Brief: Growgeneration Reports Record Fourth Quarter And Full-Year 2020 Financial Results And Raises Full-Year 2021 Guidance

GrowGeneration

25/03/2021 24:02

March 24 (Reuters) - GrowGeneration Corp  GRWG.O :
    * GROWGENERATION REPORTS RECORD FOURTH QUARTER AND FULL-YEAR
2020
FINANCIAL RESULTS AND RAISES FULL-YEAR 2021 GUIDANCE
    * SEES Q1 REVENUE $86 MILLION TO $88 MILLION
    * SEES FY 2021 REVENUE $415 MILLION TO $430 MILLION
    * 2021 FULL-YEAR ADJUSTED EBITDA GUIDANCE UPDATED TO $48.0
MILLION-$51.0 MILLION
    * SEES Q1 2021 ADJUSTED EBITDA GUIDANCE $9.0-$9.5 MILLION
    * Q4 REVENUES INCREASED TO $62.0 MILLION, AN INCREASE OF
144%
    * ADJUSTED EBITDA WAS $5.6 MILLION FOR Q4 OF 2020, COMPARED
TO
$0.91 MILLION, FOR SAME PERIOD LAST YEAR, AN INCREASE OF 515%

Source text for Eikon:  ID:nPn3S51zya 
Further company coverage:  GRWG.O 

 ((Reuters.Briefs@thomsonreuters.com;))