Business
Urban Infrastructure Group Inc. Reports the Filing of June 30th, 2025, Q3 Interim Financial Results and MD&A
Highlights: Revenue for Q3 2025 was $1.5M compared to prior year Q3 revenue of $662K Rev...
About this update from Urban Infrastructure Group Inc.
[{"type":"text","content":"Urban Infrastructure Group Inc. Reports the Filing of June 30th, 2025, Q3 Interim Financial Results and MD&AHighlights: Revenue for Q3 2025 was $1.5M compared to prior year Q3 revenue of $662K Revenue for the nine months ended was $3.9M compared to $4.2M for the same period in 2024 Continued cost control and reduction in operating expense through ongoing staffing and discretionary expense optimization Independent director Steve Kazas exercises options bolstering working capital Recently awarded contract valued at ~$2M scheduled for September 2025 in the town of Milton, OntarioToronto, Ontario--(Newsfile Corp. - August 29, 2025) - Urban Infrastructure Group Inc. (TSXV: UIG) (\"urban\" or the \"Company\"), a leading stage-one concrete and drainage infrastructure construction group, specializing in large scale new residential housing developments, announces its financial results for three and nine months ended June 30, 2025. All financial information is provided in Canadian dollars unless otherwise indicated. The Consolidated Financial Statements and Management Discussion and Analysis (\"MD&A\") for the three and nine months ended June 30, 2025, are available on the Company's SEDAR profile at www.sedarplus.ca. Gary Alves stated, \"Urban continues to execute on its core business, while increasing its focus on diversification and vertical integration. While the current market conditions are challenging for the home construction industry as a whole, for those who are nimble and innovative, there are opportunities. We at Urban remain committed to our core values of quality, trust and customer focus, while at the same time embracing the change.\" Management Commentary on the Third Quarter of Fiscal 2025 The Company recorded a net loss of $527,955 ($0.01 per share) for the three-month period ended June 30, 2025, as compared to net loss of $910,034 ($0.01 per share) for the three-month period ended June 30, 2024. The decrease in net loss is mostly the result of the one-time, first year go public expense in the June 30, 2024 quarter.Revenues for the three-month period ended June 30, 2025, increased to $1.5M as compared to revenue of $662K for the three-month period ended June 30, 2024. The cost of sales for the three-month period ended June 30, 2025, was $1.3M compared to $1M for the three-month period ended June 30, 2024. About Urban ...