Hydrofarm Holdings Group Announces Fourth Quarter and Full Year 2023 Results
Hydrofarm Holdings Group, Inc. (HYFM)
Company Research
Source: GlobeNewswire
Significant Improvement in Net Loss and Adjusted EBITDA for the Fourth Quarter and Full Year 2023 2024 Outlook Calls for Lower Net Sales, Positive Adjusted EBITDA and Positive Free Cash Flow SHOEMAKERSVILLE, Pa., Feb. 29, 2024 (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, today announced financial results for its fourth quarter and full year ended December 31, 2023. Fourth Quarter 2023 Highlights vs. Prior Year Period: Net sales decreased to $47.2 million compared to $61.5 million.Gross Profit(2) increased to $8.4 million compared to Gross Loss(2) of $(0.5) million. Gross Profit Margin(2) increased to 17.9% of net sales compared to (0.8)%.Adjusted Gross Profit(1)(2)
Show less
Read more
Impact Snapshot
Event Time:
HYFM
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
---|---|---|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
Last Price | ||
VWAP | ||
High:
|
Max Up |
High:
|
Low:
|
Max Down |
Low:
|
%
|
Post news range |
%
|
|
Price change |
|
|
Price Change Percentage |
|
|
S&P 500 (SPX) |
|
%
|
Volume ratio |
%
|
Volume | ||
Ticks | ||
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
HYFM alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
HYFM alerts
High impacting Hydrofarm Holdings Group, Inc. news events
Weekly update
A roundup of the hottest topics
HYFM
News
- Hydrofarm Holdings Group, Inc. to Announce First Quarter 2024 Results on May 14, 2024GlobeNewswire
- Hydroponics Industry Report Reveals Market Set to Double by 2029 with a Focus on Innovative Growth Systems and Nutrients [Yahoo! Finance]Yahoo! Finance
- Is Balchem (BCPC) Stock Outpacing Its Basic Materials Peers This Year? [Yahoo! Finance]Yahoo! Finance
- 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
HYFM
Earnings
- 2/29/24 - Miss
HYFM
Sec Filings
- 5/2/24 - Form 4
- 4/17/24 - Form ARS
- 4/17/24 - Form DEFA14A
- HYFM's page on the SEC website