Agrify Corporation Announces Preliminary Unaudited Financial Results for Q4 2023 and Update on Customer Project
Agrify Corporation (AGFY)
Company Research
Source: GlobeNewswire
TROY, Mich., Feb. 21, 2024 (GLOBE NEWSWIRE) -- Agrify Corporation (Nasdaq: AGFY) (“Agrify” or the “Company”), a leading provider of innovative cultivation and extraction solutions for the cannabis industry, today announced preliminary unaudited financial results for the fourth fiscal quarter of 2023 and updates for its Ocean Deep/Golden Lake Business Park project. Fourth Quarter 2023 Outlook Net Loss in Q4 2023 is expected to be at a historical low of $750 thousand, compared to $2.1 million net loss in Q3 2023, and $58 million loss in Q4 2022.Loss from Operations is expected to decrease by 46% to a historical low of $2.5 million, compared to $4.6 million in Q3 2023Gross Profit is expected to increase 105% to $1.9 million, compared to $1 million in Q3 2023, and a gross loss of $33.5 million in Q4 2022.Q4 2023 Net Cash burn is also expected to be the lowest in the Company history, and the Company expects to be in a position to approach cashflow break-even in the second half
Show less
Read more
Impact Snapshot
Event Time:
AGFY
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
|
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
|---|---|---|
|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
| Last Price | ||
| VWAP | ||
|
High:
|
Max Up |
High:
|
|
Low:
|
Max Down |
Low:
|
|
%
|
Post news range |
%
|
|
|
Price change |
|
|
|
Price Change Percentage |
|
|
|
S&P 500 (SPX) |
|
|
%
|
Volume ratio |
%
|
| Volume | ||
| Ticks | ||
|
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
AGFY alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
AGFY alerts
High impacting Agrify Corporation news events
Weekly update
A roundup of the hottest topics
AGFY
News
- Nature's Miracle Announces Initial Shipments of the "MiracleTainer" Series Container Farm [Yahoo! Finance]Yahoo! Finance
- Nature's Miracle Holding Inc. and Agrify Corporation Agree to Merge [Yahoo! Finance]Yahoo! Finance
- Nature’s Miracle Holding Inc. and Agrify Corporation Agree to MergeGlobeNewswire
- Agrify Corporation Reports Full-Year 2023 Earnings [Yahoo! Finance]Yahoo! Finance
- Agrify Corporation Reports Full-Year 2023 EarningsGlobeNewswire
AGFY
Sec Filings
- 4/29/24 - Form 10-K/A
- 4/26/24 - Form 4
- 4/26/24 - Form 4
- AGFY's page on the SEC website