Nov. 11 at 5:51 PM
$GRWG posts a narrower-than-expected loss in Q3 — is a turnaround on the horizon? 🌿
👎 Revenue fell 5.6% YoY, but beat estimates at
$47M
📈 Gross margin jumped to 27.2% from 21.6% thanks to higher private label sales
⚖️ Total operating expenses fell by 31.5% YoY, boosting adjusted EBITDA to
$1.3M
See if GRWG is poised for growth again 👉 https://www.zacks.com/stock/news/2789563/growgeneration-q3-earnings-beat-estimates-revenues-dip-6-yy?cid=sm-stocktwits-2-2789563-body-20567&ADID=SYND_STOCKTWITS_TWEET_2_2789563_BODY_20567