GrowGeneration Corp. (GRWG) Tops Q4 EPS by 2c
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GrowGeneration Reports Record Fourth Quarter and Full Year 2021 Financial Results; Introduces Full Year 2022 Guidance
March 1, 2022 4:01 PM ESTRecord Revenue of $422.5 million and Adjusted EBITDA of $34.5 million in 2021
Revenues increased 46% to $90.6 million in the fourth quarter and increased 119% to $422.5 million for the full year 2021. Net income for the full year was $12.8 million, compared to prior year net income of $5.3 million. Net loss for the fourth quarter was $4.1 million, compared to net income of $1.5 million in the prior year. Adjusted EBITDA was a loss of $1.9 million for the fourth quarter, but increased 82% to $34.5 million for the full year 2021. Expecting full... More