Agrify Corporation (AGFY) Income Statement Analysis

See more : Flynn Gold Limited (FG1.AX) Income Statement Analysis – Financial Results

Complete financial analysis of Agrify Corporation (AGFY) income statement, including revenue, profit margins, EPS and key performance metrics. Get detailed insights into the financial performance of Agrify Corporation, a leading company in the Engineering & Construction industry within the Industrials sector.

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Agrify Corporation (AGFY)

Industry: Engineering & Construction

Sector: Industrials

Website: https://www.agrify.com

About Agrify Corporation

Agrify Corporation develops precision hardware and software cultivation and extraction solutions for the cannabis and hemp industry in the United States. The company offers vertical farming units and Agrify Insights Software-as-a-Service software; integrated grow racks and LED grow lights; and non-proprietary products designed, engineered, and manufactured by third parties, such as air cleaning systems and pesticide-free surface protection products. It also provides associated services comprising consulting, engineering, and construction. The company was formerly known as Agrinamics, Inc. and changed its name to Agrify Corporation in September 2019. Agrify Corporation was incorporated in 2016 and is headquartered in Billerica, Massachusetts.

Metric	2023	2022	2021	2020	2019	2018
Revenue	16.87M	58.26M	59.86M	12.09M	4.09M	1.77M
Cost of Revenue	11.59M	90.05M	54.63M	11.52M	4.33M	1.55M
Gross Profit	5.28M	-31.80M	5.23M	570.00K	-245.00K	222.00K
Gross Profit Ratio	31.29%	-54.58%	8.74%	4.72%	-5.99%	12.55%
Research & Development	2.30M	8.18M	3.93M	3.35M	109.00K	17.00K
General & Administrative	19.01M	73.35M	30.81M	0.00	0.00	0.00
Selling & Marketing	4.13M	9.34M	4.16M	0.00	0.00	0.00
SG&A	23.14M	82.69M	34.97M	9.83M	2.74M	1.22M
Other Expenses	-1.18M	1.32M	-31.00K	0.00	49.00K	2.00K
Operating Expenses	24.26M	90.87M	38.90M	13.19M	2.85M	1.24M
Cost & Expenses	35.85M	180.93M	93.52M	24.70M	7.18M	2.79M
Interest Income	0.00	8.75M	74.00K	481.00K	49.00K	0.00
Interest Expense	1.85M	8.75M	74.00K	481.00K	0.00	0.00
Depreciation & Amortization	1.90M	3.05M	1.31M	407.00K	10.00K	1.02M
EBITDA	-18.26M	-118.93M	-30.99M	-12.13M	-3.09M	0.00
EBITDA Ratio	-108.25%	-105.45%	-58.44%	-30.34%	-75.37%	-57.43%
Operating Income	-18.98M	-193.33M	-33.66M	-12.62M	-3.09M	-1.02M
Operating Income Ratio	-112.51%	-331.84%	-56.23%	-104.38%	-75.61%	-57.43%
Total Other Income/Expenses	330.00K	5.04M	2.77M	-9.02M	49.00K	2.00K
Income Before Tax	-18.65M	-188.28M	-32.30M	-21.64M	-3.04M	-1.01M
Income Before Tax Ratio	-110.55%	-323.18%	-53.96%	-179.03%	-74.41%	-57.32%
Income Tax Expense	2.00K	23.00K	25.00K	9.00M	-161.86K	-2.00K
Net Income	-18.65M	-188.17M	-32.33M	-30.64M	-3.04M	-1.01M
Net Income Ratio	-110.56%	-322.99%	-54.00%	-253.50%	-74.41%	-57.32%
EPS	-187.63	-13.53K	-4.39K	-3.20K	-449.67	-149.88
EPS Diluted	-187.63	-13.53K	-4.39K	-3.20K	-449.67	-149.88
Weighted Avg Shares Out	99.39K	13.90K	7.40K	6.77K	6.77K	6.77K
Weighted Avg Shares Out (Dil)	99.39K	13.90K	7.40K	6.77K	6.77K	6.77K

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Agrify to Host Third Quarter 2022 Results Conference Call

October 31, 2022globenewswire.com

BILLERICA, Mass., Oct. 31, 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 it will host a conference call to review its financial...