Exhibit 99.1
 
AeroGrow Reports Strong Second Quarter Results

·
Net Revenue up 156% to $5.7 million
·
Significantly Improved Operating Results
·
Big Sales Increases in e-Commerce and Retail Channels
·
New Products Launching in November

Boulder, CO - (November 13, 2017) - AeroGrow International, Inc. (OTCQB: AERO) ("AeroGrow" or the "Company"), which is the manufacturer and distributor of the world’s leading indoor gardening systems – the AeroGarden line of Smart Countertop Gardens  – announced results for the second quarter of its fiscal year, ended September 30, 2017.
For the quarter ended September 30, 2017 the Company recorded net revenue of $5.7 million, an increase of 156% over the same period in the prior year.  Loss from operations was $129K, improved from a loss of $627K in the prior year period. 
“I’m very pleased to share our Fiscal Year 2018 second quarter results with you, which were strong by every measure,” said AeroGrow President & CEO J. Michael Wolfe.  “Sales were up 156%, led by strong load-in sales to our growing list of retail partners and continued gains in our e-commerce sales platforms.  Loss from operations was also greatly improved – by over 80% -- to just $129K.  Having begun the year with nearly $9 million of cash on hand, our cash position as of September 30th was $1.4 million as we purchased inventory in support of what we anticipate will be a significant holiday selling season.  We continued to have no debt as of September 30.
“We have been focused on three key goals for our Fiscal Year 2018:  (1) increasing our presence on the web by expanding our programs at Amazon platforms worldwide and by adding several key new .com retailers, (2) increasing our retail distribution in terms of number of stores and partners, and (3) launching several innovative new products.  We have successfully executed on each of these initiatives as we enter our critical holiday selling season.
“I think you’ll be impressed at all the places you’ll be able to find the AeroGarden this fall.  In addition to Bed, Bath & Beyond, QVC and Sur La Table – where we collectively had solid success last year – we’ll also be prominently featured at many other top flight retailers such as Macy’s, Kohl’s, Home Depot and others in the U.S.  We’ll also be in Canadian Tire Stores and Hudson’s Bay in Canada and will be expanding our presence on Amazon platforms throughout Europe and conducting small tests with other UK retailers.  All of this will be in addition to growing our established programs on Amazon.com, Amazon.ca (Canada) and our own Direct Response business.
“We’ve also successfully launched several new and innovative products.  You’ll see more Wi-Fi enabled AeroGardens this fall, including the all new Harvest Wi-Fi, which is planned to be featured by Amazon.com as their Cyber Monday Deal of the Day.   We’ll also be launching two exciting and entirely new products this fall:  (1) The AeroGarden Farm; and (2) The AeroGarden Herbie, the first-ever AeroGarden designed exclusively for kids.  The Farm will be by far our most advanced indoor garden ever with 24 pods, automatically-adjustable 120 watt LED grow lights, and 24 inches of growing height to offer our biggest and best growing experience yet.  The beta testing we’ve done with the Farm has been incredible…I think this is truly going to be a game changer for not only our company but potentially for the indoor gardening market as a whole.  While we’ll only “soft launch” the AeroGarden Herbie this fall, we think it represents a potentially huge market for us – especially when you think about the possibility getting kids interested in gardening at an early age and selling to parents, grandparents and even schools.
“I’m also excited about the marketing programs that we’ve been putting together to help drive our sell-thru for this year, with an expanded television investment, a number of new digital and social initiatives, and many co-op programs that we’ll be driving in conjunction with our retail partners.   Our Public Relations efforts are also on the up-tick – for example we were recently prominently featured on the Harry Connick Jr. show.  If you have a minute you can take a look at a clip from the show by clicking on this link:     Harry Connick Jr. AeroGrow clip


The following information was filed by Aerogrow International, Inc. (AERO) on Monday, November 13, 2017 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-Q Quarterly Report statement of earnings and operation as management may choose to highlight particular information in the press release.

View differences made from one quarter to another to evaluate Aerogrow International, Inc.'s financial trajectory

Compare SEC Filings Year-over-Year (YoY) and Quarter-over-Quarter (QoQ)
Sample 10-K Year-over-Year (YoY) Comparison

Compare this 10-Q Quarterly Report to its predecessor by reading our highlights to see what text and tables were  removed  ,   added    and   changed   by Aerogrow International, Inc..

Continue

Never Miss A New SEC Filing Again


Real-Time SEC Filing Notifications
Screenshot taken from Gmail for a new 10-K Annual Report
Last10K.com Member Feature

Receive an e-mail as soon as a company files an Annual Report, Quarterly Report or has new 8-K corporate news.

Continue

We Highlighted This SEC Filing For You


SEC Filing Sentiment Analysis - Bullish, Bearish, Neutral
Screenshot taken from Wynn's 2018 10-K Annual Report
Last10K.com Member Feature

Read positive and negative remarks made by management in their entirety without having to find them in a 10-K/Q.

Continue

Widen Your SEC Filing Reading Experience


Increased Reading Area for SEC Filings
Screenshot taken from Adobe Inc.'s 10-Q Quarterly Report
Last10K.com Member Feature

Remove data columns and navigations in order to see much more filing content and tables in one view

Continue

Uncover Actionable Information Inside SEC Filings


SEC Filing Disclosures
Screenshot taken from Lumber Liquidators 10-K Annual Report
Last10K.com Member Feature

Read both hidden opportunities and early signs of potential problems without having to find them in a 10-K/Q

Continue

Adobe PDF, Microsoft Word and Excel Downloads


Download Annual and Quarterly Reports as PDF, Word and Excel Documents
Screenshots of actual 10-K and 10-Q SEC Filings in PDF, Word and Excel formats
Last10K.com Member Feature

Export Annual and Quarterly Reports to Adobe PDF, Microsoft Word and Excel for offline viewing, annotations and analysis

Continue

FREE Financial Statements


Download Annual and Quarterly Reports as PDF, Word and Excel Documents
Screenshot of actual balance sheet from company 10-K Annual Report
Last10K.com Member Feature

Get one-click access to balance sheets, income, operations and cash flow statements without having to find them in Annual and Quarterly Reports

Continue for FREE

Intrinsic Value Calculator


Intrinsic Value Calculator
Screenshot of intrinsic value for AT&T (2019)
Last10K.com Member Feature

Our Intrinsic Value calculator estimates what an entire company is worth using up to 10 years of financial ratios to determine if a stock is overvalued or not

Continue

Financial Stability Report


Financial Stability Report
Screenshot of financial stability report for Coco-Cola (2019)
Last10K.com Member Feature

Our Financial Stability reports uses up to 10 years of financial ratios to determine the health of a company's EPS, Dividends, Book Value, Return on Equity, Current Ratio and Debt-to-Equity

Continue

Get a Better Picture of a Company's Performance


Financial Ratios
Available Financial Ratios
Last10K.com Member Feature

See how over 70 Growth, Profitability and Financial Ratios perform over 10 Years

Continue

Log in with your credentials

or    

Forgot your details?

Create Account