See more : ROC Energy Acquisition Corp. (ROC) Income Statement Analysis – Financial Results
Complete financial analysis of GrowGeneration Corp. (GRWG) income statement, including revenue, profit margins, EPS and key performance metrics. Get detailed insights into the financial performance of GrowGeneration Corp., a leading company in the Specialty Retail industry within the Consumer Cyclical sector.
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GrowGeneration Corp. (GRWG)
About GrowGeneration Corp.
GrowGeneration Corp., through its subsidiaries, owns and operates retail hydroponic and organic gardening stores in the United States. It engages in the marketing and distribution of nutrients, growing media, advanced indoor and greenhouse lighting, environmental control systems, vertical benching, and accessories for hydroponic gardening, as well as other indoor and outdoor growing products. The company serves commercial and urban cultivators growing specialty crops, including organics, greens, and plant-based medicines. As of March 01, 2022, it operated a chain of 63 stores, which includes 23 in California, 8 in Colorado, 7 in Michigan, 5 in Maine, 6 in Oklahoma, 4 in Oregon, 3 in Washington, 2 in Nevada, 1 in Arizona, 1 in Rhode Island, 1 in Florida, 1 in Massachusetts, and 1 in New Mexico, as well as growgeneration.com, an online superstore for cultivators. The company was formerly known as Easylife Corp. GrowGeneration Corp. was founded in 2008 and is based in Greenwood Village, Colorado.
| Metric | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 225.88M | 278.17M | 422.49M | 193.37M | 79.73M | 29.00M | 14.36M | 7.98M | 3.46M | 1.44M |
| Cost of Revenue | 164.62M | 207.90M | 304.25M | 142.32M | 57.17M | 22.56M | 11.09M | 5.78M | 2.35M | 974.68K |
| Gross Profit | 61.26M | 70.26M | 118.24M | 51.05M | 22.56M | 6.44M | 3.27M | 2.20M | 1.10M | 468.16K |
| Gross Profit Ratio | 27.12% | 25.26% | 27.99% | 26.40% | 28.30% | 22.22% | 22.76% | 27.62% | 31.93% | 32.45% |
| Research & Development | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| General & Administrative | 28.00M | 32.76M | 36.90M | 21.45M | 9.28M | 5.15M | 3.01M | 2.07M | 1.39M | 253.31K |
| Selling & Marketing | 1.80M | 4.00M | 4.00M | 996.00K | 737.00K | 269.55K | 264.63K | 107.74K | 51.33K | 19.43K |
| SG&A | 29.80M | 36.76M | 40.90M | 21.45M | 9.28M | 5.15M | 3.01M | 2.18M | 1.44M | 688.71K |
| Other Expenses | 81.30M | 71.81M | 62.34M | 21.16M | 11.14M | 115.88K | 1.21K | 357.55K | -11.22K | 0.00 |
| Operating Expenses | 111.10M | 108.57M | 103.24M | 42.61M | 20.42M | 10.70M | 6.12M | 2.54M | 1.60M | 695.75K |
| Cost & Expenses | 275.73M | 316.47M | 407.49M | 184.93M | 77.59M | 33.26M | 17.21M | 8.31M | 3.95M | 1.67M |
| Interest Income | 2.70M | 580.00K | 486.00K | 43.93K | 144.73K | 79.18K | 0.00 | 0.00 | 2.92K | 0.00 |
| Interest Expense | 97.00K | 21.00K | 43.00K | 14.05K | 401.50K | 1.01M | 15.34K | 5.25K | 0.00 | 0.00 |
| Depreciation & Amortization | 16.61M | 17.13M | 12.60M | 2.44M | 1.05M | 351.07K | 151.56K | 52.96K | 16.44K | 4.28K |
| EBITDA | -29.76M | -149.48M | 27.87M | 11.03M | 2.77M | -3.71M | -2.38M | -373.03K | -499.61K | -220.22K |
| EBITDA Ratio | -13.18% | -7.16% | 6.60% | 5.70% | 4.17% | -12.79% | -18.78% | -3.84% | -14.46% | -15.26% |
| Operating Income | -49.84M | -38.31M | 15.00M | 8.44M | 2.14M | -4.26M | -2.85M | -425.99K | -514.62K | -224.50K |
| Operating Income Ratio | -22.07% | -13.77% | 3.55% | 4.36% | 2.68% | -14.67% | -19.84% | -5.34% | -14.89% | -15.56% |
| Total Other Income/Expenses | 3.38M | 1.24M | 227.00K | 141.68K | -261.00K | -818.11K | 307.93K | -5.25K | -10.92K | -3.08K |
| Income Before Tax | -46.46M | -166.63M | 15.23M | 8.58M | 1.88M | -5.07M | -2.54M | -431.24K | -528.76K | -227.59K |
| Income Before Tax Ratio | -20.57% | -59.90% | 3.60% | 4.44% | 2.36% | -17.50% | -17.70% | -5.40% | -15.30% | -15.77% |
| Income Tax Expense | 32.00K | -2.89M | 2.44M | 3.25M | 396.95K | 195.06K | 16.55K | -862.49M | -8.30K | 0.00 |
| Net Income | -46.50M | -163.75M | 12.79M | 5.33M | 1.48M | -5.07M | -2.54M | -431.24K | -528.76K | -227.59K |
| Net Income Ratio | -20.58% | -58.87% | 3.03% | 2.76% | 1.86% | -17.50% | -17.70% | -5.40% | -15.30% | -15.77% |
| EPS | -0.76 | -2.69 | 0.22 | 0.12 | 0.05 | -0.22 | -0.18 | -0.05 | -0.04 | -0.04 |
| EPS Diluted | -0.76 | -2.69 | 0.21 | 0.11 | 0.04 | -0.22 | -0.18 | -0.05 | -0.04 | -0.04 |
| Weighted Avg Shares Out | 61.18M | 60.81M | 59.22M | 43.94M | 32.83M | 23.06M | 14.13M | 9.15M | 11.89M | 6.00M |
| Weighted Avg Shares Out (Dil) | 61.18M | 60.81M | 60.46M | 46.46M | 33.91M | 23.49M | 14.51M | 9.15M | 11.89M | 6.00M |
GrowGeneration Schedules Third Quarter 2024 Earnings Release Conference Call for November 12, 2024
DENVER--(BUSINESS WIRE)--GrowGeneration Corp. (NASDAQ: GRWG) (“GrowGen” or the “Company”), one of the largest retailers and distributors of specialty hydroponic and organic gardening products in the United States, today announced it will release its financial results for the third quarter ended...
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GrowGeneration to Participate in the Lake Street Capital Markets 8th Annual Best Ideas Growth Conference on September 12, 2024
DENVER--(BUSINESS WIRE)--GrowGeneration Corp. (NASDAQ: GRWG) (“GrowGen” or the “Company”), one of the largest retailers and distributors of specialty hydroponic and organic gardening products in the United States, announced today that Darren Lampert, Chief Executive Officer and Co-Founder, will participate in...
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Source: https://incomestatements.info
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