---
schema_version: "secwatch.filing_event.v1"
accession: "0001706524-24-000066"
form_type: "8-K"
ticker: "UGRO"
cik: "0001706524"
company_name: "urban-gro, Inc."
filed_at: "2024-08-14T23:59:59+00:00"
generated_at: "2026-05-31T09:22:16.429179+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# urban-gro restates 2022-2023 financials due to deferred tax liability accounting error; Q2 revenue prelim $17.5M

## Summary
- Restatement covers FY 2022 and 2023 and Q1 2024; prior filings should no longer be relied upon.
- Error: deferred tax liabilities from share-purchase acquisitions should have been income tax benefits; correction reduces cumulative net losses.
- No material impact on revenue, Adjusted EBITDA, or cash flows per company and auditor Sadler Gibb.
- Q2 2024 preliminary revenue of $17.5M, up 13% sequentially; CEO cites accelerating Q3 performance.
- Company unable to file Q2 10-Q on time; expects to file amended 10-K and 10-Q after re-audit of 2022 financials.

## SEC filing metadata
- accession: 0001706524-24-000066
- form_type: 8-K
- ticker: UGRO
- cik: 0001706524
- company_name: urban-gro, Inc.
- filed_at: 2024-08-14T23:59:59+00:00
- event_type: other_material
- sentiment: negative
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 7.01, 4.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1706524/000170652424000066/0001706524-24-000066-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1706524/000170652424000066/ugro-20240812.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001706524-24-000066
- JSON: https://secwatch.observer/filing/0001706524-24-000066.json
- Plain text: https://secwatch.observer/filing/0001706524-24-000066.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.