secwatch.observer — SEC 8-K summary
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Issuer:     urban-gro, Inc. (UGRO)
CIK:        0001706524
Form:       8-K
Filed at:   2022-11-10T23:59:59+00:00
Accession:  0001493152-22-031341
Event type: earnings
Sentiment:  negative
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1706524/000149315222031341/0001493152-22-031341-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1706524/000149315222031341/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-22-031341

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