Hydrofarm Holdings Group Announces First Quarter 2022 Results
Hydrofarm Holdings Group, Inc. (HYFM)
Company Research
Source: GlobeNewswire
SHOEMAKERSVILLE, Pa., May 10, 2022 (GLOBE NEWSWIRE) -- Hydrofarm Holdings Group, Inc. (“Hydrofarm” or the “Company”) (Nasdaq: HYFM), a leading independent manufacturer and distributor of branded hydroponics equipment and supplies for controlled environment agriculture (“CEA”), today announced financial results for its first quarter ended March 31, 2022. First Quarter 2022 Highlights vs. Prior Year Period: Net sales remained flat at $111.4 million.Gross Profit decreased to $16.6 million compared to $23.2 million. Adjusted Gross Profit(1)(2) was $22.3 million compared to $23.4 million.Net loss was ($23.3) million, or a loss of ($0.52) per diluted share, compared to net income of $4.9 million, or $0.13 per diluted share. Adjusted Net Loss(1)(2) was ($7.8) million, or ($0.17) per diluted share, compared to Adjusted Net Income(1) of $7.2 million, or $0.18 per diluted share.Adjusted EBITDA(1)(2) decreased to $3.1 million compared to $9.9 million.The Company recorded a $3.2 million inven
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HYFM
News
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- Despite Fast-paced Momentum, Hydrofarm (HYFM) Is Still a Bargain Stock [Yahoo! Finance]Yahoo! Finance
- Indoor Farming Technology Market Projected to Reach $39.24 billion by 2030 - Exclusive Report by 360iResearch [Yahoo! Finance]Yahoo! Finance
- Hydroponic Equipment Market Poised for Expansion to US$8.6 Billion by 2029, Fueled by Technological Advances in Indoor Farming [Yahoo! Finance]Yahoo! Finance
HYFM
Earnings
- 2/29/24 - Miss
HYFM
Sec Filings
- 4/17/24 - Form ARS
- 4/17/24 - Form DEFA14A
- 4/17/24 - Form DEF
- HYFM's page on the SEC website