868/000162828023037932/0001628280-23-037932-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1604868/000162828023037932/grwg-20231108.htm
  HTML page:      https://secwatch.observer/filing/0001628280-23-037932

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