GrowGeneration reports 2023 net revenue $225.9M, beats guidance; reviews MMI sale

GrowGeneration Corp.

Full year 2023 net revenue $225.9M (down 18.8% YoY), beating guidance; net loss $46.5M ($0.76/share) vs $163.7M prior year.
Q4 2023 revenue $49.5M (-9% YoY); gross margin improved to 23.5% from 17.6%; Adj. EBITDA loss $3.7M vs loss $10.2M.
2024 guidance: revenue $205-215M; Adj. EBITDA -$2M to +$3M. Q1 revenue $45-48M, Adj. EBITDA loss $1-3M (corrected).
Exploring strategic alternatives for MMI (Storage Solutions), which generated $31.4M revenue and $8.9M operating profit in 2023.
Cash, cash equivalents, and marketable securities $65.0M, no debt; generated $1.4M operating cash in 2023.

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.