AgroFresh Solutions Reports Results for Second Quarter and First Half of 2022
AgroFresh Solutions, Inc. (AGFS)
Last agrofresh solutions, inc. earnings: 3/12 04:05 pm
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US:NASDAQ Investor Relations:
agrofreshsolutionsinc.gcs-web.com/overview
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Source: GlobeNewswire
Second quarter 2022 net sales were $25.8 million, an increase of 17.5% (or 23.9% on a constant currency basis) versus the prior year period; first half 2022 net sales increased 7.8% (or 12.1% on a constant currency basis) versus the prior year period.Diversification revenue (all other product categories excluding SmartFresh™ for apples) grew 12.0% for the trailing twelve month period ended June 30, 2022 versus the twelve months ended June 30, 2021, and represented 44.1% of consolidated revenues during this period.Net loss of $18.4 million for the second quarter of 2022, as compared to net loss of $17.3 million for the second quarter of 2021. First half 2022 net loss of $21.5 million versus a net loss of $9.1 million in the prior year period.Adjusted EBITDA1 of $2.4 million for the second quarter of 2022, compared to $1.0 million in the prior year period. First half 2022 Adjusted EBITDA increased 15.2% to $17.4 million compared to the prior year Adjusted EBITDA of $15.1 million.Reitera
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