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Background urban-gro, Inc. ( we, us, our, the Company, or urban-gro ) was originally formed on March 20, 2014, as a Colorado limited liability company. On March 10, 2017, we converted to a Colorado corporation and exchanged shares of our common stock for every member s interest issued and outstanding on the date of conversion.
The business is unprofitable at the operating level (-103.52% margin). The thesis depends entirely on whether and when it reaches sustainable profitability.
Revenue declined 44.2% YoY. Margins deteriorated 12.4pp alongside, both lines moving the wrong way.
Net debt of $7M represents 13.6x FCF, leverage limits flexibility. Operating margin contracted 12.4pp YoY, cost discipline may be slipping.
Profitability & Returns
Revenue (FY)
$17M
▼ -44.2% YoY
Net Income (TTM)
-$21M
▲ +39.4% YoY
Op. Margin
-103.52%
▼ -12.4pp YoY
ROIC
-27.74%
▲ +19.1pp YoY
Cash Flow & Balance Sheet
FCF (FY)
$543K
▲ +118.4% YoY
Op. Cash Flow (TTM)
-$2M
▲ +129.8% YoY
Net Debt
$414K
Cash & Equiv.
$305K
3Y CAGR: -36.0%
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