urban-gro Q3 revenue $12.4M, net loss $8.7M; record backlog $67M; Q4 guidance $17M revenue

urban-gro, Inc.

2022-Q3 EPS reported -$1.05 revenue$49,702,659

Q3 revenue $12.4M vs prior year $18.3M (-32%); net loss $8.7M ($0.81/share) vs prior year net income $0.1M.
Adjusted EBITDA $(2.3)M vs prior year $1.0M; one-time operating expenses of $4.2M and $1.7M Edyza impairment.
Record project backlog $67M as of Sep 30, 2022, a sequential increase of $45M; cash $18.6M, no debt.
Q4 guidance: revenue approx $17M, Adjusted EBITDA approx $(1.5)M.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.85

urban-gro, Inc. reported third quarter ended September 30, 2022 results: revenue $12.4 million, net income $8.7 million. Guidance reaffirmed.

Period: third quarter ended September 30, 2022
Revenue: $12.4 million
Net income: $8.7 million
Guidance: reaffirmed
Result: reported results

Exact text from the filing

--- EX-99.1 2 ex99-1.htm Exhibit 99.1 urban-gro, Inc. Reports Third Quarter 2022 Financial Results and Signs Record Backlog Entering Fourth Quarter ● Third quarter revenue of $12.4 million, as compared to guidance in the range of $10 to $11 million ● Third quarter net loss of $8.7 million, which includes one-time operating expenses of $4.2 million and a $1.7

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Source: SEC EDGAR

accession 0001493152-22-031341

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