HYFM Q1 2023 Earnings — Hydrofarm Holdings Group, Inc. Revenue & Financial Results | Market Cap Arena

HYFMHydrofarm Holdings Group, Inc.

$5M

Q1 2023 Earnings

Industrials Agricultural - Machinery

Income Statement

Revenue

$62M-44.2% YoY

Gross Profit

$11M18.3% margin

Operating Income

-$13M-21.0% margin

Net Income

-$17M-27.1% margin

EPS (Diluted)

$-3.72

QoQ Revenue Growth

+1.2%

Cash Flow

Operating Cash Flow

-$9M

Free Cash Flow

-$11M

Stock-Based Comp.

$0

Balance Sheet

Total Assets

$559M

Total Liabilities

$225M

Stockholders' Equity

$334M

Cash & Equivalents

$19M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$62M	$111M	-44.2%
Gross Profit	$11M	$17M	-31.5%
Operating Income	-$13M	-$26M	+50.6%
Net Income	-$17M	-$23M	+27.7%

Revenue Segments

Shipping and Handling

$3M100%

Geographic Segments

Canada Segment

$15M100%