Grove corrects EPS overstatement for Q2/6M 2021; Q2 revenue $79.3M, margins improve; raises FY guidance

Grove Collaborative Holdings, Inc.

2022-Q2 EPS reported -$3.86 revenue$169,758,000

Corrected prior-period misstatement: net loss per share overstated by $0.59 (Q2 2021) and $0.96 (6M 2021) due to weighted-average shares error.
Q2 2022 net revenue $79.3M, down 20% YoY and 12% sequentially; gross margin 49.1%, up 190 bps vs Q1 2022.
Net loss margin improved to (44.5)% from (52.4)% in Q1 2022; Adjusted EBITDA margin improved to (26.6)% from (43.8)%.
Full-year guidance raised (not detailed in excerpt).
Error had no impact on cash balances, net loss, or operating cash flows for affected periods.

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.