secwatch.observer — SEC 8-K summary
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Issuer:     urban-gro, Inc. (UGRO)
CIK:        0001706524
Form:       8-K
Filed at:   2024-03-27T23:59:59+00:00
Accession:  0001706524-24-000012
Event type: earnings
Sentiment:  negative
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

urban-gro FY2023 rev $71.5M, net loss $18.7M; backlog $110M, FY2024 guide positive EBITDA
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1706524/000170652424000012/0001706524-24-000012-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1706524/000170652424000012/ugro-20240327.htm
  HTML page:      https://secwatch.observer/filing/0001706524-24-000012

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