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    Ellis Acklin

    Senior Analyst specializing in real estate equity research at First Berlin

    Ellis Acklin is a Senior Analyst specializing in real estate equity research at First Berlin Equity Research GmbH, with a coverage focus on companies such as Aroundtown SA and CR Energy AG. His recent performance includes issuing a 'BUY' rating and a €4.00 price target on Aroundtown SA with an estimated return potential exceeding 45% and maintaining a strong conviction on CR Energy AG with a consistent EUR 48.00 price target. Acklin has authored all of First Berlin's real estate reports over the past year, reflecting a longstanding tenure since at least 2023 with prior expertise in the field, though prior employers are not listed publicly. Professional credentials for Ellis Acklin do not show FINRA registration or securities licenses, but his track record and role demonstrate seasoned experience in listed European real estate equities.

    Ellis Acklin's questions to urban-gro (UGRO) leadership

    Ellis Acklin's questions to urban-gro (UGRO) leadership • Q3 2023

    Question

    Asked about the revenue level required to consistently achieve positive adjusted EBITDA, the specific breakeven revenue target with the current business mix, and the status of a large project previously removed from backlog.

    Answer

    The company can handle up to $40-45M in quarterly revenue with its current staff. The Q4 guidance of ~$30M in revenue is the target for achieving breakeven to positive adjusted EBITDA. The project removed from backlog is unlikely to proceed with the original client, but there is potential for it to resume under a new owner who may purchase the license.

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