UGRO - This Ancillary Cannabis Company Is Cashing In With 69% YoY Revenue Increase In Q3 | Benzinga
Urban-gro, Inc. (NASDAQ: UGRO) reported its financial results Thursday for the third quarter ended Sept. 30, 2023, revealing a 69% year-over-year and 11% sequential increase in total revenues to $20.9 million.
"Since launching our sector diversification initiative just over a year ago, urban-gro has successfully evolved into a multi-sector focused professional services consulting firm,” said Bradley Nattrass, chairman and CEO of the Colorado-based company.
Q3 2023 Financial Highlights
- Gross profit totaled $2.8 million, up from $2.6 million in the prior year’s period.
- Loss from operations amounted to $3.1 million, down from $6.9 million in the third quarter of last year.
- Net loss ...