urban-gro Inc. (UGRO) Financial Statements (2024 and earlier)

Company Profile

Business Address 1751 PANORAMA PT
LAFAYETTE, CO 80026
State of Incorp. DE
Fiscal Year End December 31
Industry (SIC) 508 - Machinery, Equipment, And Supplies (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in thousands)

3/31/2024
MRQ
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments1,11312,00834,5921841,1791,179
Cash and cash equivalents1,11312,00834,5921841,1791,179
Receivables26,99215,38013,1269771,615624
Inventory, net of allowances, customer advances and progress billings  3205155376761,214
Inventory  3205155376761,214
Prepaid expense1,3801,346588366  
Other current assets43398   
Other undisclosed current assets11,4255,46410,6533,181529929
Total current assets:40,95234,55859,4815,2453,9983,945
Noncurrent Assets
Operating lease, right-of-use asset2,0412,61969089216
Property, plant and equipment1,4191,307207129165441
Intangible assets, net (including goodwill)19,96721,0239,56898798864
Goodwill15,57215,5727,992902902 
Intangible assets, net (excluding goodwill)4,3955,4511,575858664
Other noncurrent assets    8510697
Other undisclosed noncurrent assets  2,5594,2101,6261,9341,198
Total noncurrent assets:23,42727,50814,6752,9153,4091,799
TOTAL ASSETS:64,37962,06674,1568,1617,4085,745
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities29,48213,1579,9452,4525,4412,775
Accounts payable25,4119,9606,0676543,7541,631
Accrued liabilities4,0713,1973,8781,7981,6871,144
Deferred revenue6032,57113,3454,8792,915
Debt3,2053,833 3,723(2,689)3,479
Due to related parties   1,02519
Other undisclosed current liabilities8,8204,6951,7153,4925,6253,299
Total current liabilities:42,11124,25625,00614,54612,3179,571
Noncurrent Liabilities
Long-term debt and lease obligation   5421,02199 
Long-term debt, excluding current maturities    1,021  
Liabilities, other than long-term debt2,1983,078441   
Deferred income tax liabilities8171,033441  
Operating lease, liability1,3802,045542 99
Total noncurrent liabilities:2,1983,0789831,02199 
Total liabilities:44,30827,33425,98915,56712,4169,571
Equity
Equity, attributable to parent20,07134,73248,167(7,406)(5,008)(3,827)
Common stock14121252825
Treasury stock, value(12,046)(12,046)(7,683)   
Additional paid in capital88,90284,88378,67914,55311,8544,688
Accumulated deficit(56,799)(38,118)(22,840)(21,964)(16,891)(8,540)
Total equity:20,07134,73248,167(7,406)(5,008)(3,827)
TOTAL LIABILITIES AND EQUITY:64,37962,06674,1568,1617,4085,745

Income Statement (P&L) ($ in thousands)

3/31/2024
TTM
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
Revenues71,54367,03062,11325,83824,19020,051
Cost of revenue(61,251)(52,824)(47,353)(20,122)(17,564)(13,892)
Cost of goods and services sold(61,251)(52,824)(47,353)(20,122)(17,564)(78)
Gross profit:10,29214,20614,7605,7166,6266,159
Operating expenses(26,969)(26,843)(14,965)(8,461)(12,487)(9,959)
Operating loss:(16,677)(12,637)(205)(2,746)(5,861)(3,801)
Nonoperating expense(2,219)(2,963)(671)(2,328)(2,490)(95)
Investment income, nonoperating(98)274(334)(1,497)  
Loss, foreign currency transaction, before tax    (397)  
Interest and debt expense   (791)(558)(704)(120)
Loss from continuing operations before equity method investments, income taxes:(18,897)(15,600)(1,666)(5,632)(9,055)(4,016)
Other undisclosed income from continuing operations before income taxes   791558704 
Loss from continuing operations before income taxes:(18,897)(15,600)(876)(5,074)(8,351)(4,016)
Income tax benefit216322    
Loss from continuing operations:(18,681)(15,278)(876)(5,074)(8,351)(4,016)
Loss before gain (loss) on sale of properties:(876)(5,074)(8,351)(4,016)
Net loss:(18,681)(15,278)(876)(5,074)(8,351)(4,016)
Other undisclosed net income attributable to parent      120
Net loss available to common stockholders, diluted:(18,681)(15,278)(876)(5,074)(8,351)(3,896)

Comprehensive Income ($ in thousands)

3/31/2024
TTM
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
Net loss:(18,681)(15,278)(876)(5,074)(8,351)(4,016)
Comprehensive loss:(18,681)(15,278)(876)(5,074)(8,351)(4,016)
Other undisclosed comprehensive income, net of tax, attributable to parent      120
Comprehensive loss, net of tax, attributable to parent:(18,681)(15,278)(876)(5,074)(8,351)(3,896)

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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