PHOT · Growlife, Inc. - Financials
Annual line items from SEC XBRL filings, sourced from EDGAR's Company Facts API with fallback to the quarterly Financial Statement Data Sets. See issuer overview for Form 4 activity and 10-K signals.
Income Statement
| Line item | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 | Q1 '22 | Q4 '21 | Q3 '21 | Q2 '21 | Q1 '21 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $147.4K | $79.3K | - | $225.9K | $314.9K | $860.4K | - | $1.23M | $2.17M | $1.67M |
| Cost of Revenue | $43.7K | $41.0K | - | $149.9K | $163.9K | $442.7K | - | $815.8K | $889.4K | $776.6K |
| Gross Profit | $103.7K | $38.3K | - | $76.0K | $151.0K | $417.7K | - | $416.4K | $1.28M | $896.3K |
| R&D | - | - | - | - | - | - | - | - | - | - |
| SG&A | - | - | - | - | - | - | - | $924.9K | $1.08M | $1.06M |
| Total Operating Expenses | - | $257.5K | - | - | - | - | - | - | - | - |
| D&A | - | $9.8K | - | - | - | $14.0K | - | - | - | $9.0K |
| Operating Income | ($575.1K) | ($610.0K) | - | ($616.2K) | ($930.1K) | ($576.2K) | - | ($508.5K) | $204.0K | ($164.1K) |
| Interest Expense | $1.79M | $627.9K | - | $270.5K | $570.6K | $137.2K | - | $435.9K | $661.1K | $783.5K |
| Income Tax | - | - | - | $29.4K | $214.1K | $35.0K | - | - | - | - |
| Net Income | ($3.38M) | ($1.02M) | - | ($825.8K) | ($1.68M) | ($609.1K) | - | ($609.7K) | ($909.2K) | ($2.88M) |
| EPS - Basic | - | - | - | - | - | - | - | - | - | - |
| EPS - Diluted | - | - | - | - | - | - | - | - | - | - |
Balance Sheet
| Line item | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 | Q1 '22 | Q4 '21 | Q3 '21 | Q2 '21 | Q1 '21 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $5.4K | $117.5K | $94.2K | $40.4K | $277.6K | $448.6K | $363.9K | $1.22M | $1.23M | $1.53M |
| Accounts Receivable | $2.0K | - | - | $20.9K | $58.9K | $39.2K | $366.8K | $57.1K | $822.0K | $528.5K |
| Inventory | $21.1K | $23.2K | - | $1.11M | $1.23M | $1.22M | $1.30M | $1.30M | $1.02M | $869.9K |
| Accounts Payable | $811.3K | $671.0K | $850.6K | $948.9K | $960.1K | $992.1K | $1.15M | $1.16M | $1.06M | $1.16M |
| Current Assets | $40.6K | $219.9K | $254.2K | $1.28M | $1.67M | $1.73M | $2.21M | $2.76M | $3.10M | $2.94M |
| Total Assets | $200.6K | $935.9K | $254.2K | $2.71M | $3.28M | $3.56M | $4.11M | $4.53M | $5.08M | $5.15M |
| Current Liabilities | $11.56M | $9.17M | $8.66M | $9.98M | $10.35M | $9.16M | $9.71M | $9.49M | $10.07M | $11.19M |
| Long-term Debt | - | - | - | - | - | - | - | - | - | - |
| Total Liabilities | - | - | - | $59.1K | $136.9K | $243.9K | - | $696.1K | $777.9K | - |
| Stockholders' Equity | ($11.36M) | ($8.23M) | ($8.41M) | ($7.33M) | ($7.21M) | ($5.85M) | ($5.93M) | ($5.65M) | ($5.77M) | ($6.89M) |
| Retained Earnings | ($169.19M) | ($165.81M) | ($164.80M) | ($163.43M) | ($162.61M) | ($160.92M) | ($160.31M) | ($159.24M) | ($158.63M) | ($157.72M) |
Cash Flow
| Line item | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 | Q1 '22 | Q4 '21 | Q3 '21 | Q2 '21 | Q1 '21 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | - | ($427.6K) | - | - | - | ($166.2K) | - | - | - | $106.1K |
| Investing Cash Flow | - | ($4.1K) | - | - | - | $0 | - | - | - | - |
| Financing Cash Flow | - | $455.0K | - | - | - | $251.0K | - | - | - | $1.04M |
| CapEx | - | $0 | - | - | - | $0 | - | - | - | - |
| Free Cash Flow | - | ($427.6K) | - | - | - | ($166.2K) | - | - | - | - |
Ratios
| Metric | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 | Q1 '22 | Q4 '21 | Q3 '21 | Q2 '21 | Q1 '21 |
|---|---|---|---|---|---|---|---|---|---|---|
| Profitability | ||||||||||
| Gross margin | 70.3% | 48.3% | - | 33.6% | 48.0% | 48.5% | - | 33.8% | 59.0% | 53.6% |
| Operating margin | -390.2% | -769.7% | - | -272.8% | -295.4% | -67.0% | - | -41.3% | 9.4% | -9.8% |
| EBITDA margin | - | -757.3% | - | - | - | -65.3% | - | - | - | -9.3% |
| Net margin | -2291.1% | -1283.2% | - | -365.5% | -534.7% | -70.8% | - | -49.5% | -41.9% | -172.0% |
| Free cash flow margin | - | -539.4% | - | - | - | -19.3% | - | - | - | - |
| FCF / Net income | - | 0.42 | - | - | - | 0.27 | - | - | - | - |
| R&D / Revenue | - | - | - | - | - | - | - | - | - | - |
| SG&A / Revenue | - | - | - | - | - | - | - | 75.1% | 49.6% | 63.4% |
| Effective tax rate | - | - | - | - | - | - | - | - | - | - |
| Return on assets | -1683.3% | -108.7% | - | -30.5% | -51.3% | -17.1% | - | -13.5% | -17.9% | -55.9% |
| Return on equity | 29.7% | 12.4% | - | 11.3% | 23.4% | 10.4% | - | 10.8% | 15.8% | 41.8% |
| Return on invested capital | - | - | - | - | - | - | - | - | - | - |
| Liquidity | ||||||||||
| Current ratio | 0.00 | 0.02 | 0.03 | 0.13 | 0.16 | 0.19 | 0.23 | 0.29 | 0.31 | 0.26 |
| Quick ratio | 0.00 | 0.02 | 0.03 | 0.02 | 0.04 | 0.06 | 0.09 | 0.15 | 0.21 | 0.19 |
| Cash ratio | 0.00 | 0.01 | 0.01 | 0.00 | 0.03 | 0.05 | 0.04 | 0.13 | 0.12 | 0.14 |
| Leverage | ||||||||||
| Debt / Equity | - | - | - | - | - | - | - | - | - | - |
| Debt / Assets | - | - | - | - | - | - | - | - | - | - |
| Debt / EBITDA | - | - | - | - | - | - | - | - | - | - |
| Interest coverage | -0.3x | -1.0x | - | -2.3x | -1.6x | -4.2x | - | -1.2x | 0.3x | -0.2x |
| Equity multiplier | -0.02 | -0.11 | -0.03 | -0.37 | -0.46 | -0.61 | -0.69 | -0.80 | -0.88 | -0.75 |
| Liabilities / Assets | - | - | - | 0.02 | 0.04 | 0.07 | - | 0.15 | 0.15 | - |
| Efficiency | ||||||||||
| Asset turnover | 0.73 | 0.08 | - | 0.08 | 0.10 | 0.24 | - | 0.27 | 0.43 | 0.33 |
| Inventory turnover | 2.07 | 1.77 | - | 0.14 | 0.13 | 0.36 | - | 0.63 | 0.87 | 0.89 |
| Days sales outstanding | 5d | - | - | 34d | 68d | 17d | - | 17d | 138d | 115d |
| Days inventory outstanding | 176d | 206d | - | 2693d | 2743d | 1009d | - | 581d | 420d | 409d |
| Days payable outstanding | 6770d | 5975d | - | 2310d | 2138d | 818d | - | 519d | 436d | 546d |
| Cash conversion cycle | -6589d | - | - | 417d | 673d | 207d | - | 79d | 123d | -22d |
| Valuation | ||||||||||
| P / E | - | - | - | - | - | - | - | - | - | - |
| P / B | - | - | - | - | - | - | - | - | - | - |
| P / S | - | - | - | - | - | - | - | - | - | - |
| EV / EBITDA | - | - | - | - | - | - | - | - | - | - |
| Growth | ||||||||||
| Revenue growth (YoY) | -53.2% | -90.8% | - | -81.7% | -85.5% | -48.6% | - | -13.0% | 17.3% | 0.7% |
| Revenue CAGR (3y) | -57.0% | -63.7% | - | -53.9% | -47.7% | -27.4% | - | 8.9% | 21.5% | 33.1% |
| Revenue CAGR (5y) | -34.3% | -35.5% | - | -19.3% | -9.6% | 13.0% | - | 43.9% | 52.6% | 29.0% |
| Gross profit growth (YoY) | -31.4% | -90.8% | - | -81.8% | -88.2% | -53.4% | - | -16.1% | 75.9% | 37.2% |
| Operating income growth (YoY) | 38.2% | -5.9% | - | -21.2% | - | -251.1% | - | 32.4% | - | 76.7% |
| Net income growth (YoY) | -100.6% | -67.0% | - | -35.4% | -85.2% | 78.8% | - | 42.6% | -48.9% | -122.4% |
| EPS growth (YoY) | - | - | - | - | - | - | - | - | - | - |
| EPS CAGR (3y) | - | - | - | - | - | - | - | - | - | - |
| EPS CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| FCF growth (YoY) | - | -157.3% | - | - | - | - | - | - | - | - |
| FCF CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| Book value growth (YoY) | -57.6% | -40.8% | -41.7% | -29.6% | -24.9% | 15.1% | 17.3% | -2.0% | -5.5% | -20.0% |
Peer comparison
Same SIC group: Glass Products, Made of Purchased Glass
| Company | Revenue (last FY) | Net margin | ROE |
|---|---|---|---|
| APOG | $1.40B | 3.9% | 10.6% |
Comparing GROWLIFE against the 1 most active filer in the same SIC group.