UGRO Stock Earnings: Urban-gro Misses EPS, Misses Revenue for Q4 2023

Urban-gro’s Struggle: Q4 2023 Earnings Review

Urban-gro, trading on NASDAQ under the ticker symbol UGRO, recently laid bare its financial performance for the last quarter of 2023. The figures, at first glance, are far from rosy.

The company startled investors by reporting a bleak earnings per share of -34 cents, a stark divergence from the anticipated EPS of -13 cents. Furthermore, Urban-gro’s revenue figures revealed a distressing narrative—totaling a mere $15.01 million, 48.15% below the projected $28.94 million in revenue.

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