secwatch.observer — SEC 8-K summary
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Issuer:     GrowGeneration Corp. (GRWG)
CIK:        0001604868
Form:       8-K
Filed at:   2024-03-13T23:59:59+00:00
Accession:  0001628280-24-010898
Event type: earnings
Sentiment:  neutral
Materiality: 0.75
Item codes: 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

GrowGeneration beats FY 2023 revenue at $225.9M; reviews strategic alternatives for MMI
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- Full year 2023 net revenue $225.9M (beat guidance); net loss $46.5M vs $163.7M prior year.
- Q4 2023 net revenue $49.5M (-9% YoY); net loss $27.3M includes $15.7M non-cash impairment.
- FY 2024 guidance: revenue $205-215M; Adj. EBITDA -$2M to +$3M.
- Exploring strategic alternatives for MMI (Storage Solutions); FY 2023 rev $31.4M, op profit $8.9M.
- Cash and no debt: $65.0M; closed/consolidated 17 stores since 2023.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1604868/000162828024010898/0001628280-24-010898-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1604868/000162828024010898/grwg-20240313.htm
  HTML page:      https://secwatch.observer/filing/0001628280-24-010898

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