URBAN-GRO Secures $20 Million Design-Build Contract
January 4, 2024
☀️Trending News
URBAN-GRO ($NASDAQ:UGRO), an agricultural technology company, has recently been awarded a design-build contract valued at around $20 million. This contract is a major achievement for the company, which is focused on creating innovative, reliable solutions to improve the indoor growing of plants, herbs, and vegetables. URBAN-GRO is dedicated to helping growers produce healthier and higher-yielding crops through the use of advanced environmental controls and automation. The company’s products and services make it easier for growers to maintain ideal growing conditions with minimal effort. From LED lighting and climate control systems to irrigation and fertigation systems, URBAN-GRO is committed to helping farmers maximize their yields while controlling costs.
The recent $20 million design-build contract will help URBAN-GRO expand its reach in the indoor farming space. With this contract, the company can design and build energy-efficient and fully automated growing systems that make it easier for growers to maximize their yields. The contract is also expected to bolster the company’s financial position and help it continue its growth trajectory in the years to come.
Share Price
This news, along with positive investor sentiment surrounding the announcement, saw URBAN-GRO‘s stock open at $1.4 and close at the same price, up by 0.7% from the previous closing price of 1.4. This notable contract marks a major milestone for URBAN-GRO, and traders seemed to have taken this news as a sign of potential growth for the company and its stock. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Urban-gro. More…
| Total Revenues | Net Income | Net Margin |
| 73.86 | -18.14 | -20.1% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Urban-gro. More…
| Operations | Investing | Financing |
| -10.15 | 0.38 | -4.07 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Urban-gro. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 58.64 | 34.48 | 2.07 |
Key Ratios Snapshot
Some of the financial key ratios for Urban-gro are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 45.9% | – | -24.6% |
| FCF Margin | ROE | ROA |
| -14.8% | -44.6% | -19.4% |
Analysis
As part of our fundamental analysis of URBAN-GRO, we used the GoodWhale Star Chart to evaluate the company’s performance. According to our assessment, URBAN-GRO is strong in growth, medium in asset, profitability and weak in dividend. Based on this pattern, we have concluded that URBAN-GRO is a ‘cheetah’ type of company, which typically has achieved high revenue or earnings growth but is considered less stable due to lower profitability. Given these characteristics of URBAN-GRO, investors who are looking for a higher reward with a higher risk should consider investing in the company. However, URBAN-GRO has a low health score of 2/10, considering its cashflows and debt, suggesting that it is less likely to pay off debt and fund future operations. Therefore, investors should exercise caution when considering URBAN-GRO as an investment. More…
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
Urban-Gro, a leading provider of cannabis growing solutions, has secured a design-build contract valued at approximately $20 million. Investing analysis of Urban-Gro shows that the company is well positioned to handle the contract and expand its operations due to its strong track record of providing innovative and successful cannabis growing solutions. The contract is expected to help the company’s revenue growth and further strengthen its financial position. Investors are likely to benefit from Urban-Gro’s increasing market share and the potential for continued growth in the cannabis industry.
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