secwatch.observer — SEC 8-K summary
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Issuer:     Grove Collaborative Holdings, Inc. (GROV)
CIK:        0001841761
Form:       8-K
Filed at:   2024-05-14T23:59:59+00:00
Accession:  0001628280-24-023242
Event type: earnings
Sentiment:  neutral
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Grove Q1 2024: Revenue $53.5M (-25.2%); Adj. EBITDA $1.9M positive, maintains FY guidance
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- Revenue $53.5M, down 25.2% YoY; net loss $3.4M vs $13.1M YoY loss.
- Adjusted EBITDA positive $1.9M (3.5% margin) vs negative $6.9M prior year.
- Cash and equivalents $81.6M; lease restructuring saves >$5M through May 2027.
- Maintains FY2024 guidance: revenue $215-225M, Adj. EBITDA margin 0-1%.
- DTC orders fell 29.5% YoY to 0.8M; active customers down 35% to 807K.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1841761/000162828024023242/0001628280-24-023242-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1841761/000162828024023242/grov-20240514.htm
  HTML page:      https://secwatch.observer/filing/0001628280-24-023242

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