urban-gro Q2 2024 Earnings Report

urban-gro EPS Results

• Actual EPS: -$0.27
• Consensus EPS: -$0.12
• Beat/Miss: Missed by -$0.15
• One Year Ago EPS: N/A

urban-gro Revenue Results

• Actual Revenue: $9.89 million
• Expected Revenue: $17.49 million
• Beat/Miss: Missed by -$7.60 million
• YoY Revenue Growth: N/A

urban-gro Announcement Details

• Quarter: Q2 2024
• Date: 2/18/2025
• Time: Before Market Opens
• Conference Call Date: Tuesday, February 18, 2025
• Conference Call Time: 6:00AM ET

urban-gro (NASDAQ:UGRO) is a provider of cultivation solutions for the regulated cannabis and controlled environment agriculture markets. The company specializes in engineering, procurement and construction management for both indoor and greenhouse facilities. Its core offerings include professional-grade horticultural lighting systems, fertigation and nutrient distribution equipment, HVAC and environmental control solutions, as well as site assessment and project implementation services designed to optimize plant health and yield.

Complementing its hardware solutions, Urban-gro offers the Emerald Platform, a cloud-based monitoring and management software suite. The platform delivers real-time data on key cultivation variables such as temperature, humidity, lighting intensity and nutrient delivery rates. Through remote diagnostics, analytics and customizable alerts, growers can maintain consistent growing conditions, improve operational efficiencies and meet regulatory requirements with greater confidence.

Founded in 2008, Urban-gro transitioned to a publicly traded company in 2019, listing on the Nasdaq Capital Market under the ticker “UGRO.” Headquartered in the United States, the company serves a diverse client base that includes cannabis cultivators, food producers and research institutions across multiple states. Under the leadership of CEO Joel B. Shacker, Urban-gro continues to advance its portfolio of integrated solutions and expand its presence in the burgeoning controlled environment agriculture industry.