Urban-gro, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2021
November 09, 2021 at 04:22 pm EST
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urban-gro, Inc. reported earnings results for the third quarter and nine months ended September 30, 2021. For the third quarter, the company reported revenue was USD 18.29 million compared to USD 8.36 million a year ago. Net income was USD 0.059656 million compared to net loss of USD 0.694281 million a year ago. Basic earnings per share from continuing operations was USD 0.01 compared to basic loss per share from continuing operations of USD 0.14 a year ago.
For the nine months, revenue was USD 43.15 million compared to USD 16.63 million a year ago. Net loss was USD 0.271482 million compared to USD 3.96 million a year ago. Basic loss per share from continuing operations was USD 0.03 compared to USD 0.83 a year ago. Diluted loss per share from continuing operations was USD 0.03 compared to USD 0.83 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. 
