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GRWG GrowGeneration

GrowGen owns and operates specialty retail hydroponic and organic gardening stores. Currently, GrowGen has 52 stores, which include 8 locations in Colorado, 18 locations in California, 2 locations in Nevada, 1 location in Arizona, 2 locations in Washington, 6 locations in Michigan, 5 locations in Oklahoma, 2 locations in Oregon, 5 locations in Maine, 1 location in Massachusetts, 1 location in Rhode Island and 1 location in Florida. GrowGen also operates an online superstore for retail and craft growers at growgeneration.com. GrowGen carries and sells thousands of products, including organic nutrients and soils, advanced lighting technology and state of the art hydroponic equipment to be used indoors and outdoors by commercial and home growers. Its mission is to own and operate GrowGeneration branded stores in all the major states in the U.S. and Canada. Management estimates that roughly 1,000 hydroponic stores are in operation in the U.S. By 2025, the global hydroponics system market is estimated to reach approximately $16 billion.

Company profile

Ticker
GRWG
Exchange
CEO
Darren Lampert
Employees
Incorporated
Location
Fiscal year end
Former names
EasyLife, Corp.
SEC CIK
Subsidiaries
GGen Distribution Corp • GrowGeneration Management Corp • GrowGeneration Pueblo Corp • GrowGeneration California Corp • GrowGeneration Nevada Corp • GrowGeneration Washington Corp • GrowGeneration Rhode Island Corp • GrowGeneration Michigan Corp • GrowGeneration Oklahoma Corp • GrowGeneration New England Corp ...

GRWG stock data

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Investment data

Data from SEC filings
Securities sold
Number of investors

Calendar

12 Nov 21
4 Dec 21
31 Dec 21
Quarter (USD)
Sep 21 Jun 21 Mar 21 Dec 20
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD)
Dec 20 Dec 19 Dec 18 Dec 17
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Financial data from company earnings reports.

Cash burn rate (estimated) Burn method: Change in cash Burn method: Operating income/loss Burn method: FCF (opex + capex)
Last Q Avg 4Q Last Q Avg 4Q Last Q Avg 4Q
Cash on hand (at last report) 63.04M 63.04M 63.04M 63.04M 63.04M 63.04M
Cash burn (monthly) 1.37M (positive/no burn) (positive/no burn) (positive/no burn) 136K 170.48K
Cash used (since last report) 2.94M n/a n/a n/a 291.33K 365.19K
Cash remaining 60.09M n/a n/a n/a 62.74M 62.67M
Runway (months of cash) 43.8 n/a n/a n/a 461.4 367.6

Beta Read what these cash burn values mean

Date Owner Security Transaction Code Indirect 10b5-1 $Price #Shares $Value #Remaining
17 Nov 21 Salaman Michael Common Stock Gift Acquire G Yes No 0 387,441 0 387,441
17 Nov 21 Salaman Michael Common Stock Gift Dispose G No No 0 387,441 0 553,038
17 Nov 21 Salaman Michael Common Stock Gift Dispose G No No 0 75,516 0 940,479
17 Nov 21 Salaman Michael Common Stock Gift Dispose G No No 0 75,516 0 1,015,995
4 Nov 21 Lampert Darren Common Stock Gift Acquire G Yes No 0 88,474 0 88,474
4 Nov 21 Lampert Darren Common Stock Gift Dispose G No No 0 88,474 0 576,951
4 Nov 21 Lampert Darren Common Stock Gift Dispose G No No 0 125,000 0 665,425
4 Nov 21 Lampert Darren Common Stock Gift Dispose G No No 0 125,000 0 790,425
4 Nov 21 Lampert Darren Common Stock Gift Dispose G No No 0 125,000 0 915,425
1 Nov 21 Tony Sullivan Common Stock Payment of exercise Dispose F No No 0 11,560 0 28,440

Data for the last complete 13F reporting period. To see the most recent changes to ownership, click the ownership history button above.

42.7% owned by funds/institutions
13F holders
Current Prev Q Change
Total holders 217 243 -10.7%
Opened positions 39 43 -9.3%
Closed positions 65 37 +75.7%
Increased positions 74 89 -16.9%
Reduced positions 49 65 -24.6%
13F shares
Current Prev Q Change
Total value 839.85M 1.29B -35.1%
Total shares 25.46M 27.03M -5.8%
Total puts 2.76M 2.31M +19.7%
Total calls 2.88M 3.23M -10.9%
Total put/call ratio 1.0 0.7 +34.4%
Largest owners
Shares Value Change
BLK Blackrock 3.41M $84M -0.4%
Vanguard 2.58M $63.58M +1.5%
Etf Managers 2.57M $64.35M -20.4%
Merida Capital Partners 1.78M $71.44M 0.0%
AdvisorShares Investments 1.46M $35.96M +7.9%
STT State Street 1.02M $25.18M -1.4%
FHI Federated Hermes 1M $24.67M -6.1%
Geode Capital Management 931.48K $22.98M +3.4%
SLFPY Standard Life Aberdeen 886K $21.86M NEW
JW Asset Management 805K $19.86M -36.5%
Largest transactions
Shares Bought/sold Change
Driehaus Capital Management 0 -1.36M EXIT
SLFPY Standard Life Aberdeen 886K +886K NEW
Etf Managers 2.57M -658.95K -20.4%
JW Asset Management 805K -463.5K -36.5%
Marshall Wace 133.11K -394.29K -74.8%
Susquehanna International 368.59K +290.36K +371.2%
D. E. Shaw & Co. 225.45K +209.73K +1333.9%
Amundi 4.86K -203.82K -97.7%
Voloridge Investment Management 256.26K +189.33K +282.9%
Allianz Asset Management GmbH 0 -186.48K EXIT

Financial report summary

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Management Discussion
  • Revenue in 2020 was up 142.5% year over year, to $193.4 million. Adjusted EBITDA, for 2020 was approximately $19.2 million an increase of approximately $13.9 million or 265% over 2019. Adjusted EBITDA per basic share, for 2020 was $0.44 compared to $0.16 for 2019. Our same store sales were up approximately 63% year over year. Store income as a percentage of revenue increased from 14.9% of revenues in 2019 to 16.7 % of revenues in 2020. Income from store operations increased $20.4 million, from $11.9 million in 2019 to $32.3 million in 2020. We saw significant revenue increases in all key markets, Maine up 144%, Oklahoma up 255%, Michigan up 243%, and Rhode Island up 150%. Our e-commerce store, GrowGeneration.com had revenues of approximately $10.6 million in 2020 up 123% from 2019. Our commercial division generated approximately $49 million in revenue all of which is reflected in store revenues versus $17 million in 2019, an increase of 188%. With our significant top line revenue growth, we reduced our store operating expenses to 9.7% of revenues in 2020 compared to 12.7% in 2019 and our corporate overhead, excluding non-cash share-based compensation and depreciation, declined to 7% as a percentage of our revenue for 2020 compared to 8.5% of revenues for 2019.
Content analysis
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Removed: CA, employ, MI, noncancelable, sell