urban-groUGRO
UGRO
About: Urban-gro Inc is an integrated professional services and construction design-build firm. Its business focuses predominantly on providing fee-based knowledge-based services as well as the value-added reselling of equipment. The company offers value-added architectural, engineering, systems procurement and integration, and construction design-build solutions to customers operating in the controlled environment agriculture (CEA) and industrial and other commercial (Commercial) sectors. It derives revenue predominately from the sale of equipment systems, services, construction design-build, and other various immaterial contracts with customers.
Employees: 130
0
Funds holding %
of 6,809 funds
–
Analysts bullish %
Fund manager confidence
Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)
20% more repeat investments, than reductions
Existing positions increased: 6 | Existing positions reduced: 5
9% more capital invested
Capital invested by funds: $3.71M [Q2] → $4.03M (+$322K) [Q3]
1.08% more ownership
Funds ownership: 22.61% [Q2] → 23.7% (+1.08%) [Q3]
10% less funds holding
Funds holding: 29 [Q2] → 26 (-3) [Q3]
60% less first-time investments, than exits
New positions opened: 2 | Existing positions closed: 5
Research analyst outlook
1 Wall Street Analyst provided 1 year price targets over the past 3 months
Low target
$8
648%
upside
Avg. target
$8
648%
upside
High target
$8
648%
upside
1 analyst rating
1 positive
100%
0 neutral
0%
0 negative
0%
Small Cap Consumer Research Eric Beder 36% 1-year accuracy 56 / 156 met price target | 648%upside $8 | Buy Reiterated | 8 Oct 2024 |
Financial journalist opinion
Neutral
Accesswire
3 weeks ago
urban-gro, Inc. Receives Nasdaq Notification of Non-Compliance with Listing Rule 5250(c)(1)
LAFAYETTE, CO / ACCESSWIRE / November 27, 2024 / urban-gro, Inc. (NASDAQ:UGRO) ("urban-gro" or the "Company"), an integrated professional services and Design-Build firm offering solutions to the Controlled Environment Agriculture ("CEA") and other commercial sectors, today announced that the Company received a notice (the "Notice) from The Nasdaq Stock Market LLC ("Nasdaq") on September 21, 2024, stating that because the Company had not yet filed its Quarterly Report on Form 10-Q for the fiscal quarter ended September 30, 2024 (the "Form 10-Q"), the Company continues to not be in compliance with Nasdaq listing Rule 5250(c)(1), which requires listed companies to timely file all required periodic financial reports with the Securities and Exchange Commission. This notification has no immediate effect on the listing of the Company's common stock on the Nasdaq Capital Market.
Neutral
Accesswire
3 weeks ago
urban-gro Expands Cannabis Sector Offering with Launch of New Processing and Extraction Division
LAFAYETTE, CO / ACCESSWIRE / November 26, 2024 / urban-gro, Inc. (Nasdaq:UGRO) ("urban-gro" or the "Company"), an integrated professional services and Design-Build firm offering solutions to the Controlled Environment Agriculture ("CEA") and commercial sectors, today announced the launch of its new Processing and Extraction Division. Further expanding urban-gro's sector offering, this strategic expansion driven by client demand, delivers cutting-edge solutions designed to optimize cannabis facilities for post-harvest operations.
Neutral
Accesswire
2 months ago
urban-gro Secures Contract to Provide Full Architectural and Interior Design Services on Municipal Water Authority Project in Henry County, Georgia
LAFAYETTE, CO / ACCESSWIRE / October 7, 2024 / urban-gro, Inc. (Nasdaq:UGRO) ("urban-gro" or the "Company"), an integrated professional services and Design-Build firm offering solutions to multiple sectors, today announced that the firm has been selected to provide full architectural and interior design services for the new Henry County Water Authority ("HCWA") project. Work is commencing immediately, and the majority of the contracted revenue is expected to be recognized by the end of the second quarter of 2025.
Neutral
Accesswire
2 months ago
urban-gro Signs Approximately $12 Million in New Cannabis Sector Contracts in the Third Quarter
LAFAYETTE, CO / ACCESSWIRE / October 3, 2024 / urban-gro, Inc. (NASDAQ:UGRO) ("urban-gro" or the "Company"), an integrated professional services and Design-Build firm offering solutions to the Controlled Environment Agriculture ("CEA") and commercial sectors, today announced that the Company has signed multiple new contracts with more than fifteen clients in the cannabis sector, with aggregate expected contract revenue of approximately $12 million. The contracted scopes of work include equipment procurement as well as engineering, architecture, and design services for cultivation, extraction, and retail dispensary projects across the U.S. The Company expects the majority of revenue from these projects to be recognized by the end of the first quarter of 2025.
Neutral
Accesswire
2 months ago
urban-gro, Inc. Secures Contract for Architectural Design Services on Critical Municipal Infrastructure Project in Union City, Georgia
LAFAYETTE, CO / ACCESSWIRE / October 2, 2024 / urban-gro, Inc. (NASDAQ:UGRO) ("urban-gro" or the "Company"), an integrated professional services and Design-Build firm offering solutions to multiple sectors, today announced that the firm has been selected to provide architectural design services for Union City Fire Station #44 in Georgia. Work is commencing immediately, with the majority of the undisclosed revenue expected to be recognized by the end of the first quarter of 2025.
Neutral
Accesswire
2 months ago
urban-gro, Inc. Awarded Construction Contract to Build New Fogo de Chão Restaurant in Katy, Texas
LAFAYETTE, CO / ACCESSWIRE / September 27, 2024 / urban-gro, Inc. (NASDAQ:UGRO) ("urban-gro" or the "Company"), an integrated professional services and Design-Build firm offering solutions to multiple sectors, today announced that after more than a year of providing Mechanical, Electrical, and Plumbing (MEP) engineering services for the internationally renowned Brazilian restaurant chain, Fogo de Chão, the firm is excited to announce the award of a construction contract to build a new restaurant in Katy, Texas. The contracted scope of work includes preconstruction, construction, and post-construction services for the retrofit project.
Neutral
Accesswire
2 months ago
urban-gro Contracted to Provide Architectural Design Services for University Student Center Renovation at Columbus State University
LAFAYETTE, CO / ACCESSWIRE / September 24, 2024 / urban-gro, Inc. (NASDAQ:UGRO) ("urban-gro" or the "Company"), an integrated professional services and Design-Build firm offering solutions to multiple sectors, today announced that its architectural professional services division has been selected to provide design services for the renovation of the Davidson Student Center located on the Columbus State University ("CSU") Campus in Columbus, Georgia. Originally built in two phases (1968 and 1978), the Davidson Student Center is situated at the crossroads of CSU's main campus and is heavily used by the student population.
Neutral
Accesswire
3 months ago
urban-gro, Inc. Awarded First Project Under Master Services Agreement with P.F. Chang's, Marking a Significant Milestone in Hospitality Sector Diversification
LAFAYETTE, CO / ACCESSWIRE / September 3, 2024 / urban-gro, Inc. (NASDAQ:UGRO) ("urban-gro" or the "Company"), an integrated professional services and Design-Build firm offering solutions to multiple sectors, today announced that after executing a Master Services Agreement (MSA) in the third quarter of 2023, the Company has been awarded its first project with the well-known Asian culinary restaurant, P.F. Chang's. Anticipated to commence in the third quarter of 2024, the project scope of work will include the full build-out of a restaurant location in Westminster, Colorado.
Neutral
Accesswire
3 months ago
urban-gro, Inc. Receives Nasdaq Notification of Non-Compliance with Listing Rule 5250(c)(1)
LAFAYETTE, CO / ACCESSWIRE / August 23, 2024 / urban-gro, Inc. (NASDAQ:UGRO) ("urban-gro" or the "Company"), an integrated professional services and Design-Build firm offering solutions to the Controlled Environment Agriculture ("CEA") and other commercial sectors, today announced that the Company received a notice (the "Notice) from The Nasdaq Stock Market LLC ("Nasdaq") on August 20, 2024, stating that because the Company had not yet filed its Quarterly Report on Form 10-Q for the fiscal quarter ended June 30, 2024 (the "Form 10-Q"), the Company is no longer in compliance with Nasdaq listing Rule 5250(c)(1), which requires listed companies to timely file all required periodic financial reports with the Securities and Exchange Commission. This notification has no immediate effect on the listing of the Company's common stock on the Nasdaq Capital Market.
Neutral
Accesswire
4 months ago
urban-gro, Inc. Announces Delayed 10-Q Filing and Restatement of Previously Issued Financial Statements Tied to Incorrect Accounting of Deferred Tax Liabilities Associated with Historical Acquisitions
No Expected Material Impact on Revenue, Adjusted EBITDA, or Cash Flows Expects Q2 2024 Revenue of $17.5 Million, a Sequential 13% Increase LAFAYETTE, CO / ACCESSWIRE / August 14, 2024 / urban-gro, Inc. (NASDAQ:UGRO) ("urban-gro" or the "Company"), an integrated professional services and Design-Build firm offering solutions to the Controlled Environment Agriculture ("CEA") and other commercial sectors, today announced its decision to restate its previously issued financial statements for the years ended December 31, 2022 and 2023, as well as the first quarter of 2024. As a result of the restatement process, the Company will not be able to file its Quarterly Report on Form 10-Q for the second fiscal quarter of 2024 within the filing deadline established by the Securities and Exchange Commission (the "SEC").
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