Grove Collaborative Holdings, Inc. reported $44.0 million in second quarter revenue, a 15.5% decrease year-over-year but a 1.1% increase from the prior quarter. The company also posted a net loss of $3.6 million, an improvement from the $10.1 million loss in the same period last year.

Despite the revenue decline, Grove Collaborative saw an improvement in Gross Margin to 55.4%, up 150 basis points. CEO Jeff Yurcisin emphasized the company’s commitment to providing curated, sustainable products for conscientious consumers. The second quarter brought challenges, but also signs of recovery with sequential revenue and order growth.

Read more at Yahoo Finance: Grove Collaborative Posts Drop in 2Q Revenue But Bullish Outlook