Urban-Gro sees Q2 revenue exceeding $17.5M, consensus $18.78M

urban-gro’s Chairman and CEO, Brad Nattrass, commented “while it is disappointing that we need to restate our financials due to this technical accounting situation, we do not expect that it will materially affect our revenues, Adjusted EBITDA, or cash flows. Revenues in the second quarter are expected to exceed $17.5 million, representing a sequential increase of 13%, and our third quarter-to-date performance has accelerated further, giving us confidence that we will generate stronger results in the second half of the year. While we navigate this process with our auditor, we aim to keep our investors updated on our overall progress and expect to announce contracts as they are closed.”