Hydrofarm Holdings Group, Inc. Reports Earnings Results for the First Quarter Ended March 31, 2024
May 14, 2024 at 07:04 am EDT
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Hydrofarm Holdings Group, Inc. reported earnings results for the first quarter ended March 31, 2024. For the first quarter, the company reported sales was USD 54.17 million compared to USD 62.18 million a year ago. Net loss was USD 12.61 million compared to USD 16.85 million a year ago.
Basic loss per share from continuing operations was USD 0.28 compared to USD 0.37 a year ago. Diluted loss per share from continuing operations was USD 0.28 compared to USD 0.37 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. 
