![HYDROFARM HOLDINGS GROUP, INC. [HYFM] reports annual net loss of $64,813,000.0](/_next/image?url=https%3A%2F%2F10kinfo-appdata.s3.us-west-2.amazonaws.com%2Fedgar0105%2FCompanyLogos%2FUS%2FHYFM.png&w=3840&q=75)
HYDROFARM HOLDINGS GROUP, INC. [HYFM] reports annual net loss of $64,813,000.0
Company Reports Revenue of $226.6 million
By USInMinutes
Published - Feb 29, 2024, 12:43 PM ET
Last Updated - Feb 29, 2024, 12:43 PM EST
HYDROFARM HOLDINGS GROUP, INC. [HYFM] has reported a net loss of $64,813,000.0 for year ended Dec 31, 2023.
The Company said in a filing before the Securities and Exchange Commission that its total revenue for the year was $226.6 million
Based in SHOEMAKERSVILLE, Pennsylvania, HYDROFARM HOLDINGS GROUP, INC. operates in the WHOLESALE sector.
In the financial report for the 12 months ended December 31, 2023, compared to the same period in 2022, the following key figures were observed:
- Net sales for the period were $226.58 million in 2023, down from $344.50 million in 2022, reflecting a decrease in revenue.
- Cost of goods sold in 2023 amounted to $188.97 million, compared to $315.17 million in 2022, indicating a reduction in expenses.
