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LAFAYETTE, CO - urban-gro, Inc. (NASDAQ:UGRO), a professional services and Design-Build firm with a market capitalization of $8.63 million, has announced a significant contract with the Muscogee County School District in Georgia. The $1.2 million agreement involves providing architectural design services to enhance safety and security at the district’s schools. According to InvestingPro analysis, the company currently appears undervalued based on its Fair Value assessment, though investors should note the company’s weak financial health score of 1.22.
The project aims to enclose open-air breezeways at various older campuses, improving the structural cohesion and security of the facilities. urban-gro expects to recognize the majority of the revenue from this contract within the next three quarters of 2025. With the company’s upcoming earnings report scheduled for March 26, 2025, InvestingPro data shows analysts anticipate a challenging year ahead with projected sales decline.
Bradley Nattrass, Chairman and CEO of urban-gro, expressed the company’s pride in fortifying its partnership with the Muscogee County School District. Nattrass emphasized the importance of the project in fostering safer and more functional learning environments for students and educators in the Columbus, Georgia community. The contract comes at a crucial time for urban-gro, as InvestingPro reveals 17+ additional insights about the company’s financial position and market performance. Get the complete analysis and discover more undervalued opportunities at Investing.com’s Most Undervalued Stocks.
urban-gro specializes in offering architectural, engineering, and construction management solutions to various sectors, including Controlled Environment Agriculture (CEA), industrial, and healthcare. The firm is known for its innovative approach and commitment to delivering exceptional customer experiences.
The design enhancements for the Muscogee County School District are part of a broader initiative to modernize school infrastructures and ensure the well-being of those who use them daily.
This news is based on a press release statement and reflects the company’s current plans and expectations for the project’s impact on revenue and the district’s infrastructure. It is important to note that forward-looking statements are subject to risks and uncertainties that could cause actual results to differ materially from those projected.
In other recent news, urban-gro, Inc. has announced several significant developments. The company has embarked on a $4 million contract to design a hospital in the southeastern United States, with the construction phase valued at $80 million. Most of the revenue from this project is expected to be recognized within the current year. In another major move, urban-gro has secured a $6 million contract to supply LED lighting equipment to a leading North American cannabis operator, with revenue recognition anticipated in the first half of 2025. Additionally, the company has commenced construction on a $24 million vertically integrated cannabis facility in partnership with a Midwest-based Multi-State Operator, with revenue expected to be recognized within the current calendar year. These developments underscore urban-gro’s strategic focus on expanding its footprint in both the healthcare and Controlled Environment Agriculture sectors. The company’s CEO, Bradley Nattrass, has highlighted the importance of these partnerships and the trust built with clients. While these announcements include forward-looking statements, they are subject to various risks and uncertainties detailed in urban-gro’s filings with the Securities and Exchange Commission.
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