Urban-gro in the black for the first time

LAFAYETTE — Indoor agricultural engineering firm Urban-gro Inc. (Nasdaq: UGRO) posted a quarterly profit for the first time in the company’s eight-year history.

For the period that ended June 30, the Lafayette firm had net income of more than $1.25 million on record sales of nearly $12.2 million. That’s compared with a loss of nearly $1.57 million on revenues of roughly $3.1 million.

“I am excited that we achieved positive net income for the first time in our company’s eight-year history. Our backlog of signed contracts continues to build, which demonstrates a strong runway for the second half of…