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UGRO

urban-gro, Inc.

UGRO

urban-gro, Inc. • NASDAQ
$0.26 ▲ 4.78% (+0.01)
Market Cap $3.24 M
52w High $1.57
52w Low $0.21
Dividend Yield 0%
P/E -0.24
Volume 128.09K
Outstanding Shares 12.63M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q3-2024 $9.889M ▼ $4.769M ▼ $-3.758M ▼ -37.999% ▼ $-0.3 ▼ $-3.168M ▼
Q2-2024 $17.945M ▲ $5.09M ▼ $-2.965M ▼ -16.521% ▼ $-0.24 ▼ $-2.929M ▼
Q1-2024 $15.543M ▲ $5.18M ▼ $-2.142M ▲ -13.778% ▲ $-0.18 ▲ $-1.656M ▲
Q4-2023 $15.006M ▼ $6.354M ▲ $-4.725M ▼ -31.49% ▼ $-0.4 ▼ $-4.225M ▼
Q3-2023 $20.934M $5.965M $-3.368M -16.087% $-0.29 $-3.003M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q3-2024 $1.137M ▲ $49.206M ▼ $46.813M ▼ $2.393M ▼
Q2-2024 $384.796K ▼ $55.008M ▼ $49.201M ▲ $5.807M ▼
Q1-2024 $692.68K ▼ $56.13M ▼ $37.545M ▼ $18.586M ▼
Q4-2023 $1.113M ▼ $64.379M ▲ $44.308M ▲ $20.071M ▼
Q3-2023 $4.77M $58.639M $34.477M $24.162M

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q3-2024 $-3.758M ▼ $984.636K ▲ $-51.579K ▲ $-181.013K ▼ $752.044K ▲ $933.057K ▲
Q2-2024 $-3.384M ▼ $-2.09M ▼ $-54.486K ▼ $1.874M ▲ $-307.884K ▲ $-2.136M ▼
Q1-2024 $-2.142M ▲ $329.223K ▲ $8.487K ▲ $-757.534K ▼ $-419.824K ▲ $329.223K ▲
Q4-2023 $-4.725M ▼ $-4.671M ▼ $-158.686K ▼ $1.171M ▲ $-3.658M ▲ $-4.829M ▼
Q3-2023 $-3.368M $-2.272M $2.097M $-21.41K $-10.831M $-2.502M

Revenue by Products

Product Q4-2023Q1-2024Q2-2024Q3-2024
Equipment Systems
Equipment Systems
 $0 ▲$0 ▲$0 ▲$0 ▲
Other
Other
 $0 ▲$0 ▲$0 ▲$0 ▲
Service
Service
 $0 ▲$0 ▲$0 ▲$0 ▲

Five-Year Company Overview

Income Statement

Income Statement urban-gro operates at a relatively small scale, with revenue that has grown over the past few years but remains modest. The company does produce a positive gross profit, yet the margin between what it earns from projects and what it spends to run the business is thin. Operating income has slipped into loss territory, and net losses have become a regular feature rather than an exception. Per‑share losses have also widened, reflecting both the company’s small base of earnings and dilution effects over time. Overall, the income statement points to a business still searching for sustainable profitability and greater operating efficiency.

Balance Sheet

Balance Sheet The balance sheet shows a company with a modest asset base and a limited cash cushion compared with prior years. Cash levels have stepped down from earlier highs, while a small amount of debt has been added, meaning leverage is now part of the picture. Shareholders’ equity remains positive but has trended lower, signaling that accumulated losses are slowly eroding the capital base. The financial position is not extreme, but there is less room for prolonged weakness than there once was, so the company’s ability to protect and rebuild its equity will matter going forward.

Cash Flow

Cash Flow urban-gro’s cash flow picture reflects the same pressure seen in earnings. Operating cash flow has been negative in recent periods, suggesting that day‑to‑day activities are consuming cash rather than generating it. Free cash flow is also negative, although the business is not highly capital‑intensive, so the drag is coming more from operations than from heavy investment in equipment. This pattern implies reliance on existing cash reserves or external financing to support growth plans and cover losses, and it underscores the importance of moving the core operations closer to cash break‑even.

Competitive Edge

Competitive Edge The company has carved out a distinctive niche in controlled environment agriculture by acting as a one‑stop design‑build and systems integration partner. Its ability to handle architecture, engineering, construction management, and environmental systems under a single umbrella is a clear differentiator versus more fragmented competitors. Deep experience in highly regulated cannabis facilities, combined with vendor‑agnostic technology selection and ongoing support services, adds to its appeal. On the other hand, urban-gro is a relatively small player in a still‑evolving sector, exposed to swings in cannabis and vertical farming demand, and it must continually prove its value against both specialist rivals and large general contractors that might try to enter the space.

Innovation and R&D

Innovation and R&D urban-gro’s innovation is less about owning headline‑grabbing patents and more about integrating complex technologies into a cohesive solution. Its strength lies in combining environmental controls, lighting, fertigation, and data systems into facilities that are optimized for plant performance. The partnership with a sensor-technology firm to enable dense, real‑time monitoring of grow environments is a notable step toward more data‑driven services. Looking ahead, the biggest upside appears to be in software, analytics, and automation layers built on top of these integrated systems, though this remains largely an execution story rather than a fully realized product suite today.

Summary

urban-gro is an early‑stage, niche industrial services company focused on high‑tech agriculture facilities. Financially, it has grown revenue but continues to post operating and net losses, with a thinner cash buffer and some leverage now on the balance sheet. Cash flows from operations are negative, signaling a need for improved profitability or additional funding over time. Competitively, the business stands out through its turnkey, vendor‑agnostic design‑build model and deep expertise in controlled environment agriculture, especially cannabis, but its small scale and exposure to a volatile end market are key risks. Its main innovations are in systems integration and data‑enabled facility management rather than proprietary hardware, offering potential for attractive service revenue if the company can successfully commercialize more technology‑driven offerings and maintain financial discipline.

NEWS

November 24, 2025 · 5:00 PM UTC

urban-gro, Inc. Receives Nasdaq Determination Regarding Continued Listing Requirements

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