HYFMHydrofarm Holdings Group, Inc.

$5M

Q1 2024 Earnings

Industrials Agricultural - Machinery

Income Statement

Revenue

$54M-12.9% YoY

Gross Profit

$5M9.1% margin

Operating Income

-$9M-15.8% margin

Net Income

-$13M-23.3% margin

EPS (Diluted)

$-2.75

QoQ Revenue Growth

+14.8%

Cash Flow

Operating Cash Flow

-$2M

Free Cash Flow

-$4M

Stock-Based Comp.

$853,000

Balance Sheet

Total Assets

$494M

Total Liabilities

$216M

Stockholders' Equity

$278M

Cash & Equivalents

$24M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$54M	$62M	-12.9%
Gross Profit	$5M	$11M	-56.7%
Operating Income	-$9M	-$13M	+34.4%
Net Income	-$13M	-$17M	+25.2%

Revenue Segments

Shipping and Handling

$3M100%

Geographic Segments

Canada Segment

$14M100%

HYFM Q1 2024 Earnings — Hydrofarm Holdings Group, Inc. Revenue & Financial Results | Market Cap Arena