Urban-gro reports quarterly results ‘below expectations’

LAFAYETTE — Urban-gro Inc. (Nasdaq: UGRO), an indoor agricultural engineering firm that primarily operates in the food and cannabis industries, took a step backwards in the second quarter of 2022.

The company, which has struggled with profitability at times throughout its history, appeared to be turning a corner last year, clawing within shouting distance of being in the black for the full 2021 fiscal year. 

But while revenue for the second quarter of 2022, up 27% from the same period last year, the company posted a net loss. 

That loss was $1.7 million, compared to net income of $1.3 million in the second…