To grow and achieve profitability over the longer term, we will need to re-invest to expand our DTC business and achieve a scale that will allow us to drive efficiencies in generating brand awareness, acquiring and retaining customers, creating operating leverage over headcount and other overhead, and fulfilling orders.

filing / Aug 6, 2026 / receipt

We have undertaken several cost-saving initiatives over the past two years, including most recently a reduction in our corporate workforce of approximately 30% in November 2025 to reduce our sales, general and administrative expenses.

filing / Aug 6, 2026 / receipt

To grow and achieve profitability over the longer term, we will need to re-invest to expand our DTC business and achieve a scale that will allow us to drive efficiencies in generating brand awareness, acquiring and retaining customers, creating operating leverage over headcount and other overhead, and fulfilling orders.

filing / May 7, 2026 / receipt

In November 2025, we executed a reduction in force as part of an initiative to streamline selling, general, and administrative expenses, which has lowered our ongoing cost structure.

filing / May 7, 2026 / receipt

performance, future results of operations, future advantages in transitioning the operation of our ecommerce platform to third parties, factors affecting our future operating performance, the impact of our expense reduction efforts, our ability to raise funds and the sufficiency of our available resources to enable us to meet our obligations for at least one year.

filing / May 7, 2026 / receipt

For example, the employment of our Chief Financial Officer and Chief Technology Officer recently terminated and our board of directors recently appointed an interim Chief Financial Officer who became our Chief Financial Officer in October 2025.

filing / May 7, 2026 / receipt

Full year 2026 Adjusted EBITDA is expected to be breakeven to positive low single digit millions, raised from the prior range of approximately breakeven.

ir_statement / Sep 16, 2026 / receipt

The Company now expects full-year Net Revenue of approximately $142.5 million to $152.5 million, raised from the prior range of $140 million to $150 million.

ir_statement / Sep 16, 2026 / receipt

ahead of expectations; Q1 represents the expected trough with sequential growth expected each quarter through year-end

ir_statement / Sep 16, 2026 / receipt

structural cost improvements are holding

ir_statement / Sep 16, 2026 / receipt

supporting a measured re-acceleration of advertising investment

ir_statement / Sep 16, 2026 / receipt

Gross Margin expansion driven by targeted promotions following the launch of Grove Green Rewards loyalty program in Q4 2025

ir_statement / Sep 16, 2026 / receipt