urban-gro
UGRO
Market cap $18.1M

1.47 USD

+0.07

5.00%

At close Nov 19, 4:00 PM EST

1 day

5.00%

5 days

-1.34%

1 month

-20.11%

3 months

5.00%

6 months

-13.53%

Year to date

4.26%

1 year

31.25%

5 years

-88.05%

10 years

-88.05%

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

Industrials Machinery, Equipment & Supplies

0

Funds holding %

of 6,735 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

13% more capital invested

Capital invested by funds: $3.71M [Q2] → $4.19M (+$488K) [Q3]

2.06% more ownership

Funds ownership: 22.61% [Q2] → 24.67% (+2.06%) [Q3]

7% less funds holding

Funds holding: 29 [Q2] → 27 (-2) [Q3]

40% less first-time investments, than exits

New positions opened: 3 | Existing positions closed: 5

See Fund Rankings

Research analyst outlook

1 Wall Street Analyst provided 1 year price targets over the past 3 months

Low target

$8

444%

upside

Avg. target

$8

444%

upside

High target

$8

444%

upside

1 analyst rating

1 positive

100%

0 neutral

0%

0 negative

0%

Small Cap Consumer Research

Eric Beder

48% 1-year accuracy

56 / 117 met price target

444%upside

$8

Buy

Reiterated

8 Oct 2024

See Analyst Rankings

Financial journalist opinion

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.

urban-gro Secures Contract to Provide Full Architectural and Interior Design Services on Municipal Water Authority Project in Henry County, Georgia

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.

urban-gro Signs Approximately $12 Million in New Cannabis Sector Contracts in the Third Quarter

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.

urban-gro, Inc. Secures Contract for Architectural Design Services on Critical Municipal Infrastructure Project in Union City, Georgia

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.

urban-gro, Inc. Awarded Construction Contract to Build New Fogo de Chão Restaurant in Katy, Texas

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.

urban-gro Contracted to Provide Architectural Design Services for University Student Center Renovation at Columbus State University

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.

urban-gro, Inc. Awarded First Project Under Master Services Agreement with P.F. Chang's, Marking a Significant Milestone in Hospitality Sector Diversification

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.

urban-gro, Inc. Receives Nasdaq Notification of Non-Compliance with Listing Rule 5250(c)(1)

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").

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

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