GeoInvesting is initiating a small position in Aerogrow Intl. (AERO), as it appears to be one of the few legitimate marijuana plays we have tracked over the last several years. Due to the company’s business model, we aim to determine if AERO is getting a lift from the trend related to the legalization of marijuana. AeroGrow is engaged in the development, marketing, direct-selling, and wholesale of indoor garden systems for consumer use to the gardening, cooking, healthy eating, and home and office dÃ©cor markets worldwide.
Blow Out Earnings
AERO had blow out Q3 2015 financial results and provided commentary that it can continue to post solid financial results after rectifying some operational issues.
- For the three months ended December 31, 2014, the Company recorded total revenue of $11.0 million, an increase of 121% over the same period in the prior year.
- Q3 2015 EPS of $0.15 vs $0.01 in the prior year
“We are very proud of these results and the progress that we have made. We now look forward to building on everything we learned during the Fall of 2014 and continuing our trend of strong growth in Fiscal 2016 and beyond.”
We will review the earnings conference call today.
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