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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)
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 |
Agrify Corporation Announces Turnkey Extraction Equipment Deal with Multi-State Operator Justice Cannabis Co. Expanding into New Jersey Market
TROY, Mich., March 13, 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 the signing of a Turnkey Hydrocarbon Extraction and Lab...
Agrify Corporation Announces $3.4 Million Sales Order From New Jersey Woman-Owned Business HarvestWorks Farm
TROY, Mich., Feb. 29, 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 the signing of a multi-year cultivation and extraction deal...
Agrify Corporation Announces Pricing of $2.6 Million Public Offering
TROY, Mich., Feb. 28, 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 the pricing of its public offering of 6,723,684 shares...
Agrify Corporation Announces First Multi-Year and Two-Million Dollar Extraction Managed Services Contract with Customer in Michigan
TROY, Mich., Feb. 22, 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 the signing of a term sheet with PDS Ventures,...
Agrify Corporation Announces Preliminary Unaudited Financial Results for Q4 2023 and Update on Customer Project
Agrify Corporation Announces Preliminary Unaudited Financial Results for Q4 2023 | Expects to Achieve the Lowest Net Loss and Cash Burn in Company History
Agrify Corporation Announces Turnkey Ethanol Extraction Deployment in New Jersey with Denver Cole
TROY, Mich., Feb. 20, 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 the signing of an approximately half a million dollars...
Why Is Agrify (AGFY) Stock Up 57% Today?
Agrify (NASDAQ: AGFY ) stock is taking off on Tuesday as investors celebrate the company reaching a milestone at Lume Cannabis' Michigan facility. According to a press release from Agrify, it has successfully installed a PX-30 Hydrocarbon Extraction System at the...
Agrify Corporation Achieves Milestone with PX-30 Hydrocarbon Extraction System Installation in Michigan Facility
TROY, Mich, Feb. 06, 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 the successful installation of a PX-30 Hydrocarbon Extraction System...
Agrify Receives Positive Nasdaq Listing Determination
TROY, Michigan, Jan. 31, 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 that the Company has received formal notification that the...
Agrify Receives Positive Nasdaq Listing Determination
TROY, Mich., Jan. 31, 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 that the Company has received formal notification that the...
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