urban-gro Q4 revenue $17.3M in line with guidance; net loss widens to $4.2M; FY23 revenue guidance $100-120M

urban-gro, Inc.

Q4 revenue $17.3M (guidance ~$17.0M); net loss $4.2M ($0.39/share) vs $0.6M loss a year ago.
Full year 2022 revenue $67.0M (+7.9% YoY); net loss $15.3M; negative Adj. EBITDA $3.9M.
Record project backlog $93M at Dec 31, 2022, up $26M sequentially.
FY 2023 guidance: revenue $100M-$120M; Adj. EBITDA negative $3.0M to slightly positive.
Q4 gross margin fell to 19% from 26% due to lower-margin construction revenue from Emerald acquisition.

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

urban-gro, Inc. reported fourth quarter and full year ended December 31, 2022 results: revenue $17.3 million, net income $4.2 million, EPS $(0.39) per share. Guidance initiated.

Period: fourth quarter and full year ended December 31, 2022
Revenue: $17.3 million
Net income: $4.2 million
EPS: $(0.39) per share
Guidance: initiated
Result: reported results

Exact text from the filing

urban-gro, Inc. Reports Fourth Quarter and Full Year 2022 Financial Results Provides Full Year 2023 Guidance • Fourth Quarter Revenue of $17.3 million, as compared to revenue guidance of approximately $17.0 million • Fourth Quarter Net Loss of $4.2 million and negative Adjusted EBITDA 1 of $1.66 million , as compared to negative Adjusted EBITDA 1 guidance of approximately $1.5 million • 2022 Full Year Revenue of $67.0 million, a 7.9% increase over $62.1 million in the prior year period • 2022 Full Year Net Loss of $15.3 million and negative Adjusted EBITDA 1 of $3.9 million

View on SEC.gov

3 earnings releases filed in the last 30 days. Browse all earnings releases →

urban-gro, Inc. filing history →

Source: SEC EDGAR

accession 0001706524-23-000017

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.