Urban gro Inc   (UGRO)
Other Ticker:  
Price: $1.5500 $-0.04 -2.516%
Day's High: $1.64 Week Perf: -5.49 %
Day's Low: $ 1.53 30 Day Perf: -29.55 %
Volume (M): 33 52 Wk High: $ 2.84
Volume (M$): $ 51 52 Wk Avg: $1.50
Open: $1.53 52 Wk Low: $1.00

 Market Capitalization (Millions $) 17
 Shares Outstanding (Millions) 11
 Employees -
 Revenues (TTM) (Millions $) 71
 Net Income (TTM) (Millions $) -19
 Cash Flow (TTM) (Millions $) -11
 Capital Exp. (TTM) (Millions $) 1

Urban Gro Inc
Urban Gro Inc is a company that specializes in providing innovative solutions for urban agriculture. They offer a range of products and services including hydroponic systems, vertical farming solutions, and LED grow lights. Their aim is to improve the access and availability of fresh and sustainable food in urban environments. With a focus on energy efficiency and environmental sustainability, Urban Gro Inc has established itself as a leader in the urban agriculture industry.

   Company Address: 1751 Panorama Point Lafayette 80026 CO
   Company Phone Number: 390-3880   Stock Exchange / Ticker: NASDAQ UGRO


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Urban Gro Inc

Urban Gro Inc Struggles as Revenue Plummets in Fourth Quarter of 2023

Urban Gro Inc (NASDAQ: UGRO) has been experiencing significant challenges in recent quarters, with lower demand resulting in diminishing revenue and larger losses. In the fourth quarter of 2023, the company reported a staggering loss of $-0.37 per share, while revenue plunged by -8.844% to just $15.79 million compared to the previous year. This represents a worrying trend for investors, as in the previous reporting period, Urban Gro Inc generated revenue of $20.86 million and managed to limit losses to $-0.29 per share.
The company's performance in the fourth quarter of 2023 was particularly disappointing, with a net loss of $-4.725 million, marking an increase from the $-4.182 million loss in the same period a year ago. Moreover, the build-up of accounts receivable is another alarming signal, suggesting a decline in demand and potential liquidity issues. Accounts receivables were valued at a staggering $27.0 million, significantly higher than the preceding quarter.


urban-gro, Inc. Sets Sights on Revolutionizing Cannabis Industry with $20 Million Design-Build Contract

Published Tue, Jan 2 2024 1:15 PM UTC

urban-gro, Inc. Secures $20 Million Design-Build Contract to Revolutionize the Cannabis Industry LAFAYETTE, Colo., Jan. 02, 2024 - urban-gro, Inc. (Nasdaq: UGRO), a leading integrated professional services consulting firm, has exciting news that will undoubtedly make waves in the rapidly evolving cannabis industry. The Company recently announced the successful acquisition of...

Financing Agreement

urban-gro, Inc. Bolsters Expansion Plans with $10 Million Lending Facility as Quick Ratio Stalls in Third Quarter 2023

Published Mon, Dec 18 2023 1:15 PM UTC

In a recent press release, urban-gro, Inc., a leading professional services and consulting firm, has proudly announced the finalization of a substantial interest-only revolving asset-based lending facility. The facility, valued at an impressive $10 million, has been secured by UG Construction, Inc., urban-gro's wholly-owned construction subsidiary. While this achie...

Product Service News

Urban-gro, Inc. Secures Groundbreaking $9.6 Million Contract with Major CPG Client, Expanding its Footprint in the Southwest United States.

Published Thu, Nov 30 2023 2:05 PM UTC

Urban-gro, Inc. Secures $9.6 Million Design-Build Contract with Major CPG Client: A Boost for Southwest United States Project
LAFAYETTE, Colo., Nov. 30, 2023 - Urban-gro, Inc. (Nasdaq: UGRO), an integrated professional services and consulting firm, recently announced that it has been awarded a significant $9.6 million industrial design-build contract. Urban-gro, known fo...

Urban Gro Inc

Urban Gro Inc Shows Remarkable Reduction in Third Quarter 2023 Shortfall, Reflecting Stellar Performance

As we delve deep into Urban Gro Inc's most recent fiscal period, it becomes apparent that the company's revenue has experienced an energetic advance of 68.631% to reach $20.86 million. This remarkable growth has fueled a significant reduction in losses per share, from $-0.81 in the comparable quarter last year to $-0.29. Urban Gro Inc's impressive financial achievements have outperformed many of its peers in the Construction & Mining Machinery sector.
Rapid Revenue Advancement:
Compared to other businesses in the Construction & Mining Machinery industries, Urban Gro Inc has achieved exceptional growth. In the third quarter of 2023, the business experienced a staggering 9.56% increase, outshining its competitors. This positive momentum is indicative of Urban Gro Inc's successful business strategies and its ability to stay ahead in a competitive market.


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Urban Gro Inc does not provide revenue guidance.

Earnings Outlook
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Geographic Revenue Dispersion


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