{"schema_version":"secwatch.filing_event.v1","accession":"0001706524-23-000040","form_type":"8-K","ticker":"UGRO","cik":"0001706524","company_name":"urban-gro, Inc.","filed_at":"2023-05-10T23:59:59+00:00","discovered_at":"2026-05-14T18:03:40.137789+00:00","generated_at":"2026-06-15T06:37:53.727555+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.7,"calibrated_materiality_score":0.7,"confidence":"high","headline":"Urban-gro Q1 revenue $16.8M, net loss $5.1M, backlog record $105M","bullets":["Revenue of $16.8M, down 20% YoY from $21.1M; net loss of $5.1M ($0.48/share) vs. $0.7M loss in Q1 2022.","Adjusted EBITDA negative $3.4M, compared to positive $0.4M a year earlier; gross margin fell to 17% from 23%.","Record project backlog of $105M as of March 31, 2023, up 13% sequentially from $93M at year-end 2022.","Full-year 2023 guidance reaffirmed: revenue $100M–$120M and Adjusted EBITDA –$3M to slightly positive.","Company initiated cost optimization in Q2, generating ~$2M in annualized savings."],"urls":{"canonical":"https://secwatch.observer/filing/0001706524-23-000040","json":"https://secwatch.observer/filing/0001706524-23-000040.json","markdown":"https://secwatch.observer/filing/0001706524-23-000040.md","text":"https://secwatch.observer/filing/0001706524-23-000040.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1706524/000170652423000040/0001706524-23-000040-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1706524/000170652423000040/ugro-20230510.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-15T06:37:53.727555+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"8b6ccc2339ecfd117dc1e861174095cf70fd7cc8","claim":"urban-gro, Inc. reported first quarter of 2023 results: revenue $16.8 million, net income $5.1 million, EPS $0.48 loss per share. Guidance reaffirmed.","evidence_excerpt":"Inc. Reports First Quarter 2023 Financial Results and Reiterates Full Year 2023 Guidance • First quarter performance consistent with prior guidance with Revenue of $16.8 million • Net Loss of $5.1 million and negative Adjusted EBITDA 1 of $3.4 million • Record project backlog of $105 million as of March 31, 2023, as compared to backlog at the end of 2022","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1706524/000170652423000040/0001706524-23-000040-index.htm","confidence":0.95,"family_label":"Earnings Releases","details":[{"label":"Period","value":"first quarter of 2023"},{"label":"Revenue","value":"$16.8 million"},{"label":"Net income","value":"$5.1 million"},{"label":"EPS","value":"$0.48 loss per share"},{"label":"Guidance","value":"reaffirmed"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}