secwatch.observer — SEC 8-K summary
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Issuer:     urban-gro, Inc. (UGRO)
CIK:        0001706524
Form:       8-K
Filed at:   2023-03-30T23:59:59+00:00
Accession:  0001706524-23-000017
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1706524/000170652423000017/0001706524-23-000017-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1706524/000170652423000017/ugro-20230330.htm
  HTML page:      https://secwatch.observer/filing/0001706524-23-000017

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer