Aerogrow International, Inc. reported unaudited consolidated earnings results for the third quarter and nine months ended December 31, 2009. For the quarter, the company reported revenue of $7,939,248, loss from operations of $443,016 and net loss of $710,667 or $0.06 per basic and diluted share compared to revenue of $11,010,885, loss from operations of $3,993,279 and net loss of $4,402,222 or $0.35 per basic and diluted share over the same period last year. Despite lower sales than in the same quarter last year, the Company did achieve a near-breakeven EBIDTA of approximately $180,000, a bottom line EBITDA improvement of $3.6 million. This turnaround is the result of the cost-cutting and other profitability measures taken by the company in the last twelve months, and continuing, as it reduced staff related to its retail operations. The decline in sales principally reflected a 35.1% reduction in sales to retailers, caused in part by more conservative product, procurement, and inventory management strategies being executed by major retail chains during the current year period, as well as the continuing effects of the recession, which adversely affected the levels of consumer spending on discretionary products. The decreased loss from operations principally reflected the impact of the higher gross margin, combined with the significant decrease in operating expenses other than cost of revenue. For the nine months, the company reported revenue of $14,204,890, loss from operations of $3,873,227 and net loss of $3,537,653 or $0.28 per basic and diluted share compared to revenue of $31,585,896, loss from operations of $6,020,046 and net loss of $6,801,201 or $0.56 per basic and diluted share over the same period last year.

On 02/17/2010, Aerogrow International, Inc. announced that they will be unable to file their next 10-Q by the deadline required by the SEC.

Aerogrow International, Inc., Q3 2010 Earnings Call, Feb-18-2010