---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-22-031341"
form_type: "8-K"
ticker: "UGRO"
cik: "0001706524"
company_name: "urban-gro, Inc."
filed_at: "2022-11-10T23:59:59+00:00"
generated_at: "2026-06-21T23:11:29.009894+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001493152-22-031341
- form_type: 8-K
- ticker: UGRO
- cik: 0001706524
- company_name: urban-gro, Inc.
- filed_at: 2022-11-10T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1706524/000149315222031341/0001493152-22-031341-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1706524/000149315222031341/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-22-031341
- JSON: https://secwatch.observer/filing/0001493152-22-031341.json
- Plain text: https://secwatch.observer/filing/0001493152-22-031341.txt

## Key facts
- Earnings Releases
  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
  source text: --- 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/1706524/000149315222031341/0001493152-22-031341-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.