urban-gro Q1 2024: Revenue $15.5M, net loss $2.1M, reaffirms FY guidance of >$84M revenue

urban-gro, Inc.

2024-Q1 EPS reported -$0.18 revenue$15,542,678

Revenue $15.5M, sequential +4% vs Q4 2023, down 7% YoY.
GAAP net loss $2.1M ($0.18/sh); adjusted net loss $1.5M ($0.12/sh).
Adjusted EBITDA negative $0.3M, improved $3.1M YoY; G&A expenses cut $2.8M to $4.3M.
Backlog $99M (76% CEA, 24% commercial); reaffirms FY2024 revenue >$84M and positive Adj. EBITDA.
Cash $0.7M; drawn $2.0M on $10M credit facility.

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 the quarter ended March 31, 2024 results: revenue $15.5 million, net income $2.1 million, EPS $0.18 net loss per share. Guidance reaffirmed.

Period: the quarter ended March 31, 2024
Revenue: $15.5 million
Net income: $2.1 million
EPS: $0.18 net loss per share
Guidance: reaffirmed
Result: reported results

Exact text from the filing

urban-gro, Inc. Reports First Quarter 2024 Financial Results and Reaffirms Full Year 2024 Guidance • Revenue of $15.5 million, representing a sequential increase of 4% over $15.0 million •

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Source: SEC EDGAR

accession 0001706524-24-000027

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