urban-gro Q3 revenue $20.9M (+69% YoY), net loss improves to $3.4M; Q4 guidance $30M rev, breakeven adj EBITDA

urban-gro, Inc.

2023-Q3 EPS reported -$1.29 revenue$56,537,252

Revenue $20.9M, up 69% YoY and 11% sequentially; net loss $3.4M improved from $8.7M loss prior year.
Adjusted EBITDA negative $1.3M, improving $1.0M YoY and $0.7M sequentially; Q4 guidance breakeven to slightly positive EBITDA.
Backlog $84M as of Sep 30, 2023, up 6% sequentially from $79M; construction backlog $77M.
Q4 2023 guidance: revenue ~$30M (43% sequential growth); adjusted EBITDA breakeven to slightly positive.
Entered non-dilutive asset-based lending facility post-Q3 to support construction; facility undrawn as of now.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

urban-gro, Inc. reported fourth quarter 2023 results: revenue approximately $30 million. Guidance initiated.

Period: fourth quarter 2023
Revenue: approximately $30 million
Guidance: initiated
Result: guidance update

Exact text from the filing

Provides fourth quarter 2023 guidance of approximately $30 million in revenues and breakeven to slightly positive Adjusted EBITDA

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

urban-gro, Inc. reported third quarter of 2023 results: revenue $20.9 million, net income Net loss of $3.4 million, EPS GAAP Loss per share of $0.29.

Period: third quarter of 2023
Revenue: $20.9 million
Net income: Net loss of $3.4 million
EPS: GAAP Loss per share of $0.29
Result: reported results

Exact text from the filing

Revenue of $20.9 million , representing a 69% increase over $12.4 million in the prior year period and a sequential increase of 11% over $18.8 million • Net Loss of $3.4 million, representing an improvement of $5.3 million versus the prior year period and a sequential improvement of $2.1 million • GAAP Loss per share of $0.29

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

urban-gro, Inc. filing history →

Source: SEC EDGAR

accession 0001706524-23-000104

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