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urban-gro (UGRO)
NASDAQ:UGRO
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Earnings Data
Report Date
Mar 26, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
-0.04Last Year’s EPS
-0.4Same Quarter Last Year
Based on 0 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:May 19, 2020
|% Change Since: -35.17%
|Next Earnings Date:Nov 21, 2019
Earnings Call Sentiment|Neutral
The call conveyed a cautiously optimistic outlook, with notable improvements in cash flow, adjusted EBITDA, and margins, despite challenges such as a decrease in revenue and backlog. The potential rescheduling of cannabis is seen as a significant positive catalyst for the industry.Company Guidance
During the UGRO Q1 2024 earnings call, the company provided guidance for the full year, maintaining its expectation to recognize more than $84 million in revenue and to generate positive adjusted EBITDA. In Q1, UGRO reported a revenue of $15.5 million, with an adjusted EBITDA loss of $0.3 million, which exceeded their quarterly guidance. The company also highlighted a $3.1 million year-over-year improvement in adjusted EBITDA, driven by reduced operating expenses and improved margins. UGRO's backlog remained strong at $99 million, with 76% of this backlog attributed to the Controlled Environment Agriculture (CEA) sector and 24% to the commercial sector. The company realized a $2.8 million reduction in general and administrative expenses compared to Q1 2023, part of a broader $8 million reduction anticipated for the year. Despite the positive developments, UGRO noted that its guidance does not yet account for potential impacts from recent regulatory changes related to cannabis rescheduling.Positive Cash Flow and Adjusted EBITDA Improvement
In the first quarter, UGRO had positive cash flow from operations and delivered the strongest quarterly adjusted EBITDA results in two years, with a $3.1 million improvement year-over-year.
Revenue and Margin Growth
Revenue was reported at $15.5 million, with gross profit at $3.1 million or 20% of revenue. This is an improvement from 17% in the prior year period.
Reduction in Operating Expenses
Operating expenses decreased by $2.7 million year-over-year due to expense optimization efforts, and a $2.8 million improvement was realized in general and administrative expenses.
Strong Backlog
UGRO's backlog remained strong at $99 million, despite a slight sequential decrease.
Potential Industry Catalyst
The US Drug Enforcement Agency is reportedly supporting the reclassification of cannabis, which could lead to significant industry growth and increased working capital for operators.
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UGRO Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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UGRO Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 07, 2024 | $1.45 | $1.57 | +8.28% |
| Aug 12, 2024 | $1.32 | $1.22 | -7.58% |
| Apr 30, 2024 | $2.09 | $1.86 | -11.00% |
| Mar 27, 2024 | $1.82 | $1.37 | -24.73% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does urban-gro (UGRO) report earnings?
urban-gro (UGRO) is schdueled to report earning on Mar 26, 2025, TBA Not Confirmed.
What is urban-gro (UGRO) earnings time?
urban-gro (UGRO) earnings time is at Mar 26, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is UGRO EPS forecast?
UGRO EPS forecast for the fiscal quarter 2024 (Q4) is -0.04.
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