Growgeneration Corp (GRWG)

[DropLine]

Stellar earning report... THEY ARE PROFITABLE!... should be $6-$7 min based on their numbers...

Adjusted EBITDA of $615,509 for Q1 2019 compared to adjusted EBITDA of $(366,945) for Q1 2018.
Net income of $229,421 for Q1 2019 compared to a net loss of $(953,430) for Q1 2018.
Revenue of $13.1 million up $8.7 million or 199% over Q1 2018 revenues of $4.4 million .
Same store sales were up 42% for Q1 2019 compared to Q1 2018.
Acquired stores in Denver, CO , Palm Springs, CA and Reno, NV , and opened Tulsa, OK and Brewer, ME locations in 2019.
Gross profit margin percentage was 28.2% for Q1 2019 compared to 27.1% for Q1 2018.
Store operating costs, as a percentage of revenue, have declined 26% from 20.4% for Q1 2018 to 15% for Q1 2019.
Corporate overhead declined 107%, from 21.8% of revenues for Q1 2018 to 10.5% of revenue for Q1 2019.
The Company had $6.6 million in cash and cash equivalents at March 31, 2019 .
As of March 31, 2019 , the Company had working capital of $17.4 million compared to working capital of $21.6 million at December 31, 2018 .

https://finance.yahoo.com/news/growgeneration-reports-record-q1-2019-130000460.html