secwatch.observer — SEC 8-K summary
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Issuer:     Grove Collaborative Holdings, Inc. (GROV)
CIK:        0001841761
Form:       8-K
Filed at:   2024-03-06T23:59:59+00:00
Accession:  0001628280-24-009415
Event type: earnings
Sentiment:  neutral
Materiality: 0.70
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Grove Q4 2023 adjusted EBITDA positive; full-year revenue $259.3M, down 19.4%; guides FY2024 $215-225M
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- Q4 net revenue $59.9M (-19.2% YoY); gross margin 54.4% (+740 bps YoY).
- Q4 adjusted EBITDA $0.1M, positive second consecutive quarter; operating cash flow $1.1M.
- Full-year 2023 net revenue $259.3M, down 19.4% YoY; net loss margin improved to (16.7%).
- FY2024 guidance: net revenue $215-225M; adjusted EBITDA margin 0.0% to 1.0%.
- DTC active customers down 33.2% YoY to 0.9M; net revenue per order record $66.83.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1841761/000162828024009415/0001628280-24-009415-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1841761/000162828024009415/grov-20240306.htm
  HTML page:      https://secwatch.observer/filing/0001628280-24-009415

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