company UGRO - SteadyBase

steadybase-$ company UGRO

account_id none on file

legal_name Flash Sports & Media Holdings, Inc.

ticker UGRO

cik 1706524

domain urban-gro.com

linkedin_company_url https://www.linkedin.com/company/urban-gro

entry_point_account_id none on file

name urban-gro Inc.

exchange OTC

sector Consumer Discretionary

sector index/company/sector/consumer-discretionary/

calls 4 filings 12 executives 13 family 0

why_nownone on file

calls

Further, and as demonstrated by the newly announced European contract, our IP also travels globally and very efficiently.

Nov 9, 2021 / receipt, needs a key / Brad Natras, CEO | earnings call 2021-11-09 | transcript f9ee9a37-0361-4aa5-a31b-712ed0c0917a | chars 4230-4351 | segment 4

And we actually started to see that a little bit before the start of the year. And we signed some commercial representation agreements at the time, which allowed us to penetrate earlier and start engaging with clients before we were allowed to travel successfully over again.

Nov 9, 2021 / receipt, needs a key / Brad Natras, CEO | earnings call 2021-11-09 | transcript f9ee9a37-0361-4aa5-a31b-712ed0c0917a | chars 19240-19515 | segment 18

Bottom line, we're reinvesting in the P&L, and it's based upon what I've been seeing since the last earnings call. The ad acquisition of 2WR, it's more successful than anticipated, which is great, but of course, it's resulted in us aggressively hiring, and We don't envision the demand slowing down at all. And so we're not hiring just to keep up with existing demand. We're hiring to take care and supply the meet the future demand as well in the first half of next year. Second is the European contract. We've been working on that for a while. So we've been accelerating our investment into urban grow European holdings. So we're hitting the ground running. But we're in a rapid growth mode right now and strong focus on top line, but we are well aware, as I've reported on past calls, and focused on maintaining positive adjusted EBITDA as well. But we're not burning cash, so we're keeping that in a strong position. And where we can acquire versus hire, we will absolutely - look at that initiative as well. But as for timing, one more thing I'd love to add. It's about building the brand. And trade shows in the controlled environment ag industry are traditionally a big deal. And they have a large turnout and it's a great chance to meet new clients. And so you will see an increased marketing spend in the European market as well.

Nov 9, 2021 / receipt, needs a key / Brad, CEO | earnings call 2021-11-09 | transcript f9ee9a37-0361-4aa5-a31b-712ed0c0917a | chars 34044-35382 | segment 33

With the European economies opening up from COVID, the U.S. opening up from COVID, and the travel restrictions coming down, are you seeing that as a tailwind in terms of your activity, new business activity? Can you comment on any tailwinds you might be getting from things just opening up in general vis-a-vis where they were a year ago?

Nov 9, 2021 / receipt, needs a key / Quinn Stills, analyst | earnings call 2021-11-09 | transcript f9ee9a37-0361-4aa5-a31b-712ed0c0917a | chars 36327-36665 | segment 35

filings

Donald Fell (1)(2)(3) 80 Director