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Stock impact report

Agrify Announces Results for Second Quarter 2022

Agrify Corporation (AGFY) 
Company Research Source: GlobeNewswire
Second Quarter Revenue Increased 63.5% Year-Over-Year to $19.3 Million Company Takes Actions to Mitigate Industry Challenges and Better Position Itself for Sustainable Growth BILLERICA, Mass., Aug. 15, 2022 (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 financial results for the second quarter ended June 30, 2022. "The second quarter was challenging for the entire cannabis industry," said Raymond Chang, Chairman and Chief Executive Officer of Agrify. "Despite this difficult business environment, which has impacted our recent performance and altered our outlook for the remainder of 2022, we are actively taking steps to adapt to the new market realities. We have adjusted our near-term strategy and priorities to focus on the most immediate and impactful revenue-generating opportunities, all without compromisi Show less Read more
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