UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q x QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2023 or o TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _________ to _________. Commission File Number: 001-39933 URBAN-GRO, INC. (Exact name of registrant as specified in its charter) | Delaware | | 46-5158469 | | --- | --- ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-K x ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE FISCAL YEAR ENDED DECEMBER 31, 2022 or o TRANSITION REPORT UNDER SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission File Number: 001-39933 URBAN-GRO, INC. (Exact name of registrant as specified in its charter) Delaware 46-5158469 | 1751 Panorama Point, Unit G, Lafayette, CO | 80026 | (720) 390-3880 | | --- | --- | ...

urban-gro, Inc. (NASDAQ:UGRO) Q3 2022 Earnings Conference Call November 10, 2022 4:30 PM ET Company Participants Dan Droller - EVP of Corporate Development and IR Brad Nattrass - Chairman and CEO Richard Akright - CFO Conference Call Participants Eric Des Lauriers - Craig-Hallum Capital Group Brian Wright - ROTH Capital Eric Beder - SCC Research Thomas McGovern - Maxim Group Aaron Grey - Alliance Global Partners Operator Hello, and welcome to the urban-gro 2022 Third Quarter Earnings Conference Call. As a b ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2022 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _________ to _________. Commission File Number: 001-39933 urban-gro, Inc. (Exact name of registrant as specified in its charter) | Delaware | 46-5158469 | | --- | --- | ...

urban-gro, Inc. (NASDAQ:UGRO) Q2 2022 Earnings Conference Call August 15, 2022 4:30 PM ET Company Participants Dan Droller - EVP Corporate Development and IR Bradley Nattrass - Chairman and CEO Dick Akright - CFO Conference Call Participants Eric Des Lauries - Craig Hallum Capital Group Eric Beder - SCC Capital Operator Good afternoon, and welcome to the urban-gro, 2022 Second Quarter Earnings Conference Call. At this time, all participants are currently in a listen-only mode. [Operator Instructions]. As a ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2022 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _________ to _________. Commission File Number: 001-39933 urban-gro, Inc. (Exact name of registrant as specified in its charter) | Delaware | 46-5158469 | | --- | --- | | (S ...

urban-gro Investor presentation Nasdaq: UGRO May 2022 Safe harbor statement Nasdaq: UGRO Except for historical information, all of the statements, expectations, and assumptions contained in this presentation are forward-looking statements. Forward-looking statements include, but are not limited to, statements that express our intentions, beliefs, expectations, strategies, predictions or any other statements relating to our future activities or other future events or conditions. These statements are based on ...

urban-gro, Inc. (NASDAQ:UGRO) Q1 2022 Earnings Conference Call May 10, 2022 5:30 PM ET Company Participants Dan Droller - Executive Vice President of Corporate Development & Investor Relations Brad Nattrass - Chairman & Chief Executive Officer Dick Akright - Chief Financial Officer Conference Call Participants Eric Beder - SCC Research Anthony Vendetti - Maxim Aaron Grey - Alliance Global Partners Eric Des Lauriers - Craig-Hallum Capital Group Operator Hello, and welcome to the urban-gro, 2022 First Quarter ...

Revenue Performance - For the three months ended March 31, 2022, the company generated revenues of $21.1 million, an increase of $9.1 million or 76% compared to $12.0 million for the same period in 2021[72]. - Equipment systems revenue increased by $5.7 million, primarily due to an increase in cultivation equipment sales, while services revenue increased by $3.4 million, mainly from the acquisition of the 2WR Entities[72]. Profitability - Gross profit for the three months ended March 31, 2022, was $4.9 million, representing 23% of revenues, compared to $2.6 million or 22% of revenues for the same period in 2021[74]. - The company incurred a net loss of $0.7 million for the three months ended March 31, 2022, compared to a net loss of $1.6 million for the same period in 2021[78]. - Adjusted EBITDA for the three months ended March 31, 2022, was $440,578, compared to $508,836 for the same period in 2021[80]. Operating Expenses - Operating expenses increased by $3.3 million, or 132%, to $5.8 million for the three months ended March 31, 2022, primarily due to increased salaries, marketing, and travel expenses related to the acquisition[75]. Cash Flow and Financial Position - Cash as of March 31, 2022, was $27.1 million, a decrease of $7.5 million from December 31, 2021[82]. - Net cash used by operating activities was $3.8 million during the three months ended March 31, 2022, primarily due to a reduction in customer deposits[83]. - As of March 31, 2022, the company's backlog was approximately $22 million, down from $30 million as of December 31, 2021[81]. - The company had no material commitments for capital expenditures as of March 31, 2022[84].

Financial Data and Key Metrics Changes - In 2021, the company achieved revenues of just over $62 million, representing a growth of 140% compared to 2020 [17] - The company generated positive adjusted EBITDA of approximately $2.7 million, an increase of $3.3 million versus 2020 [38] - As of December 31, 2021, the backlog was just over $30 million, with a cash position of just under $35 million and zero debt [17][39] Business Line Data and Key Metrics Changes - In Q4 2021, revenue was $19 million, compared to $9.2 million in the prior year period, representing an increase of 106% [32] - The increase in equipment systems revenue was driven by a $7.2 million increase, while services revenue increased by $2.6 million, primarily due to the acquisition of 2WR [32][33] - Gross profit was $4.9 million or 26% of revenue in Q4 2021, compared to $1.7 million or 18% of revenue in the prior year period [34] Market Data and Key Metrics Changes - The company is focused on geographic expansion in core cannabis and food-focused vertical farming markets, with progress in the EMEA region [20][21] - The company signed approximately 20 project contracts with 10 vertical farming operators in North America since the start of 2021 [22] Company Strategy and Development Direction - The company aims to provide a complete turnkey design build solution for the global indoor Controlled Environment Agriculture (CEA) market [11] - The acquisition of Emerald Construction Management is expected to enhance service offerings and diversify revenue streams [13][24] - The company is focused on three key growth areas: geographic expansion, extension within the CEA sector, and diversification of service capabilities [19] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the future, highlighting strong growth momentum and a solid foundation for continued expansion [29] - The company anticipates consolidated revenues of approximately $110 million for full year 2022, including contributions from the pending Emerald acquisition [42] - Management acknowledged potential gross margin pressure due to the revenue mix but remains confident in long-term growth and efficiency improvements [45] Other Important Information - The company has a strong balance sheet with cash of $34.6 million and no debt, providing flexibility for growth strategies [41] - The company plans to continue its digital marketing strategy and participation in trade shows to drive business growth [73] Q&A Session Summary Question: Thoughts on potential further acquisitions - The company is looking for synergistic service companies, particularly in architecture, engineering, and construction management [52] Question: Perception by larger players in the market - The company believes its comprehensive service solutions and strong balance sheet position it favorably among larger players [54] Question: Update on exposure to oversupply in mature markets - The company is not significantly impacted by oversupply in California, focusing instead on optimizing client facilities [85] Question: Guidance on revenue composition - The company expects to remain heavily weighted towards CEA, particularly in the cannabis sector, while gradually expanding into non-CEA markets [65] Question: Update on waterfall revenues from the 2WR acquisition - The company reported over 50 service contracts and over 60 equipment contracts in Q1, indicating strong cross-selling opportunities [76]