{"schema_version":"secwatch.filing_event.v1","accession":"0001706524-23-000078","form_type":"8-K","ticker":"UGRO","cik":"0001706524","company_name":"urban-gro, Inc.","filed_at":"2023-08-14T23:59:59+00:00","discovered_at":"2026-05-14T18:03:34.929963+00:00","generated_at":"2026-06-11T11:43:16.697696+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"urban-gro Q2 2023 revenue $18.8M, net loss $5.4M, cuts FY2023 guidance","bullets":["Revenue $18.8M (+12% seq, +16% YoY); net loss $5.4M ($0.50/share) vs $1.7M loss prior year.","Adjusted EBITDA -$2.0M, improved $1.4M sequentially; FY2023 guidance: rev $90-95M, Adj EBITDA -$5 to -$6M.","Backlog fell to $79M from $105M; a cannabis project with funding uncertainty contributed to decline.","Cash $8.6M, zero bank debt; SG&A reduced ~$3M annualized YTD.","Gross margin 15% vs 22% prior year; non-operating expense includes $1.5M legal settlement."],"urls":{"canonical":"https://secwatch.observer/filing/0001706524-23-000078","json":"https://secwatch.observer/filing/0001706524-23-000078.json","markdown":"https://secwatch.observer/filing/0001706524-23-000078.md","text":"https://secwatch.observer/filing/0001706524-23-000078.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1706524/000170652423000078/0001706524-23-000078-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1706524/000170652423000078/ugro-20230814.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-11T11:43:16.697696+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":"260ea11d5f53789bf18ce2dc3a58d0f6eec31a0b","claim":"urban-gro, Inc. reported the quarter ended June 30, 2023 results: revenue $18.8 million, net income $5.4 million, EPS $0.50 loss per share. Guidance reaffirmed.","evidence_excerpt":"urban-gro, Inc. Reports Second Quarter 2023 Financial Results • Revenue of $18.8 million, representing a sequential increase of 12% over $16.8 million, and a 16% increase over $16.3 million in the prior year period • Net Loss of $5.4 million","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1706524/000170652423000078/0001706524-23-000078-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the quarter ended June 30, 2023"},{"label":"Revenue","value":"$18.8 million"},{"label":"Net income","value":"$5.4 million"},{"label":"EPS","value":"$0.50 loss per share"},{"label":"Guidance","value":"reaffirmed"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"},{"claim_id":"b06fdcf17447af30140930dc137ea55714a61f4e","claim":"urban-gro, Inc. reported Full Year 2023 results: revenue $90 million to $95 million. Guidance reaffirmed.","evidence_excerpt":"For the 2023 full year, the Company is updating its guidance as follows: Consolidated revenue: $90 million to $95 million Adjusted EBITDA 1 : negative $6 million","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1706524/000170652423000078/0001706524-23-000078-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"Full Year 2023"},{"label":"Revenue","value":"$90 million to $95 million"},{"label":"Guidance","value":"reaffirmed"},{"label":"Result","value":"guidance update"}],"fact_type":"earnings_release"},{"claim_id":"f8ad255c8787ea065509dad2faea0995a13d4f04","claim":"urban-gro, Inc. reported the first six months of 2023 results: revenue $35.6 million, net income $10.6 million, EPS $0.97 per share.","evidence_excerpt":"Revenue was $35.6 million for the first six months of 2023 compared to $37.3 million in the prior year period, representing a decrease of $1.7 million, or 5%. Net loss was $10.6 million, or $0.97 per share, for the first six months of 2023","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1706524/000170652423000078/0001706524-23-000078-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the first six months of 2023"},{"label":"Revenue","value":"$35.6 million"},{"label":"Net income","value":"$10.6 million"},{"label":"EPS","value":"$0.97 per share"},{"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"}