CEA Industries Inc. provides technology, engineering, and other services to the controlled environment agriculture (CEA) industry worldwide. It offers floor plans and architectural design for cultivation facilities; licensed mechanical, electrical, and plumbing engineering services for commercial scale environmental control systems that are specific to cultivation facilities; and process cooling systems and other climate control systems. The company also provides air handling equipment and systems; LED lighting; benching and racking solutions for indoor cultivation; automation and control devices, systems, and technologies for environmental, lighting, and climate control applications; and preventive maintenance services for CEA facilities. It serves commercial, as well as state- and provincial-regulated CEA growers. The company was formerly known as Surna Inc. and changed its name to CEA Industries Inc. in November 2021. CEA Industries Inc. was founded in 2006 and is headquartered in Louisville, Colorado.
IPO Year:
Exchange: NASDAQ
Website: https://www.ceaindustries.com
NUBURU, Inc. ("NUBURU" or the "Company") (NYSE:BURU), a leading innovator in high-power and high-brightness industrial blue laser technology, today announced the appointment of Brian Knaley as the Company's new Chief Executive Officer, replacing Dr. Mark Zediker, who has left the Company to pursue other opportunities. Mr. Knaley has also joined NUBURU's Board of Directors upon assuming the role. Mr. Knaley, who had served as the Company's Chief Financial Officer since February 2022, has over 25 years of experience in finance and operations. Prior to joining NUBURU, Mr. Knaley served as the chief financial officer of CEA Industries Inc. (NASDAQ:CEAD), a provider of controlled environmental
Three-time public company CFO joins NUBURU with deep experience in leading business transformation and optimization of financial processes on a global scale NUBURU®, the industry leader in high power and high brightness industrial blue lasers, today announced that it has appointed Brian Knaley as Chief Financial Officer. In this strategic role, Mr. Knaley will oversee all aspects of finance and investor relations as NUBURU accelerates and implements its growth strategy to expand the presence of its blue laser technology across target markets. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20220322005131/en/Three-time public compan
Ian K. Patel, Citigroup veteran and Wharton MBA, Named CFO Louisville, Colorado, March 15, 2022 (GLOBE NEWSWIRE) -- CEA Industries Inc. (NASDAQ:CEAD), a leader in controlled environment agriculture (CEA) systems engineering and technologies, announced today the appointment of Ian K. Patel as Chief Financial Officer and Treasurer of the Company, effective March 11, 2022. "Ian brings a proven track record of delivering results and accelerating growth, and our Board of Directors and I are thrilled to welcome him to the executive management team," said Tony McDonald, CEA Industries Chairman and CEO. "Ian's extensive experience advising and leading organizations in their finance activities wi
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Louisville, Colorado, Nov. 14, 2024 (GLOBE NEWSWIRE) -- CEA Industries Inc. (NASDAQ:CEAD, CEADW)) ("CEA Industries" or the "Company"), is reporting results for the three months ended September 30, 2024. Third Quarter 2024 Financial Summary (in $ thousands, excl. margin items): Q3 2024(unaudited)Q2 2024(unaudited)Q3 2023(unaudited)Revenue$391 $1,761 $914 Gross Profit (Loss)$(70)$180 $(104)Operating Expenses$677 $657 $703 Net Income/(Loss)$(740)$(470)$(799) "Throughout 2024, we have maintained a disciplined approach to cost management, prioritizing capital preservation as we work through our remaining project backlog," said Tony McDonald, Chairman and CEO of CEA Industries. "In alignment w
Louisville, Colorado, Aug. 14, 2024 (GLOBE NEWSWIRE) -- CEA Industries Inc. (NASDAQ:CEAD, CEADW))) ("CEA Industries" or the "Company"), is reporting results for the three months ended June 30, 2024. Second Quarter 2024 Financial Summary (in $ thousands, excl. margin items): Q2 2024(unaudited) Q1 2024(unaudited) Q2 2023(unaudited) Revenue $1,761 $235 $1,064 Gross Profit $180 $(154) $79 Operating Expenses $657 $769 $783 Net Income/(Loss) $(470) $(917) $(694) "We continue to operate under the lean cost structure we implemented last year, with a focus on expense reduction and capital preservation as we work through our remaining backlog of projects," said Tony McDonald, Chairman
Louisville, Colorado, May 14, 2024 (GLOBE NEWSWIRE) -- CEA Industries Inc. (NASDAQ:CEAD, CEADW))) ("CEA Industries" or the "Company"), is reporting results for the three months ended March 31, 2024. First Quarter 2024 Financial Summary (in $ thousands, excl. margin items): Q1 2024(unaudited) Q4 2023(unaudited) Q1 2023(unaudited) Revenue $235 $251 $4,683 Gross Profit $(154) $(286) $853 Operating Expenses $769 $709 $1,299 Net Income/(Loss) $(917) $(988) $(431) "We continue to address the level of our expenses in support of our ongoing strategic review process," said Tony McDonald, Chairman and CEO of CEA Industries. "To demonstrate our commitment to our shareholders and
Louisville, Colorado, March 28, 2024 (GLOBE NEWSWIRE) -- CEA Industries Inc. (NASDAQ:CEAD, CEADW))) ("CEA Industries" or the "Company"), is reporting results for the three and twelve months ended December 31, 2023. Fourth Quarter 2023 Financial Summary (in $ thousands, excl. margin items): Q4 2023(unaudited)Q3 2023(unaudited)Q4 2022(unaudited)Revenue$251 $914 $1,461 Gross Profit$(286)$(104)$151 Gross Margin (113.8%) (11.4%) 10.3%Operating Expenses$709 $703 $1,433 Net Income/(Loss)$(988)$(799)$(1,272) Full Year 2023 Financial Summary (in $ thousands, excl. margin items): FY 2023FY 2022Revenue$6,911 $11,283 Gross Profit$542 $1,145 Gross Margin 7.8% 10.1%Operating Expenses$3,495 $6,869 N
Louisville, Colorado, Nov. 14, 2023 (GLOBE NEWSWIRE) -- CEA Industries Inc. (NASDAQ:CEAD, CEADW))) ("CEA Industries" or the "Company"), is reporting results for the three months ended September 30, 2023. Third Quarter 2023 Financial Summary (in $ thousands, excl. margin items): Q3 2023Q2 2023Q3 2022Revenue$914 $1,064 $5,063 Gross Profit (Loss)$(104)$79 $597 Gross Margin (11.4%) 7.4% 11.8%Operating Expenses$703 $783 $1,656 Net Income/(Loss)$(799)$(694)$(1,042) "Given the state of our operations, our current corporate assets, and our service position in the cannabis and controlled agricultural sectors, our focus is to work through our backlog and take action to mitigate operating expense
- Management to Host Conference Call Today at 4:15pm E.T. - Louisville, Colorado, Aug. 14, 2023 (GLOBE NEWSWIRE) -- CEA Industries Inc. (NASDAQ:CEAD, CEADW))) ("CEA Industries" or the "Company"), is reporting results for the three months ended June 30, 2023. "The cannabis market environment continues to present challenges as operators contend with the prolonged effects of pricing and inflationary pressure," said Tony McDonald, Chairman and CEO of CEA Industries. "The controlled agricultural sector is also experiencing reorganization and reduced investment. As a result, capital expenditures across both sectors remain suppressed, which is impacting our net bookings. To offset these headwin
- Q1 Revenue Increases to $4.7 Million -- Net Bookings Return to Modest QoQ Growth; Industry Headwinds Persist - Louisville, Colorado, May 15, 2023 (GLOBE NEWSWIRE) -- CEA Industries Inc. (NASDAQ:CEAD, CEADW))) ("CEA Industries" or the "Company"), is reporting results for the three months ended March 31, 2023. "Q1 results reflect the completion of some previously delayed projects as well as the successful implementation of our cost cutting initiatives," said Tony McDonald, Chairman and CEO of CEA Industries. "We experienced double-digit growth in revenue and material operating expense savings. Although these results are a step in the right direction, we recognize the market continues
Louisville, Colorado, May 01, 2023 (GLOBE NEWSWIRE) -- CEA Industries Inc. (NASDAQ:CEAD, CEADW))) ("CEA Industries" or the "Company"), will host a conference call on Monday, May 15, 2023, to discuss its results for the first quarter ended March 31, 2023. CEA management will host the conference call, followed by a question-and-answer session. Date: Monday, May 15, 2023Time: 4:15 p.m. ETDial: 1-973-528-0008Access Code: 704185Webcast URL: https://www.webcaster4.com/Webcast/Page/2893/48284 Interested parties may submit questions to the Company prior to the call by emailing [email protected]. For those unable to participate in the conference call at that time, a replay will be available
Louisville, Colorado, March 28, 2023 (GLOBE NEWSWIRE) -- CEA Industries Inc. (NASDAQ:CEAD, CEADW))) ("CEA Industries" or the "Company"), is reporting results for the three and twelve months ended December 31, 2022. "The market environment for cannabis has continued to face headwinds as operators contend with pricing pressure and inflationary impacts on consumer wallets, " said Tony McDonald, Chairman and CEO of CEA Industries Inc. "As a result, capital expenditures in the sector have slowed significantly, leading to project and buildout delays which are negatively impacting our business. In response to the challenged environment, we have focused on diversifying our customer base beyond ca
Louisville, Colorado, March 14, 2023 (GLOBE NEWSWIRE) -- CEA Industries Inc. (NASDAQ:CEAD, CEADW))) ("CEA Industries" or the "Company"), will host a conference call on Tuesday, March 28, 2023, to discuss its results for the fourth quarter and full year ended December 31, 2022. CEA management will host the conference call, followed by a question-and-answer session. Date: Tuesday, March 28, 2023Time: 4:30 p.m. ETDial: 1-973-528-0008Access Code: 901537Webcast URL: https://www.webcaster4.com/Webcast/Page/2893/47830 Interested parties may submit questions to the Company prior to the call by emailing [email protected]. For those unable to participate in the conference call at that
Louisville, Colorado, May 15, 2025 (GLOBE NEWSWIRE) -- CEA Industries Inc. (NASDAQ:CEAD, CEADW)) ("CEA Industries" or the "Company"), is reporting results for the three months ended March 31, 2025. First Quarter 2025 Financial Summary (in $ thousands, excl. margin items): Q1 2025(unaudited) Q4 2024(unaudited) Q1 2024(unaudited) Revenue $713 $417 $235 Gross Profit (Loss) $39 $(175) $(154)Operating Expenses $1,113 $850 $769 Net Income/(Loss) $(1,069) $(1,019) $(917) "We continue to uphold our lean operating model, emphasizing disciplined expense management and capital preservation as we support our pending acquisition and work through our remaining backlog," said Tony
Transaction reflects CEA Industries' strategic evolution and pivotal entry into attractive high-growth vape market Accelerates Fat Panda's growth initiatives as central Canada's largest retailer and manufacturer of e-cigarettes, vape devices and e-liquids Reiterates expectation for acquisition to close in the first half of 2025 Louisville, Colorado, May 08, 2025 (GLOBE NEWSWIRE) -- CEA Industries Inc. (NASDAQ:CEAD, CEADW)) ("CEA Industries" or the "Company"), today announced a progress update on its acquisition of Fat Panda Ltd. ("Fat Panda"), a leading central Canadian retailer and manufacturer of nicotine vape products. This transaction and access to the Company's resources will accel
Louisville, Colorado, April 01, 2025 (GLOBE NEWSWIRE) -- CEA Industries Inc. (NASDAQ:CEAD, CEADW)) ("CEA Industries" or the "Company"), is providing an update on its previously announced acquisition of Fat Panda Ltd. ("Fat Panda"), a leading central Canadian retailer and manufacturer of nicotine vape products. Fat Panda is central Canada's largest retailer and manufacturer of e-cigarettes, vape devices, and e-liquids, with 33 retail locations across Manitoba, Ontario, and Saskatchewan. Fat Panda also operates its own e-commerce platform and offers a comprehensive product lineup, including in-house premium e-liquids and a portfolio of trademarks and intellectual property. Based on prelimin
Louisville, Colorado, March 27, 2025 (GLOBE NEWSWIRE) -- CEA Industries Inc. (NASDAQ:CEAD, CEADW)) ("CEA Industries" or the "Company"), is reporting results for the three and twelve months ended December 31, 2024. Fourth Quarter 2024 Financial Summary (in $ thousands, excl. margin items): Q4 2024(unaudited) Q3 2024(unaudited) Q4 2023(unaudited) Revenue $417 $391 $251 Gross Profit (Loss) $(175) $(70) $(286)Operating Expenses $850 $677 $709 Net Income/(Loss) $(1,019) $(740) $(988) Full Year 2024 Financial Summary (in $ thousands, excl. margin items): FY 2024 FY 2023 Revenue $2,803 $6,911 Gross Profit (Loss) $(220) $542 Operating Expenses $2,952 $3,495 Net Income/(Loss) $(3,146)
NEW YORK, Feb. 13, 2025 /PRNewswire/ - 111 Equity is very encouraged by this transaction and looks forward to more information on the transaction being released to the market soon. The CEAD board and CEO Tony McDonald are proving to be great stewards of the company's resources in securing a company with attractive operations, double digit revenue growth, and a deal that has little dilution to CEAD shareholders. As one of the company's largest shareholders, 111 Equity is very excited for the future growth opportunities of Fat Panda as a publicly traded company and believe the company will be an industry leader. Disclaimers This press release is not an offer to purchase or a solicitation of
Louisville, Colorado, Feb. 12, 2025 (GLOBE NEWSWIRE) -- CEA Industries Inc. (NASDAQ:CEAD, CEADW)) ("CEA Industries" or the "Company"), today announced that it has signed an agreement to acquire Fat Panda Ltd. ("Fat Panda"), a leading Canadian retailer and manufacturer of nicotine vape products, for an aggregate purchase price of CAD $18 million (USD $12.6 million) payable at closing. The Company will pay the purchase price with a combination of cash, CEA Industries common shares, and seller and bank debt. The structure of this accretive acquisition is designed to have minimal dilution to CEA Industries' shareholders. Fat Panda is central Canada's largest retailer and manufacturer of e-cig
Louisville, Colorado, Dec. 03, 2024 (GLOBE NEWSWIRE) -- CEA Industries Inc. (NASDAQ:CEAD, CEADW)) ("CEA Industries" or the "Company"), today announced that it is under a non-binding Letter of Intent ("LOI")") to acquire a leading specialty retailer and manufacturer (the "Target"), which would be paid for with a combination of cash, CEA Industries common shares, and debt. "This proposed transaction offers an exciting opportunity for our shareholders to benefit from a growing and profitable business operating in a high-demand industry," said Tony McDonald, Chairman and CEO of CEA Industries. "The Target has a demonstrated track record of double-digit revenue growth, consistent profitability
Louisville, Colorado, Nov. 14, 2024 (GLOBE NEWSWIRE) -- CEA Industries Inc. (NASDAQ:CEAD, CEADW)) ("CEA Industries" or the "Company"), is reporting results for the three months ended September 30, 2024. Third Quarter 2024 Financial Summary (in $ thousands, excl. margin items): Q3 2024(unaudited)Q2 2024(unaudited)Q3 2023(unaudited)Revenue$391 $1,761 $914 Gross Profit (Loss)$(70)$180 $(104)Operating Expenses$677 $657 $703 Net Income/(Loss)$(740)$(470)$(799) "Throughout 2024, we have maintained a disciplined approach to cost management, prioritizing capital preservation as we work through our remaining project backlog," said Tony McDonald, Chairman and CEO of CEA Industries. "In alignment w
Louisville, Colorado, Aug. 14, 2024 (GLOBE NEWSWIRE) -- CEA Industries Inc. (NASDAQ:CEAD, CEADW))) ("CEA Industries" or the "Company"), is reporting results for the three months ended June 30, 2024. Second Quarter 2024 Financial Summary (in $ thousands, excl. margin items): Q2 2024(unaudited) Q1 2024(unaudited) Q2 2023(unaudited) Revenue $1,761 $235 $1,064 Gross Profit $180 $(154) $79 Operating Expenses $657 $769 $783 Net Income/(Loss) $(470) $(917) $(694) "We continue to operate under the lean cost structure we implemented last year, with a focus on expense reduction and capital preservation as we work through our remaining backlog of projects," said Tony McDonald, Chairman
Louisville, Colorado, June 04, 2024 (GLOBE NEWSWIRE) -- CEA Industries Inc. (the "Company") (NASDAQ:CEAD) announced that it approved a 1-for-12 reverse stock split of the outstanding shares of common stock and corresponding adjustment to the publicly traded common stock purchase warrants. Pursuant to the reverse stock split, each twelve (12) shares of the Company's outstanding common stock, $0.00001 par value per share, will be automatically combined and converted into one (1) outstanding share of common stock, $0.00001 par value per share. In addition, the current publicly traded common stock purchase warrants will be adjusted under the current terms of the warrant agreement so that each
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