UGRO - urban-gro GAAP EPS of -$0.39 misses by $0.15 revenue of $17.3M beats by $0.23M
2023-03-30 16:57:07 ET
- urban-gro press release ( NASDAQ: UGRO ): Q4 GAAP EPS of -$0.39 misses by $0.15 .
- Revenue of $17.3M (-8.8% Y/Y) beats by $0.23M .
- Fourth Quarter Net Loss of $4.2 million and negative Adjusted EBITDA 1 of $1.66 million , as compared to negative Adjusted EBITDA 1 guidance of approximately $1.5 million
- 2022 Full Year Revenue of $67.0 million , a 7.9% increase over $62.1 million in the prior year period
- 2022 Full Year Net Loss of $15.3 million and negative Adjusted EBITDA of $3.9 million
- Record project backlog of $93 million as of December 31, 2022, as compared to previously estimated backlog of approximately $87.0 million, a sequential increase of $26 million
- For Full Year 2023, provides revenue guidance of $100 million to $120 million, and Adjusted EBITDA guidance of negative $3.0 million to slightly positive
- Gross profit was $3.2 million, or 19% of revenue as compared to $4.9 million, or 26% of revenue in the prior year period.
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urban-gro GAAP EPS of -$0.39 misses by $0.15, revenue of $17.3M beats by $0.23M