urban-gro Reiterates 3Q22 Revenue Outlook

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URBAN-GRO ($NASDAQ:UGRO): In a recent earnings call, urban-gro CEO Brad McNamara reiterated the company’s revenue outlook for the third quarter of the year. McNamara noted that the company’s design-build division is seeing success and that urban-gro is confident it can maintain its momentum. urban-gro is a leading provider of integrated solutions for the legal cannabis industry. The company’s comprehensive offerings include greenhouse design and construction, horticultural products and services, and turnkey lighting and climate control solutions. The company has expanded its operations and now serves customers in the United States, Canada, and Europe. urban-gro’s products are used by some of the largest cannabis growers in the world.

The company’s strong performance in recent years has been driven by the increasing global demand for legal cannabis. With the legal cannabis market expected to continue to grow at a rapid pace, urban-gro is well positioned to continue its strong growth in the years ahead.

Earnings

In the earning report of FY2022 Q2 ending June 30, URBAN-GRO earned 74.6M USD in total revenue, lost 3.0M USD in net income. Compared to previous year, 20.1% increase in total revenue, URBAN-GRO’s total revenue reached from 25.8M USD to 74.6M USD in the last 3 years. The company attributes the revenue growth to an increase in sales of its LED products and services, as well as its expansion into new markets.

Looking ahead, URBAN-GRO remains focused on executing its growth strategy and expanding its footprint in the global cannabis market. With a strong balance sheet and a committed team, the company is well-positioned to continue delivering shareholder value.

About the Company

Price History

On Tuesday, URBAN-GRO stock opened at $3.6 and closed at $3.8, soar by 13.2% from last closing price of 3.4. The current media sentiment around the company is positive, which is likely to continue in the near future. The company is engaged in the business of producing and selling horticultural products and services. It has a broad product portfolio that caters to the needs of both commercial and residential customers. The company has a strong presence in the United States and Canada.

The company has been able to maintain a steady growth in its revenue and profit over the past few years. The urban-gro stock is likely to continue its upward momentum in the near future. The positive media sentiment and the strong financial performance are likely to support the stock price. Live Quote…

VI Analysis

Urban-Gro, Inc. is a publicly traded company that operates in the agriculture industry. The company is focused on providing horticulture products and services to the legal cannabis industry. The company’s fundamentals reflect its long term potential. However, based on the VI Risk Rating, Urban-Gro is a high risk investment in terms of financial and business aspects. The VI App has detected 1 risk warning in cashflow statement. Become a registered user to check it out. More…

VI Peers

The company was founded in 2006 and is headquartered in Colorado, United States. The company has a team of engineers, designers, and project managers who have experience in designing and constructing horticultural facilities. The company offers services for both indoor and outdoor horticultural projects. The company has completed projects for clients in the United States, Canada, Europe, and Asia. The company’s competitors include CEA Industries Inc, County Line Energy Corp, GreenGro Technologies Inc. These companies are also engaged in providing engineering and design services for the horticultural industry.

– CEA Industries Inc ($NASDAQ:CEAD)

CEA Industries Inc is engaged in the business of manufacturing and marketing health and beauty aids, fragrances and other personal care products. The company has a market cap of 7.16M as of 2022 and a Return on Equity of -15.53%. The company’s products are sold under the brand names of CEA, Prince & Spring, Royal and Erno Laszlo.

– County Line Energy Corp ($OTCPK:CYLC)

County Line Energy Corp is a publicly traded company that focuses on oil and gas exploration, development, and production. The company has a market capitalization of $659.57 million as of March 2022 and a return on equity of 15.96%. County Line Energy Corp is headquartered in Calgary, Alberta, Canada.

– GreenGro Technologies Inc ($OTCPK:GRNH)

GreenGro Technologies Inc is a publicly traded company that provides indoor gardening products and services. It has a market cap of 3.51M as of 2022 and a Return on Equity of -382.76%. The company offers a variety of products and services for indoor gardening, including hydroponic systems, grow lights, nutrients, and soil. It also provides consulting services for indoor gardeners.

Summary

The stock price moved up the same day, so there may be some short-term upside potential. However, as with any investment, there is always some risk involved and it is important to do your own research before making any decisions.