HYFM Q3 2023 Earnings — Hydrofarm Holdings Group, Inc. Revenue & Financial Results | Market Cap Arena

HYFMHydrofarm Holdings Group, Inc.

$5M

Q3 2023 Earnings

Industrials Agricultural - Machinery

Income Statement

Revenue

$54M-27.0% YoY

Gross Profit

$3M6.1% margin

Operating Income

-$16M-30.0% margin

Net Income

-$20M-36.7% margin

EPS (Diluted)

$-4.36

QoQ Revenue Growth

-14.1%

Cash Flow

Operating Cash Flow

$8M

Free Cash Flow

$7M

Stock-Based Comp.

$1M

Balance Sheet

Total Assets

$522M

Total Liabilities

$219M

Stockholders' Equity

$304M

Cash & Equivalents

$32M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$54M	$74M	-27.0%
Gross Profit	$3M	$6M	-43.6%
Operating Income	-$16M	-$20M	+20.1%
Net Income	-$20M	-$24M	+15.5%

Revenue Segments

Shipping and Handling

$2M100%

Geographic Segments

Canada Segment

$9M100%