---
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"
generated_at: "2026-06-11T11:43:16.697696+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# urban-gro Q2 2023 revenue $18.8M, net loss $5.4M, cuts FY2023 guidance

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: earnings
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001706524-23-000078
- JSON: https://secwatch.observer/filing/0001706524-23-000078.json
- Plain text: https://secwatch.observer/filing/0001706524-23-000078.txt

## Key facts
- Earnings Releases
  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.
  - Period: the quarter ended June 30, 2023
  - Revenue: $18.8 million
  - Net income: $5.4 million
  - EPS: $0.50 loss per share
  - Guidance: reaffirmed
  - Result: reported results
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1706524/000170652423000078/0001706524-23-000078-index.htm
- Earnings Releases
  urban-gro, Inc. reported Full Year 2023 results: revenue $90 million to $95 million. Guidance reaffirmed.
  - Period: Full Year 2023
  - Revenue: $90 million to $95 million
  - Guidance: reaffirmed
  - Result: guidance update
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1706524/000170652423000078/0001706524-23-000078-index.htm
- Earnings Releases
  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.
  - Period: the first six months of 2023
  - Revenue: $35.6 million
  - Net income: $10.6 million
  - EPS: $0.97 per share
  - Result: reported results
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1706524/000170652423000078/0001706524-23-000078-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.