Urban-Gro reports Q2 EPS (50c), consensus (28c)

Reports Q2 revenue $18.84M, consensus $19.02M. Bradley Nattrass, chairman and CEO, commented, “Our second quarter performance marked another sequential improvement in revenues and Adjusted EBITDA, and as we anticipated, our cash position improved relative to the first quarter. We remain intensely focused on returning to positive Adjusted EBITDA, and see a pathway to this through the costs we’ve driven out of the business, our increasing revenues, and a systems-enhanced insight into project margin. Our performance was consistent with the expectations that we communicated in May, and is the product of our team’s unrelenting focus on expense optimization and working capital management.”