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

NON-GAAP ADJUSTED EBITDA RECONCILIATION TO NET INCOME (LOSS)

  Three months ended March 31,
  2022  2021
Net Loss $ (696,217 )  $ (1,588,582 )
Interest expense 7,658   317,443 
Interest expense - BCF -   636,075 
Interest income (79,852)  - 
Income tax benefit (108,060)  - 
Depreciation and amortization 218,278   55,685 
EBITDA $ (658,193 )  $ (579,379 )
Loss on extinguishment of debt -   790,723 
Stock-based compensation 882,000   290,805 
Transaction costs 55,225   6,687 
Non-recurring legal fees 161,546   - 
Adjusted EBITDA $ 440,578     $ 508,836  

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