UGRO - Marijuana Ancillary Company Urban-Gro Quarterly Revenue Drops YoY Improves Net Loss | Benzinga
Urban-gro, Inc. (NASDAQ:UGRO), a design-build provider to the cannabis industry released its financial results for the quarter ended March 31, 2024 and reaffirmed full year 2024 guidance. The Colorado-based company reported quarterly revenue of $15.5 million, compared to $16.8 million in the same period a year ago.
“I’m pleased with the progress of our diversification strategy that leverages our professional services talent and continues to drive our evolution into the multi-sector focused professional services consulting firm that we are today," stated Bradley Nattrass, chairman and CEO. "Our performance in the first quarter reflected solid bottom-line improvement on both a sequential and year-over-year basis and was enhanced by our targeted actions to reduce our operating expenses. We remain focused on the elements of the business that we can control and are pushing ahead with our growth strategies to ensure that we can recapture sustained positive ...