secwatch.observer — SEC 8-K summary
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Issuer:     urban-gro, Inc. (UGRO)
CIK:        0001706524
Form:       8-K
Filed at:   2024-04-30T23:59:59+00:00
Accession:  0001706524-24-000027
Event type: earnings
Sentiment:  neutral
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1706524/000170652424000027/0001706524-24-000027-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1706524/000170652424000027/ugro-20240430.htm
  HTML page:      https://secwatch.observer/filing/0001706524-24-000027

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