urban-gro Secures $4M Contract as Lead Design Firm for Medical Center
urban-gro (NASDAQ:UGRO) has secured a significant $4 million contract as the lead designer for a new hospital project in the southeastern United States. The company's architectural division will provide architectural, interior design, and project management services for the first phase of the development, which has an anticipated construction value of $80 million.
The project aims to enhance access to advanced medical care for the local community. The Company expects to recognize the majority of the project's revenue in 2025. Additionally, urban-gro will provide master planning and design services for an additional eighty acres of development in future phases.
urban-gro (NASDAQ:UGRO) ha ottenuto un importante contratto di 4 milioni di dollari come progettista principale per un nuovo progetto ospedaliero nel sud-est degli Stati Uniti. La divisione architettonica dell'azienda fornirà servizi di architettura, design degli interni e gestione del progetto per la prima fase dello sviluppo, che ha un valore di costruzione previsto di 80 milioni di dollari.
Il progetto mira a migliorare l'accesso a cure mediche avanzate per la comunità locale. L'azienda prevede di riconoscere la maggior parte delle entrate del progetto nel 2025. Inoltre, urban-gro fornirà servizi di pianificazione generale e design per ulteriori ottanta acri di sviluppo nelle fasi future.
urban-gro (NASDAQ:UGRO) ha asegurado un importante contrato de 4 millones de dólares como diseñador principal para un nuevo proyecto hospitalario en el sureste de Estados Unidos. La división arquitectónica de la empresa proporcionará servicios de arquitectura, diseño de interiores y gestión de proyectos para la primera fase del desarrollo, que tiene un valor de construcción anticipado de 80 millones de dólares.
El proyecto tiene como objetivo mejorar el acceso a atención médica avanzada para la comunidad local. La empresa espera reconocer la mayor parte de los ingresos del proyecto en 2025. Además, urban-gro proporcionará servicios de planificación maestra y diseño para un adicional de ochenta acres de desarrollo en fases futuras.
urban-gro (NASDAQ:UGRO)는 미국 남동부의 새로운 병원 프로젝트에 대한 주요 설계자로서 400만 달러 규모의 중요한 계약을 체결했습니다. 회사의 건축 부서는 8000만 달러의 예상 건설 가치를 가진 개발의 첫 번째 단계에 대한 건축, 인테리어 디자인 및 프로젝트 관리 서비스를 제공합니다.
이 프로젝트는 지역 사회의 고급 의료 접근성을 향상시키는 것을 목표로 하고 있습니다. 회사는 2025년에 프로젝트 수익의 대부분을 인식할 것으로 예상하고 있습니다. 또한, urban-gro는 향후 단계에서 추가로 80에이커의 개발을 위한 마스터 플래닝 및 디자인 서비스를 제공할 것입니다.
urban-gro (NASDAQ:UGRO) a obtenu un contrat significatif de 4 millions de dollars en tant que concepteur principal pour un nouveau projet hospitalier dans le sud-est des États-Unis. La division architecturale de l'entreprise fournira des services d'architecture, de design d'intérieur et de gestion de projet pour la première phase du développement, qui a une valeur de construction prévue de 80 millions de dollars.
Le projet vise à améliorer l'accès aux soins médicaux avancés pour la communauté locale. L'entreprise s'attend à reconnaître la majorité des revenus du projet en 2025. De plus, urban-gro fournira des services de planification générale et de conception pour quatre-vingts acres supplémentaires de développement lors des phases futures.
urban-gro (NASDAQ:UGRO) hat einen bedeutenden Vertrag über 4 Millionen Dollar als Hauptdesigner für ein neues Krankenhausprojekt im Südosten der Vereinigten Staaten gesichert. Die Architektursparte des Unternehmens wird architektonische, Innenarchitektur- und Projektmanagement-Dienstleistungen für die erste Phase der Entwicklung anbieten, die einen voraussichtlichen Bauwert von 80 Millionen Dollar hat.
Das Projekt zielt darauf ab, den Zugang zu fortschrittlicher medizinischer Versorgung für die lokale Gemeinschaft zu verbessern. Das Unternehmen erwartet, den Großteil der Projektumsätze im Jahr 2025 zu realisieren. Darüber hinaus wird urban-gro Masterplanung und Designleistungen für zusätzliche achtzig Acres Entwicklung in zukünftigen Phasen anbieten.
- $4M contract secured for architectural services
- Project's first phase valued at $80M in construction
- Additional revenue potential from future 80-acre development phases
- Majority of revenue to be recognized in 2025
- None.
Insights
Urban-gro's $4 million contract to lead design services for an $80 million hospital project represents a transformative opportunity for this micro-cap company. With a market capitalization of just $9.7 million, this single contract equals 41% of UGRO's entire market value, potentially serving as a significant catalyst for share price appreciation.
The contract's structure offers both immediate and long-term benefits. Management's statement that "the majority of the project's revenue" will be recognized this year suggests a substantial boost to 2025 financial performance, likely distributed across multiple quarters based on project milestones. More strategically valuable is the master planning and design services for an additional eighty acres in future phases, which could generate multiples of this initial contract value over several years.
This win demonstrates UGRO's successful diversification from its roots in controlled environment agriculture into higher-margin professional services within healthcare - a sector with more stable demand patterns and less regulatory uncertainty. Professional design services typically command margins of 15-25%, potentially improving UGRO's overall profitability profile.
The contract does introduce concentration risk, with a significant portion of near-term revenue tied to a single client and project. Implementation challenges, scope changes, or payment delays could impact expected revenue timing. However, establishing a foothold with a "longstanding regional healthcare client" positions UGRO for additional healthcare projects beyond this initial engagement, potentially transforming the company's growth trajectory and investor perception.
LAFAYETTE, CO / ACCESS Newswire / February 26, 2025 / urban-gro, Inc. (NASDAQ:UGRO) ("urban-gro" or the "Company"), an integrated professional services and Design-Build firm offering solutions to multiple sectors, today announced that its architectural division has signed the first phase of a professional services agreement valued at approximately
With an anticipated phase one project construction value of
"We look forward to utilizing our deep knowledge and understanding of the intricacies that come with healthcare design to help shape this new medical center," said Bradley Nattrass, Chairman and CEO of urban-gro. "Our team's innovative approach thoughtfully integrates functionality with a human-centered focus, ensuring a high quality and compassionate healthcare experience for all who interact with the space."
About urban-gro, Inc.
urban-gro, Inc.® (NASDAQ:UGRO) is an integrated professional services and Design-Build firm. We offer value-added architectural, engineering, and construction management solutions to the Controlled Environment Agriculture ("CEA"), industrial, healthcare, and other commercial sectors. Innovation, collaboration, and creativity drive our team to provide exceptional customer experiences. With offices across North America and in Europe, we deliver Your Vision - Built. Learn more by visiting www.urban-gro.com.
Safe Harbor Statement
This press release contains forward looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. When used in this release, terms such as "will," "aims," "anticipates," "may," "look forward," "projects" and similar expressions and variations as they relate to the Company or its management are intended to identify forward-looking statements. The forward-looking statements in this press release include, without limitation, the expected magnitude and timing of revenue to be recognized from the design project described herein. These and other forward-looking statements are based on current expectations, forecasts, and assumptions that involve risks and uncertainties that could cause actual outcomes and results to differ materially from those anticipated or expected, including, among others, our ability to accurately forecast revenues and costs, our ability to predict and respond to new laws and governmental regulatory actions, including delays granting licenses to clients or potential clients and delays in passage of legislation expected to benefit our clients or potential clients, risks related to adverse weather conditions, supply chain issues, rising interest rates, economic downturn or other factors that could cause delays or the cancellation of projects in our backlog or our ability to secure future projects, our ability to maintain favorable relationships with suppliers, risks associated with reliance on key customers and suppliers, our ability to attract and retain key personnel, and risks related to our information technology systems and infrastructure. A more detailed description of these and certain other factors that could affect actual results is included in the Company's filings with the Securities and Exchange Commission. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof. The Company undertakes no obligation to update any forward-looking statements to reflect events or circumstances after the date hereof, except as may be required by law.
Investor Contact:
Jeff Sonnek - ICR, Inc.
(720) 730-8160
investors@urban-gro.com
Media Contact:
Barbara Graham - urban-gro, Inc.
(720) 903-1139
media@urban-gro.com
SOURCE: urban-gro, Inc.
View the original press release on ACCESS Newswire
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