GrowGeneration Corp. has announced its financial results for the first quarter of 2025. The company's net sales amounted to $35.7 million, a decrease from $47.9 million reported in the first quarter of 2024. This decline was primarily attributed to the consolidation of 19 retail locations during 2024. Despite the reduction in net sales, GrowGeneration achieved a gross profit margin of 27.2%, up from 25.8% in the corresponding period last year. The company reported a net loss of $9.4 million, compared to a net loss of $8.8 million in the same period of the previous year. Adjusted EBITDA loss was $4.0 million, an increase from a loss of $2.9 million in the first quarter of 2024. Store and other operating expenses decreased by approximately 17.3% to $8.8 million, down from $10.6 million for the same period last year. Proprietary brand sales as a percentage of Cultivation and Gardening net sales increased to 32.0%, up from 22.6% in the first quarter of 2024, reflecting the company's focus on enhancing its product portfolio. GrowGeneration's cash, cash equivalents, and marketable securities totaled $52.6 million, with no debt. Looking ahead, the company has set its second-quarter revenue outlook to exceed $40 million. GrowGeneration continues its strategic transformation, aiming for sustainable revenue growth, margin expansion, and long-term profitability. The company is also focusing on its GrowGen Pro Portal and plans to transition to a regional fulfillment center model, which may involve further store rationalizations in the coming year.