{"schema_version":"secwatch.filing_event.v1","accession":"0001706524-24-000012","form_type":"8-K","ticker":"UGRO","cik":"0001706524","company_name":"urban-gro, Inc.","filed_at":"2024-03-27T23:59:59+00:00","discovered_at":"2026-05-14T18:03:25.185414+00:00","generated_at":"2026-06-04T07:15:29.985076+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.65,"calibrated_materiality_score":0.65,"confidence":"high","headline":"urban-gro FY2023 rev $71.5M, net loss $18.7M; backlog $110M, FY2024 guide positive EBITDA","bullets":["FY2023 revenue $71.5M, up 6.7% YoY; net loss $(18.7)M vs $(15.3)M prior year.","Q4 2023 revenue $15M, net loss $(4.7)M; Adjusted EBITDA negative $3.0M.","Backlog $110M at Dec 31, 2023, a sequential increase of $26M.","FY2024 outlook: revenue at least $84M (17.4% growth) and positive Adjusted EBITDA.","Annualized cost reductions of >$8M implemented; Q1 2024 revenue guided at or above $15M."],"urls":{"canonical":"https://secwatch.observer/filing/0001706524-24-000012","json":"https://secwatch.observer/filing/0001706524-24-000012.json","markdown":"https://secwatch.observer/filing/0001706524-24-000012.md","text":"https://secwatch.observer/filing/0001706524-24-000012.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1706524/000170652424000012/0001706524-24-000012-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1706524/000170652424000012/ugro-20240327.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-04T07:15:29.985076+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":"19acc7d1d22993ce3c9eae88b9329ec827b33993","claim":"urban-gro, Inc. reported Full Year 2024 results: revenue more than $84.0 million. Guidance initiated.","evidence_excerpt":"Full Year 2024 Guidance • Revenue of more than $84.0 million , representing growth of at least 17.4% • Positive Adjusted EBITDA 1","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1706524/000170652424000012/0001706524-24-000012-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"Full Year 2024"},{"label":"Revenue","value":"more than $84.0 million"},{"label":"Guidance","value":"initiated"},{"label":"Result","value":"guidance update"}],"fact_type":"earnings_release"},{"claim_id":"5d14bc373ca49de8a28eb16aaa471a15de12438c","claim":"urban-gro, Inc. reported full year ended December 31, 2023 results: revenue $71.5 million, net income $(18.7) million.","evidence_excerpt":"Full Year 2023 Results vs Prior Year Period: • Revenue of $71.5 million , a 6.7% increase from $67.0 million • Net income (loss) of $(18.7) million , as compared to $(15.3) million","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1706524/000170652424000012/0001706524-24-000012-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"full year ended December 31, 2023"},{"label":"Revenue","value":"$71.5 million"},{"label":"Net income","value":"$(18.7) million"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"},{"claim_id":"bd78af5c8433f4bf62890cd40905614f83ca4301","claim":"urban-gro, Inc. reported First Quarter 2024 results: revenue at or better than $15.0 million. Guidance initiated.","evidence_excerpt":"First Quarter 2024 Preliminary Guidance vs Prior Year Period: • Revenue at or better than $15.0 million, as compared to $16.8 million • Adjusted EBITDA 1 at or better than ($0.5) million, as compared to $(3.4) million","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1706524/000170652424000012/0001706524-24-000012-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"First Quarter 2024"},{"label":"Revenue","value":"at or better than $15.0 million"},{"label":"Guidance","value":"initiated"},{"label":"Result","value":"guidance update"}],"fact_type":"earnings_release"},{"claim_id":"f4a156569257b69be527a457bfeb4b2b15382d0d","claim":"urban-gro, Inc. reported fourth quarter ended December 31, 2023 results: revenue $15.0 million, net income $4.7 million, EPS $(0.40) per share.","evidence_excerpt":"Revenue was $15.0 million , as compared to $17.3 million in the prior year period. This decrease from the prior year period was driven by lower construction Design-Build revenue of $1.3 million , and lower professional services revenue of $0.8 million . Gross profit was $1.7 million , or 11% of revenue as compared to $3.2 million , or 19% of revenue in the prior year period. The decrease in gross profit correlates to the decrease in revenue as well as a shift in mix toward lower margin construction design-build revenue. This was further impacted by a project cost revision in the fourth quarter that negatively impacted project profitability. Operating expenses were $6.4 million as compared to $6.2 million in the prior year period, representing an increase of $0.2 million . The increase in operating expenses was primarily due to increased legal expenses. On an annualized basis, the Company expects a year-over-year reduction of more than $8.0 million in operating expenses in 2024 primaril","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1706524/000170652424000012/0001706524-24-000012-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"fourth quarter ended December 31, 2023"},{"label":"Revenue","value":"$15.0 million"},{"label":"Net income","value":"$4.7 million"},{"label":"EPS","value":"$(0.40) 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"}