Urban-gro, Inc. Reports Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2023
March 27, 2024 at 04:23 pm EDT
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urban-gro, Inc. reported earnings results for the fourth quarter and full year ended December 31, 2023. For the fourth quarter, the company reported sales was USD 10.19 million compared to USD 11.52 million a year ago. Revenue was USD 15.01 million compared to USD 17.33 million a year ago. Net loss was USD 4.73 million compared to USD 4.18 million a year ago. Basic loss per share from continuing operations was USD 0.4 compared to USD 0.39 a year ago.
For the full year, sales was USD 46.25 million compared to USD 19.82 million a year ago. Revenue was USD 71.54 million compared to USD 67.03 million a year ago. Net loss was USD 18.68 million compared to USD 15.28 million a year ago. Basic loss per share from continuing operations was USD 1.66 compared to USD 1.44 a year ago.
urban-gro, Inc. is an integrated professional services and design-build firm. The Company offers value-added architectural, engineering, and construction management solutions to the Controlled Environment Agriculture (CEA), industrial, healthcare, and other commercial sectors. It creates indoor cultivation facilities to grow specialty crops, including cannabis as well as produce such as leafy greens, vegetables, herbs and berries. It provides its clients with design-build service offerings that include architectural, interior, and engineering design, construction and construction management, as well as services for the operational stages of the facility. The Company's pre-construction services include providing a forecast summary of what it takes to get a high-performance facility built, giving initial indication and detailed analysis of budget, timeline/schedule, and potential large decision impacts, including value analysis and value engineering options.
URBAN-GRO, INC. 
