Reported 2 days ago
Grove Collaborative Holdings, Inc. (NYSE: GROV) reported a 15.5% year-over-year decline in second-quarter revenue to $44.0 million, though it showed a slight quarter-on-quarter increase of 1.1%. The company recorded a net loss of $3.6 million compared to a larger loss of $10.1 million in the same quarter last year, with an adjusted EBITDA of $(0.9) million. Despite facing challenges from their eCommerce platform transition, CEO Jeff Yurcisin highlighted signs of recovery, including sequential revenue and order growth, as the company focuses on providing sustainable products.
Source: YAHOO