---
schema_version: "secwatch.filing_event.v1"
accession: "0001706524-23-000104"
form_type: "8-K"
ticker: "UGRO"
cik: "0001706524"
company_name: "urban-gro, Inc."
filed_at: "2023-11-09T23:59:59+00:00"
generated_at: "2026-06-08T07:02:36.993956+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001706524-23-000104
- form_type: 8-K
- ticker: UGRO
- cik: 0001706524
- company_name: urban-gro, Inc.
- filed_at: 2023-11-09T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1706524/000170652423000104/0001706524-23-000104-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1706524/000170652423000104/ugro-20231109.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001706524-23-000104
- JSON: https://secwatch.observer/filing/0001706524-23-000104.json
- Plain text: https://secwatch.observer/filing/0001706524-23-000104.txt

## Key facts
- Earnings Releases
  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
  source text: Provides fourth quarter 2023 guidance of approximately $30 million in revenues and breakeven to slightly positive Adjusted EBITDA
  evidence_url: https://www.sec.gov/Archives/edgar/data/1706524/000170652423000104/0001706524-23-000104-index.htm
- Earnings Releases
  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
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/1706524/000170652423000104/0001706524-23-000104-index.htm

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