The latest announcement is out from urban-gro ( (UGRO) ).
On April 16, 2025, urban-gro, Inc. received a notice from Nasdaq indicating non-compliance with Listing Rule 5250(c)(1) due to the delayed filing of its Annual Report on Form 10-K for the fiscal year ended December 31, 2024. The delay was attributed to restatements of previous financial statements and turnover in the finance department. The company has until June 16, 2025, to submit a compliance plan to Nasdaq, with a potential extension until October 13, 2025, if accepted. This notice does not immediately affect the company’s stock listing on the Nasdaq Capital Market.
Spark’s Take on UGRO Stock
According to Spark, TipRanks’ AI Analyst, UGRO is a Underperform.
urban-gro’s overall stock score is low due to significant financial, technical, and corporate challenges. The company’s negative profitability and weak balance sheet weigh heavily on its financial health. Additionally, technical indicators point to continued downward momentum, with substantial risks from potential Nasdaq delisting adding to investor concerns. While there is some improvement in cash flow, it is overshadowed by persistent financial and operational issues.
To see Spark’s full report on UGRO stock, click here.
More about urban-gro
urban-gro, Inc. is an integrated professional services and Design-Build firm offering architectural, engineering, and construction management solutions to the Controlled Environment Agriculture (CEA), industrial, healthcare, and other commercial sectors. The company operates with offices across North America and Europe.
YTD Price Performance: -50.86%
Average Trading Volume: 207,537
Technical Sentiment Signal: Buy
Current Market Cap: $8.35M
See more data about UGRO stock on TipRanks’ Stock Analysis page.