Agrify Corporation Reports Full-Year 2023 Earnings
Agrify Corporation (AGFY)
Company Research
Source: GlobeNewswire
TROY, Mich., April 15, 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 financial results for the fiscal year ended December 31, 2023. During the quarter ended December 31, 2023, the Company achieved its first positive quarterly net income of approximately $572,000. Fourth Quarter 2023 Financial Results Summary Revenue was $2.8 million for the fourth quarter of 2023 compared to $5.9 million for the fourth quarter of 2022.Gross profit was $2.7 million for the fourth quarter of 2023 compared to a gross loss of $33.5 million for the fourth quarter of 2022.Operating loss was $1.5 million for the fourth quarter of 2023, compared to $60.5 million in the fourth quarter of 2022.Net income for the fourth quarter of 2024 was $0.572 million, compared to a net loss of $57.94 million in the fourth quarter of 2022. Fiscal Year 2023 Financial Res
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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