secwatch.observer — SEC 8-K summary
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Issuer:     urban-gro, Inc. (UGRO)
CIK:        0001706524
Form:       8-K
Filed at:   2023-11-09T23:59:59+00:00
Accession:  0001706524-23-000104
Event type: earnings
Sentiment:  neutral
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1706524/000170652423000104/0001706524-23-000104-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1706524/000170652423000104/ugro-20231109.htm
  HTML page:      https://secwatch.observer/filing/0001706524-23-000104

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer