Hydrofarm Holdings Group, Inc. Reports Earnings Results for the Full Year Ended December 31, 2023
February 29, 2024 at 08:40 am EST
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Hydrofarm Holdings Group, Inc. reported earnings results for the full year ended December 31, 2023. For the full year, the company reported sales was USD 226.58 million compared to USD 344.5 million a year ago. Net loss was USD 64.81 million compared to USD 285.42 million a year ago.
Basic loss per share from continuing operations was USD 1.42 compared to USD 6.35 a year ago. Diluted loss per share from continuing operations was USD 1.42 compared to USD 6.35 a year ago.
Hydrofarm Holdings Group, Inc. is an independent manufacturer and distributor of hydroponics equipment and supplies for controlled environment agriculture (CEA). The products offered by the Company include agricultural lighting devices, indoor climate control equipment, nutrients, and plant additives used to grow, farm, and cultivate cannabis, flowers, fruits, plants, vegetables, grains, and herbs in controlled environment settings that allow end users to control farming variables including temperature, humidity, carbon dioxide, light intensity and color, nutrient concentration, and the potential of hydrogen (pH). Its CEA product categories include lighting solutions, growing media (premium soils and soil alternatives), nutrients, equipment, and supplies. The Company's brands include Active Air, Active Aqua, Aurora Peat Products, HEAVY 16, House & Garden, Gaia Green, Grotek, Innovative Growers Equipment, Mad Farmer, Phantom, PHOTOBIO, Procision, Roots Organics, Soul, and SunBlaster.
HYDROFARM HOLDINGS GROUP, INC. 
