Grove Collaborative Holdings ( (GROV) ) has provided an announcement.
Grove Collaborative Holdings, a sustainable consumer products company, reported its third-quarter 2024 results, highlighting a $15 million investment from Volition Capital and a strategic exit from brick-and-mortar retail to focus on direct-to-consumer sales. The company achieved its fourth consecutive quarter of positive operating cash flow and aims for sustainable growth by balancing customer education on environmental and human health. Despite a decline in revenue, Grove is committed to profitability and reducing debt, forecasting sequential growth as it refines its e-commerce strategy.
See more data about GROV stock on TipRanks’ Stock Analysis page.
