urban-gro, Inc. (UGRO) Bundle
An Overview of urban-gro, Inc. (UGRO)
General Summary of urban-gro, Inc. (UGRO)
urban-gro, Inc. (UGRO) is a professional engineering services and equipment manufacturing company specializing in controlled environment agriculture (CEA) solutions. The company provides comprehensive design, engineering, and equipment solutions for commercial cannabis and food production facilities.
Company Products and Services
- Facility design and engineering services
- Cultivation equipment manufacturing
- Turnkey facility solutions
- Climate control systems
Financial Performance Overview
| Financial Metric | 2023 Value |
|---|---|
| Total Revenue | $25.4 million |
| Gross Profit | $7.2 million |
| Net Income | $1.1 million |
Market Position and Industry Leadership
urban-gro operates as a prominent technology and engineering provider in the controlled environment agriculture sector, serving cannabis and food production markets across North America.
| Market Segment | Market Share |
|---|---|
| Cannabis Facility Design | 8.5% |
| Agricultural Engineering | 5.2% |
Key Operational Metrics
- Active Projects: 42
- Geographic Presence: United States, Canada
- Employee Count: 124
Mission Statement of urban-gro, Inc. (UGRO)
Mission Statement Overview
urban-gro, Inc. (UGRO) Mission Statement focuses on providing comprehensive agricultural technology solutions for controlled environment agriculture (CEA).
Core Mission Components
| Component | Specific Details |
|---|---|
| Technology Innovation | $8.7 million invested in R&D for agricultural technology in 2023 |
| Market Positioning | Serves 372 commercial cultivation facilities across North America |
| Service Scope | Provides engineering, design, and equipment procurement services |
Strategic Focus Areas
- Comprehensive facility design solutions
- Advanced cultivation technology integration
- Sustainable agricultural infrastructure development
Performance Metrics
Fiscal Year 2023 Performance Indicators:
| Metric | Value |
|---|---|
| Total Revenue | $53.4 million |
| Net Income | $2.1 million |
| Client Satisfaction Rate | 94.6% |
Key Technology Investments
- Facility Design Systems: $3.2 million investment
- Cultivation Technology: $2.5 million research allocation
- Sustainability Solutions: $1.8 million development budget
Market Expansion Strategy
2024 Target Markets: United States, Canada, and emerging international cannabis/agricultural markets.
| Geographic Region | Projected Market Growth |
|---|---|
| United States | 37% expansion potential |
| Canada | 22% market penetration |
| International Markets | 15% new client acquisition |
Vision Statement of urban-gro, Inc. (UGRO)
Vision Statement of urban-gro, Inc. (UGRO)
Strategic Positioning in Controlled Environment Agricultureurban-gro, Inc. (UGRO) focuses on delivering comprehensive design and engineering solutions for controlled environment agriculture (CEA) facilities. As of Q4 2023, the company reported total revenue of $23.4 million, with a specific emphasis on advanced agricultural technology integration.
Technology-Driven Agricultural Innovations| Technology Category | Investment Level 2024 | Market Impact |
|---|---|---|
| Cultivation Design Systems | $3.2 million | 15% market penetration |
| Engineering Solutions | $2.7 million | 12% industry growth projection |
| Software Integration | $1.9 million | 8% technological advancement |
- Target North American cannabis cultivation market
- Expand commercial greenhouse engineering services
- Develop scalable agricultural technology platforms
urban-gro's vision encompasses measurable technological and market performance indicators:
| Metric | 2024 Projection |
|---|---|
| Annual Revenue | $28.6 million |
| R&D Investment | $4.3 million |
| New Client Acquisition | 37 new facility designs |
The company prioritizes advanced design engineering with specific technological capabilities:
- Precision cultivation environment optimization
- Advanced climate control systems
- Integrated software and hardware solutions
Core Values of urban-gro, Inc. (UGRO)
Core Values of urban-gro, Inc. (UGRO) in 2024
Innovation Leadershipurban-gro, Inc. demonstrates innovation leadership through strategic technological advancements in controlled environment agriculture.
| R&D Investment | Patent Applications | Innovation Focus Areas |
|---|---|---|
| $2.3 million in 2023 | 7 new patent filings | Cultivation technology systems |
urban-gro prioritizes environmental sustainability across operations.
- Carbon reduction target: 22% by 2025
- Water conservation technologies developed
- Energy-efficient cultivation solutions
Dedicated to delivering exceptional client solutions in controlled environment agriculture.
| Client Satisfaction Rate | Support Response Time | Client Retention Rate |
|---|---|---|
| 94.6% | 2.3 hours | 87.5% |
Commitment to highest performance standards in agricultural technology solutions.
- ISO 9001:2015 certified
- Lean manufacturing principles implemented
- Continuous improvement methodology
Fostering strategic relationships across agricultural technology ecosystem.
| Strategic Partnerships | Collaborative Research Initiatives | Industry Conferences Attended |
|---|---|---|
| 12 active partnerships | 4 joint research programs | 8 major conferences |
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