Grove Q3 net revenue $77.7M, down 18% YoY; raises full-year guidance

Grove Collaborative Holdings, Inc.

2022-Q3 EPS reported -$1.13 revenue$247,491,000

Net revenue $77.7M, down 18% YoY and 2% sequentially.
Gross margin 49.1%, down 130 bps YoY but flat sequentially.
Net income margin 9.9% (includes gains on derivative remeasurement), improved from net loss margins in prior quarters.
Adjusted EBITDA margin (12.4)%, improvement from (26.6)% in Q2 2022 and (32.8)% in Q3 2021.
Company raises full-year guidance; targets profitability in 2024.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Grove Collaborative Holdings, Inc. reported third quarter of fiscal 2022 ended September 30, 2022 results: revenue $77.7 million. Guidance raised.

Period: third quarter of fiscal 2022 ended September 30, 2022
Revenue: $77.7 million
Guidance: raised
Result: reported results

Exact text from the filing

Net revenue of $77.7 million, down 2% from the second quarter of 2022, and down 18% year-over-year

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Grove Collaborative Holdings, Inc. filing history →

Source: SEC EDGAR

accession 0001841761-22-000068

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