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GROWLIFE, INC. (PHOT) Gross Margin (2016 - 2023)

Growlife (PHOT) has disclosed Gross Margin for 13 consecutive years, with 70.33% as the latest value for Q2 2023.

  • On a quarterly basis, Gross Margin rose 2237.0% to 70.33% in Q2 2023 year-over-year; TTM through Jun 2023 was 1.7%, a 7752.0% increase, with the full-year FY2020 number at 42.57%, up 1155.0% from a year prior.
  • Gross Margin was 70.33% for Q2 2023 at Growlife, up from 48.28% in the prior quarter.
  • In the past five years, Gross Margin ranged from a high of 70.33% in Q2 2023 to a low of 212.69% in Q4 2021.
  • A 5-year average of 25.24% and a median of 35.07% in 2020 define the central range for Gross Margin.
  • Peak YoY movement for Gross Margin: tumbled -26587bps in 2021, then surged 23570bps in 2022.
  • Growlife's Gross Margin stood at 24.19% in 2019, then soared by 120bps to 53.17% in 2020, then plummeted by -500bps to 212.69% in 2021, then skyrocketed by 111bps to 23.01% in 2022, then soared by 206bps to 70.33% in 2023.
  • Per Business Quant, the three most recent readings for PHOT's Gross Margin are 70.33% (Q2 2023), 48.28% (Q1 2023), and 23.01% (Q4 2022).