UGRO - urban-gro GAAP EPS of -$0.48 misses by $0.15 revenue of $16.8M beats by $1.11M
2023-05-10 16:26:06 ET
- urban-gro press release ( NASDAQ: UGRO ): Q1 GAAP EPS of -$0.48 misses by $0.15 .
- Revenue of $16.8M (-20.2% Y/Y) beats by $1.11M .
- Net Loss of $5.1 million and negative Adjusted EBITDA of $3.4 million
- Record project backlog of $105 million as of March 31, 2023, as compared to backlog at the end of 2022 of $93 million, a 13% sequential increase of $12 million from more than 25 contracts
- R eiterates full year 2023 revenue guidance of $100 million to $120 million, and Adjusted EBITDA 1 guidance of negative $3.0 million to slightly positive
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urban-gro GAAP EPS of -$0.48 misses by $0.15, revenue of $16.8M beats by $1.11M