Urban-gro trims losses in Q4

LAFAYETTE — Indoor agricultural engineering firm Urban-gro Inc. (Nasdaq: UGRO) posted record revenues in the fourth quarter, cutting its losses by more than half compared with Q4 in fiscal year 2019. 

Quarterly revenues were $9.2 million in Q4, up 30% year over year. 

Still, the company posted a loss for the period of about $1.1 million. That’s down from more than $2.6 million in losses in Q4 2019.

“While experiencing project-related challenges in the first half of the year due to the pandemic, 2020 ultimately turned out to be the company’s best year since inception,” Urban-gro CEO Bradley Nattrass…