Urban Historical Income Statement
| UGRO Stock | USD 1.43 0.11 7.14% |
Historical analysis of Urban Gro income statement accounts such as Interest Expense of 258.1 K, Selling General Administrative of 13.4 M, Total Revenue of 39.8 M or Gross Profit of 8.6 M can show how well Urban Gro performed in making a profits. Evaluating Urban Gro income statement over time to spot trends is a great complementary tool to traditional technical analysis and can indicate the direction of Urban Gro's future profits or losses.
Financial Statement Analysis is much more than just reviewing and examining Urban Gro latest accounting reports to predict its past. Macroaxis encourages investors to analyze financial statements over time for various trends across multiple indicators and accounts to determine whether Urban Gro is a good buy for the upcoming year.
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About Urban Income Statement Analysis
Urban Gro Income Statement consists of revenues and expenses along with the resulting net income or loss. It represents the profit for the accounting period attributable to Urban Gro shareholders. The income statement also shows Urban investors and management if the firm made money during the period reported. The result of an income statement is the net income that is calculated after subtracting the expenses from revenue. It is essential to investors both as an absolute measure as well as earnings per share (i.e., EPS).
Urban Gro Income Statement Chart
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Total Revenue
Total revenue comprises all receipts Urban Gro generated from the sale of its products or services. The total amount of income generated by the sale of goods or services related to the company's primary operations.Gross Profit
Gross profit is a required income statement account that reflects total revenue of Urban Gro minus its cost of goods sold. It is profit before Urban Gro operating expenses, interest payments and taxes. Gross profit is also known as gross margin. The profit a company makes after deducting the costs associated with making and selling its products, or the costs associated with providing its services.Cost Of Revenue
Cost of Revenue is found on Urban Gro income statement and represents the costs associated with goods and services Urban Gro provides. Indirect cost, such as salaries, is not included. In other words, cost of revenue is the total cost incurred to obtain a sale. It is more than the traditional cost of goods sold, since it includes specific selling and marketing activities.Total Operating Expenses
The total costs associated with the day-to-day operations of a business, excluding the cost of goods sold but including selling, general, and administrative expenses.Most accounts from Urban Gro's income statement are interrelated and interconnected. However, analyzing income statement accounts one by one will only give a small insight into Urban Gro current financial condition. On the other hand, looking into the entire matrix of income statement accounts, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Urban Gro. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in metropolitan statistical area. To learn how to invest in Urban Stock, please use our How to Invest in Urban Gro guide.At this time, Urban Gro's Net Interest Income is very stable compared to the past year. As of the 18th of November 2024, Depreciation And Amortization is likely to grow to about 1.7 M, while Interest Expense is likely to drop about 258.1 K.
| 2021 | 2022 | 2023 | 2024 (projected) | Gross Profit | 14.8M | 14.2M | 10.3M | 8.6M | Total Revenue | 62.1M | 66.3M | 71.5M | 39.8M |
Urban Gro income statement Correlations
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Urban Gro Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Urban Gro income statement Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Interest Expense | 2.0M | 1.5M | 970.1K | 54.6K | 271.7K | 258.1K | |
| Selling General Administrative | 11.0M | 8.1M | 15.0M | 22.5M | 23.7M | 13.4M | |
| Total Revenue | 24.2M | 25.8M | 62.1M | 66.3M | 71.5M | 39.8M | |
| Gross Profit | 6.6M | 5.7M | 14.8M | 14.2M | 10.3M | 8.6M | |
| Operating Income | (5.4M) | (2.7M) | (147.1K) | (12.6M) | (16.7M) | (15.8M) | |
| Net Income From Continuing Ops | (8.4M) | (5.1M) | (875.7K) | (15.3M) | (18.1M) | (17.2M) | |
| Ebit | (5.4M) | (3.6M) | (204.7K) | (15.5M) | (18.6M) | (17.7M) | |
| Cost Of Revenue | 17.6M | 20.1M | 47.4M | 52.1M | 61.3M | 31.2M | |
| Total Operating Expenses | 12.1M | 8.5M | 15.0M | 26.8M | 27.0M | 16.9M | |
| Income Before Tax | (8.4M) | (5.1M) | (875.7K) | (15.6M) | (18.9M) | (18.0M) | |
| Total Other Income Expense Net | (2.9M) | (2.3M) | (670.9K) | (3.0M) | (2.2M) | (2.3M) | |
| Net Income Applicable To Common Shares | (8.4M) | (5.1M) | (875.7K) | (15.3M) | (13.8M) | (13.1M) | |
| Net Income | (10.4M) | (6.3M) | (1.9M) | (15.3M) | (18.7M) | (17.7M) | |
| Net Interest Income | (2.0M) | (1.5M) | (970.1K) | 274.4K | 84.9K | 89.1K | |
| Depreciation And Amortization | (112.6K) | 258.4K | 495.3K | 1.5M | 1.6M | 1.7M | |
| Other Operating Expenses | 29.6M | 28.6M | 62.3M | 78.9M | 88.2M | 57.1M | |
| Ebitda | (5.5M) | (3.3M) | 290.5K | (14.1M) | (17.0M) | (16.1M) | |
| Reconciled Depreciation | 266.5K | 258.4K | 495.3K | 1.5M | 1.6M | 1.6M | |
| Income Tax Expense | 2.1M | 1.3M | 1.0M | (322.1K) | (215.9K) | (205.1K) |
Pair Trading with Urban Gro
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Urban Gro position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Urban Gro will appreciate offsetting losses from the drop in the long position's value.Moving against Urban Stock
| 0.68 | TWI | Titan International | PairCorr |
| 0.6 | WNC | Wabash National | PairCorr |
| 0.4 | NKLA | Nikola Corp | PairCorr |
| 0.36 | LNN | Lindsay | PairCorr |
| 0.32 | LEV | Lion Electric Corp | PairCorr |
The ability to find closely correlated positions to Urban Gro could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Urban Gro when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Urban Gro - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Urban Gro to buy it.
The correlation of Urban Gro is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Urban Gro moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Urban Gro moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Urban Gro can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Urban Gro. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in metropolitan statistical area. To learn how to invest in Urban Stock, please use our How to Invest in Urban Gro guide.You can also try the Idea Optimizer module to use advanced portfolio builder with pre-computed micro ideas to build optimal portfolio .
Is Industrial Machinery & Supplies & Components space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Urban Gro. If investors know Urban will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Urban Gro listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (1.36) | Revenue Per Share 6.067 | Quarterly Revenue Growth (0.07) | Return On Assets (0.14) | Return On Equity (0.64) |
The market value of Urban Gro is measured differently than its book value, which is the value of Urban that is recorded on the company's balance sheet. Investors also form their own opinion of Urban Gro's value that differs from its market value or its book value, called intrinsic value, which is Urban Gro's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Urban Gro's market value can be influenced by many factors that don't directly affect Urban Gro's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Urban Gro's value and its price as these two are different measures arrived at by different means. Investors typically determine if Urban Gro is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Urban Gro's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.