urban-gro (NASDAQ:UGRO) Full Year 2023 Results

Key Financial Results

• Revenue: US$71.5m (up 6.7% from FY 2022).
• Net loss: US$18.7m (loss widened by 22% from FY 2022).
• US$1.66 loss per share (further deteriorated from US$1.44 loss in FY 2022).

All figures shown in the chart above are for the trailing 12 month (TTM) period

urban-gro Revenues and Earnings Miss Expectations

Revenue missed analyst estimates by 15%. Earnings per share (EPS) also missed analyst estimates by 17%.

Looking ahead, revenue is forecast to grow 23% p.a. on average during the next 3 years, compared to a 3.4% growth forecast for the Machinery industry in the US.

Performance of the American Machinery industry.

The company's shares are down 37% from a week ago.

Risk Analysis

It is worth noting though that we have found 5 warning signs for urban-gro (2 are a bit concerning!) that you need to take into consideration.

This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.