Urban-gro

Urban-Gro, Inc. is an agricultural technology systems integrator. The firm engages in manufacturing, distributing, and selling lighting, pest management, fertigation, and water and other products to the medical and recreational cannabis industry in states where operation of a cannabis production facility has been legalized. It also provides full design and expertise on climate and automated control of fertigation and irrigation systems, lighting systems, environmental, substrate and inventory monitoring, water treatment systems, and integrated pest management solutions. The company was founded by Bradley J. Nattrass and Octavio Gutierrez on March 20, 2014 and is headquartered in Lafayette, CO.

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urban-gro, Inc. is an agricultural technology systems integrator. The firm engages in manufacturing, distributing, and selling lighting, pest management, fertigation, and water and other products to the medical and recreational cannabis industry in states where operation of a cannabis production facility has been legalized. It also provides full design and expertise on climate and automated control of fertigation and irrigation systems, lighting systems, environmental, substrate and inventory monitoring, water treatment systems, and integrated pest management solutions. The company was founded by Bradley J. Nattrass and Octavio Gutierrez on March 20, 2014 and is headquartered in Lafayette, CO.

LAFAYETTE, CO / ACCESSWIRE / October 7, 2024 / urban-gro, Inc. (Nasdaq:UGRO) ("urban-gro" or the "Company"), an integrated professional services and Design-Build firm offering solutions to multiple sectors, today announced that the firm has been selected to provide full architectural and interior design services for the new Henry County Water Authority ("HCWA") project. Work is commencing immediately, and the majority of the contracted revenue is expected to be recognized by the end of the second quarter of 2025.

urban-gro Secures Contract to Provide Full Architectural and Interior Design Services on Municipal Water Authority Project in Henry County, Georgia

LAFAYETTE, CO / ACCESSWIRE / October 3, 2024 / urban-gro, Inc. (NASDAQ:UGRO) ("urban-gro" or the "Company"), an integrated professional services and Design-Build firm offering solutions to the Controlled Environment Agriculture ("CEA") and commercial sectors, today announced that the Company has signed multiple new contracts with more than fifteen clients in the cannabis sector, with aggregate expected contract revenue of approximately $12 million. The contracted scopes of work include equipment procurement as well as engineering, architecture, and design services for cultivation, extraction, and retail dispensary projects across the U.S. The Company expects the majority of revenue from these projects to be recognized by the end of the first quarter of 2025.

urban-gro Signs Approximately $12 Million in New Cannabis Sector Contracts in the Third Quarter

LAFAYETTE, CO / ACCESSWIRE / October 2, 2024 / urban-gro, Inc. (NASDAQ:UGRO) ("urban-gro" or the "Company"), an integrated professional services and Design-Build firm offering solutions to multiple sectors, today announced that the firm has been selected to provide architectural design services for Union City Fire Station #44 in Georgia. Work is commencing immediately, with the majority of the undisclosed revenue expected to be recognized by the end of the first quarter of 2025.

urban-gro, Inc. Secures Contract for Architectural Design Services on Critical Municipal Infrastructure Project in Union City, Georgia

LAFAYETTE, CO / ACCESSWIRE / September 27, 2024 / urban-gro, Inc. (NASDAQ:UGRO) ("urban-gro" or the "Company"), an integrated professional services and Design-Build firm offering solutions to multiple sectors, today announced that after more than a year of providing Mechanical, Electrical, and Plumbing (MEP) engineering services for the internationally renowned Brazilian restaurant chain, Fogo de Chão, the firm is excited to announce the award of a construction contract to build a new restaurant in Katy, Texas. The contracted scope of work includes preconstruction, construction, and post-construction services for the retrofit project.

urban-gro, Inc. Awarded Construction Contract to Build New Fogo de Chão Restaurant in Katy, Texas

LAFAYETTE, CO / ACCESSWIRE / September 24, 2024 / urban-gro, Inc. (NASDAQ:UGRO) ("urban-gro" or the "Company"), an integrated professional services and Design-Build firm offering solutions to multiple sectors, today announced that its architectural professional services division has been selected to provide design services for the renovation of the Davidson Student Center located on the Columbus State University ("CSU") Campus in Columbus, Georgia. Originally built in two phases (1968 and 1978), the Davidson Student Center is situated at the crossroads of CSU's main campus and is heavily used by the student population.

urban-gro Contracted to Provide Architectural Design Services for University Student Center Renovation at Columbus State University

LAFAYETTE, CO / ACCESSWIRE / September 3, 2024 / urban-gro, Inc. (NASDAQ:UGRO) ("urban-gro" or the "Company"), an integrated professional services and Design-Build firm offering solutions to multiple sectors, today announced that after executing a Master Services Agreement (MSA) in the third quarter of 2023, the Company has been awarded its first project with the well-known Asian culinary restaurant, P.F. Chang's. Anticipated to commence in the third quarter of 2024, the project scope of work will include the full build-out of a restaurant location in Westminster, Colorado.

urban-gro, Inc. Awarded First Project Under Master Services Agreement with P.F. Chang's, Marking a Significant Milestone in Hospitality Sector Diversification

LAFAYETTE, CO / ACCESSWIRE / August 23, 2024 / urban-gro, Inc. (NASDAQ:UGRO) ("urban-gro" or the "Company"), an integrated professional services and Design-Build firm offering solutions to the Controlled Environment Agriculture ("CEA") and other commercial sectors, today announced that the Company received a notice (the "Notice) from The Nasdaq Stock Market LLC ("Nasdaq") on August 20, 2024, stating that because the Company had not yet filed its Quarterly Report on Form 10-Q for the fiscal quarter ended June 30, 2024 (the "Form 10-Q"), the Company is no longer in compliance with Nasdaq listing Rule 5250(c)(1), which requires listed companies to timely file all required periodic financial reports with the Securities and Exchange Commission. This notification has no immediate effect on the listing of the Company's common stock on the Nasdaq Capital Market.

urban-gro, Inc. Receives Nasdaq Notification of Non-Compliance with Listing Rule 5250(c)(1)

No Expected Material Impact on Revenue, Adjusted EBITDA, or Cash Flows Expects Q2 2024 Revenue of $17.5 Million, a Sequential 13% Increase LAFAYETTE, CO / ACCESSWIRE / August 14, 2024 / urban-gro, Inc. (NASDAQ:UGRO) ("urban-gro" or the "Company"), an integrated professional services and Design-Build firm offering solutions to the Controlled Environment Agriculture ("CEA") and other commercial sectors, today announced its decision to restate its previously issued financial statements for the years ended December 31, 2022 and 2023, as well as the first quarter of 2024. As a result of the restatement process, the Company will not be able to file its Quarterly Report on Form 10-Q for the second fiscal quarter of 2024 within the filing deadline established by the Securities and Exchange Commission (the "SEC").

urban-gro, Inc. Announces Delayed 10-Q Filing and Restatement of Previously Issued Financial Statements Tied to Incorrect Accounting of Deferred Tax Liabilities Associated with Historical Acquisitions

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LAFAYETTE, CO / ACCESSWIRE / June 26, 2024 / urban-gro, Inc. (NASDAQ:UGRO) ("urban-gro" or the "Company"), an integrated professional services and Design-Build firm offering solutions to the Controlled Environment Agriculture ("CEA") and commercial sectors, today announced that the Company has signed multiple new contracts with more than a dozen clients in the cannabis sector, with aggregate expected contract revenue totaling approximately $12 million. The contract scopes include engineering, architecture, and design services, along with equipment procurement and construction management for cultivation and retail dispensary projects.

urban-gro Signs Approximately $12M in New Cannabis Sector Contracts in the Second Quarter

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LAFAYETTE, Colo., May 30, 2024 (GLOBE NEWSWIRE) -- urban-gro, Inc. (NASDAQ: UGRO) ("urban-gro" or the "Company"), an integrated professional services and Design-Build firm offering solutions to the Controlled Environment Agriculture ("CEA") and other commercial sectors, today announced the appointment of Sadler, Gibb & Associates LLC as its independent registered public accounting firm. Their appointment was made after a thorough evaluation process and has been approved by the Company's Board of Directors and its Audit Committee.

urban-gro, Inc. Announces the Appointment of Sadler, Gibb & Associates LLC as Audit Firm

urban-gro, Inc. (NASDAQ:UGRO ) Q1 2024 Earnings Conference Call April 30, 2024 4:30 PM ET Company Participants Christian Monson - Executive Vice President & General Counsel Brad Nattrass - Chairman & Chief Executive Officer Dick Akright - Chief Financial Officer Conference Call Participants Scott Fortune - ROTH MKM Eric Des Lauriers - Craig-Hallum Anthony Vendetti - Maxim Group Eric Beder - SCC Research Operator Hello, and welcome to the urban-gro First Quarter 2024 Earnings Conference Call. As a brief reminder, all participants are currently in a listen-only mode.

urban-gro, Inc. (UGRO) Q1 2024 Earnings Call Transcript

Revenue of $15.5 million, representing a sequential increase of 4% over $15.0 million General and Administrative Expenses decreased $2.8 million to $4.3 million, as compared to $7.1 million in the prior year period, and decreased $1.2 million on a sequential basis as compared to the fourth quarter 2023 Net Loss of $2.1 million, a sequential improvement of $2.6 million and an improvement of $3.0 million versus the prior year period GAAP Net Loss per share of $0.18, and Adjusted Net Loss1 per share of $0.12 Adjusted EBITDA1 of negative $0.3 million, representing a sequential improvement of $2.7 million and an improvement of $3.1 million versus the prior year period Reaffirms full year 2024 guidance of more than $84 million in revenues and positive Adjusted EBITDA1 Project backlog of $99 million at March 31, 2024 Company to host conference call and webcast today, April 30, 2024 at 4:30 p.m. Eastern time LAFAYETTE, CO / ACCESSWIRE / April 30, 2024 / urban-gro, Inc. (NASDAQ:UGRO) ("urban-gro" or the "Company"), an integrated professional services consulting firm, today reported its financial results for the quarter ended March 31, 2024 and reaffirmed full year 2024 guidance.

urban-gro, Inc. Reports First Quarter 2024 Financial Results and Reaffirms Full Year 2024 Guidance

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LAFAYETTE, CO / ACCESSWIRE / April 15, 2024 / urban-gro, Inc. (NASDAQ:UGRO) ("urban-gro" or the "Company"), an integrated professional services and Design-Build firm offering solutions to the Controlled Environment Agriculture ("CEA") and other commercial sectors, today announced that it will report its financial results for the first quarter of 2024 after market close on April 30, 2024. urban-gro's management team will host a conference call and audio webcast that afternoon at 4:30 ET consisting of prepared remarks followed by a question-and-answer session related to the Company's operational and financial highlights.

urban-gro, Inc. to Report First Quarter 2024 Financial Results on April 30, 2024

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Urban-gro (NASDAQ: UGRO ) stock is taking a beating on Thursday following the release of the indoor controlled environment agriculture company's Q4 2023 earnings report. The Urban-gro report starts with adjusted losses per share of 34 cents.

Why Is Urban-gro (UGRO) Stock Down 18% Today?

urban-gro, Inc. (UGRO) Q4 2023 Earnings Call Transcript

Backlog of $110 million as of December 31, 2023, a sequential increase of $26 million 2024 outlook calls for strengthening revenues and positive Adjusted EBITDA Company to host conference call and webcast today, March 27, 2024 at 4:30 PM ET LAFAYETTE, CO / ACCESSWIRE / March 27, 2024 / urban-gro, Inc. (Nasdaq:UGRO) ("urban-gro" or the "Company"), an integrated professional services and Design-Build firm offering solutions to the Controlled Environment Agriculture ("CEA") and other commercial sectors, today reported fourth quarter and full year 2023 financial results, and provided preliminary results for first quarter 2024 as well as full year 2024 guidance. Full Year 2023 Results vs Prior Year Period: Revenue of $71.5 million, a 6.7% increase from $67.0 million Net income (loss) of $(18.7) million, as compared to $(15.3) million Adjusted EBITDA 1 of $(9.7) million, as compared to $(3.9) million Full Year 2024 Guidance: Revenue of more than $84.0 million, representing growth of at least 17.4% Positive Adjusted EBITDA 1 First Quarter 2024 Preliminary Guidance vs Prior Year Period: Revenue at or better than $15.0 million, as compared to $16.8 million Adjusted EBITDA 1 at or better than ($0.5) million, as compared to $(3.4) million "2023 was a transitional year for the Company as our diversified end market exposure provided a hedge against prolonged softness in the Cannabis segment.

urban-gro, Inc. Reports 2023 Financial Results and Provides Outlook on 2024 Performance

LAFAYETTE, CO / ACCESSWIRE / March 13, 2024 / urban-gro, Inc. (NASDAQ:UGRO) ("urban-gro" or the "Company"), an integrated professional services and consulting firm, today announced that it will report its financial results for the fourth quarter ended December 31, 2023, and full year 2023 after market close on March 27, 2024. urban-gro's management team will host a conference call and audio webcast that afternoon at 4:30 ET consisting of prepared remarks followed by a question-and-answer session related to the Company's operational and financial highlights.

urban-gro, Inc. to Report Fourth Quarter and Full Year 2023 Financial Results on March 27, 2024

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