RTTNews | Aug 12, 2021 12:02PM EDT

12:02 Thursday, August 12, 2021 (RTTNews.com) - Shares of design and engineering company Urban-gro, Inc. (UGRO) are up 8 percent on Thursday's trading as the company turned to profit in the second quarter, helped by increased revenues and debt forgiveness.

The company posted net income of $1.3 million or $0.11 per share in the second quarter, compared to net loss of $1.6 million or $0.33 per share in the same period last year.

Revenues reached $12.8 million in the second quarter, up from $4.0 million in the year-ago period.

Currently at $10.99, the stock has traded between $0.06 and $162.00 during the 52 week period.

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