Hydrofarm Q3 net sales down 33.3% YoY to $29.4mln, gross profit margin down to 11.6%.

• Hydrofarm Q3 net sales down to $29.4mln from $44mln YoY • Gross profit margin falls to 11.6% from 19.4% • Adjusted gross profit margin drops to 18.8% from 24.3% • SG&A expense decreases by 6.8% • Adjusted EBITDA at $(4.4)mln vs less than $0.1mln • Cash used in operating activities improves by $4.4mln • Free cash flow improves by $5.1mln