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GRVI - Grove CEO provides company update on sales and beyond
Grove Inc.
Grove ( NASDAQ: GRVI ) CEO Allan Marshall provides corporate update and mentions that the company hit both our projected growth and profitability targets while remaining cash flow positive.
Sales rose by an estimated 100% over 2021 with a compounded two-year sales growth rate of over 500%.
The company announced incremental quarterly growth going into our 2023 fiscal year.
Company's acquisition strategy was slowed by extremely high valuations in the private sector.