Hydrofarm Holdings Group, Inc.
Income Statement
| Line Item | Jun 2024 | Mar 2024 | Dec 2023 | Sep 2023 | Jun 2023 | Mar 2023 | Dec 2022 | Sep 2022 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $54.8M | $54.2M | $47.2M | $54.2M | $63.1M | $62.2M | $61.5M | $74.2M |
| Cost of Revenue | $43.9M | $43.2M | $38.7M | $50.9M | $48.6M | $50.8M | $61.9M | $68.3M |
| Gross Profit | $10.9M | $10.9M | $8.4M | $3.3M | $14.5M | $11.4M | $-473.0K | $5.9M |
| Gross Margin | 19.8% | 20.2% | 17.9% | 6.1% | 23.0% | 18.3% | -0.8% | 7.9% |
| Operating Expenses | ||||||||
| Research & Development | — | — | — | — | — | — | — | — |
| SG&A Expense | $18.7M | $19.6M | $19.9M | $19.5M | $23.5M | $24.4M | $26.2M | $26.2M |
| Operating Income | $-19.3M | $-8.7M | $-11.4M | $-16.2M | $-9.0M | $-13.1M | $-26.7M | $-20.3M |
| Operating Margin | -35.3% | -16.1% | -24.2% | -30.0% | -14.3% | -21.0% | -43.4% | -27.4% |
| Interest Expense | — | $3.9M | $4.0M | $4.0M | $3.8M | $3.7M | $3.1M | $3.1M |
| Pretax Income | $-23.1M | $-12.4M | $-15.3M | $-19.8M | $-13.2M | $-16.7M | $-30.0M | $-22.8M |
| Income Tax Expense | $390.0K | $196.0K | $-131.0K | $89.0K | $-318.0K | $147.0K | $5.2M | $759.0K |
| Net Income | $-23.5M | $-12.6M | $-15.2M | $-19.9M | $-12.9M | $-16.8M | $-35.3M | $-23.5M |
| Net Margin | -42.8% | -23.3% | -32.2% | -36.7% | -20.4% | -27.1% | -57.4% | -31.7% |
| EPS (Basic) | $-5.10 | $-2.75 | $-13.15 | $-0.44 | $-0.28 | $-0.37 | $-0.78 | $-0.52 |
| EPS (Diluted) | $-5.10 | $-2.75 | $-13.15 | $-0.44 | $-0.28 | $-0.37 | $-0.78 | $-0.52 |
| Shares Outstanding (Basic) | 4.6M | 4.6M | 4.6M | 45.6M | 45.4M | 45.3M | 45.0M | 45.1M |
| Shares Outstanding (Diluted) | 4.6M | 4.6M | 4.6M | 45.6M | 45.4M | 45.3M | 45.0M | 45.1M |
| Dividends Per Share | — | — | — | — | — | — | — | — |