urban-gro, Inc. Reports Record First Quarter 2022 Financial Results with Revenue Growth of 76% and 7th Consecutive Quarter of Positive Adjusted EBITDA

CONSOLIDATED STATEMENTS OF OPERATIONS

  Three months ended March 31,
  2022
  2021
Revenue   
Equipment systems$17,067,344  $11,344,752 
Services 3,638,507   260,513 
Consumable products 347,018   429,093 
Total Revenue 21,052,869   12,034,358 
    
Cost of Revenue 16,150,849   9,393,713 
Gross profit 4,902,020   2,640,645 
    
Operating expenses:   
General and administrative 4,887,801   2,197,009 
Stock-based compensation 882,000   290,805 
Total operating expenses 5,769,801   2,487,814 
    
Income (loss) from operations (867,781)  152,831 
      
Non-operating income (expenses):      
Interest expense   (7,658 )     (317,443 )
Interest income   79,852       -  
Interest expense - beneficial conversion of notes payable   -       (636,075 )
Loss on extinguishment of debt   -       (790,723 )
Other income (expense)   (8,690 )     2,828  
Total non-operating income (expenses)   63,504       (1,741,413 )
       
Income (loss) before income taxes   (804,277 )     (1,588,582 )
       
Deferred income tax benefit   108,060       -  
Net income (loss) $ (696,217 )   $ (1,588,582 )
       
Comprehensive income (loss) $ (696,217 )   $ (1,588,582 )
       
Earnings (loss) per share:      
Net loss per share - basic and diluted $ (0.07 )   $ (0.20 )
       
Weighted average shares used in computation   10,508,972       7,831,959  

urban-gro, Inc.

« Previous Page 1 | 2 | 3 | 4 | 5  Next Page »
Featured Video
Jobs
Machine Learning Engineer 3D Geometry/ Multi-Modal for Autodesk at San Francisco, California
Senior Principal Software Engineer for Autodesk at San Francisco, California
Principal Engineer for Autodesk at San Francisco, California
Mechanical Engineer 3 for Lam Research at Fremont, California
Mechanical Engineer 2 for Lam Research at Fremont, California
Senior Principal Mechanical Engineer for General Dynamics Mission Systems at Canonsburg, Pennsylvania
Upcoming Events
Dimensions User Conference 2024 at The Venetian Resort Las Vegas NV - Nov 11 - 13, 2024
Greenbuild 2024 at Pennsylvania Convention Center Philadelphia PA - Nov 12 - 15, 2024
Digital Construction North (DCN) 2024 at Manchester Central. Manchester United Kingdom - Nov 13, 2024
Digital Twins 2024 at the Gaylord National Resort & Convention Center in, MD. National Harbor MD - Dec 9 - 11, 2024



© 2024 Internet Business Systems, Inc.
670 Aberdeen Way, Milpitas, CA 95035
+1 (408) 882-6554 — Contact Us, or visit our other sites:
TechJobsCafe - Technical Jobs and Resumes EDACafe - Electronic Design Automation GISCafe - Geographical Information Services  MCADCafe - Mechanical Design and Engineering ShareCG - Share Computer Graphic (CG) Animation, 3D Art and 3D Models
  Privacy PolicyAdvertise