AeroGrow (AERO) Reports Q3 Loss of $0.15/Share

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Go back to AeroGrow (AERO) Reports Q3 Loss of $0.15/Share

AeroGrow Reports Results for the First Quarter Ended June 30, 2015

August 10, 2015 4:30 PM EDT

BOULDER, CO -- (Marketwired) -- 08/10/15 -- AeroGrow International, Inc. (OTCQB: AERO) ("AeroGrow" or the "Company"), which sells the Miracle-Gro AeroGarden line of high-output, soil-free indoor gardens, seed pod kits and hydroponic nutrients, announced results for the first quarter ended June 30, 2015.

For the quarter ended June 30, 2015 the Company recorded total revenue of $1.6 million, a decrease of 6.8% versus the same period in the prior year. The adjusted EBITDA loss for the quarter was $718,000.

"The June quarter marks the nadir of our traditional summer slow period, with sales in the quarter representing less than... More