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 |
Why Is Agrify (AGFY) Stock Up 61% Today?
Agrify (NASDAQ: AGFY ) stock is on the move Tuesday as investors react to updates on ownership of the cannabis and hemp company's shares. The latest news has to do with the transfer of a convertible senior note to CP Acquisitions.
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Agrify Announces the Result of its Reconvened Annual Meeting, At Premium $3.9 Million Debt Conversion, and the Exercise of a Majority of Previously Issued Warrants
Agrify Announces the Result of its Reconvened Annual Meeting, At Premium $3.9 Million Debt Conversion, and the Exercise of a Majority of Previously Issued
Agrify's Enters Into First Hydrocarbon Extraction Lab & Vertical Farming Unit Facility in California
TROY, Mich., Jan. 18, 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 it has entered into a multi-million dollar sales agreement...
Agrify Corporation Announces Results from Annual Meeting of Stockholders
TROY, Mich., Jan. 08, 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 voting results from the Company's Annual Meeting of Stockholders...
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Agrify Corporation Announces Results for Third Quarter 2023
Successful Implementation of Turn-Around Initiatives Resulted in the Lowest Historical Net Loss Successful Implementation of Turn-Around Initiatives Resulted in the Lowest Historical Net Loss
AGFY Stock Earnings: Agrify Reported Results for Q2 2023
Agrify (NASDAQ: AGFY ) just reported results for the second quarter of 2023. Agrify reported earnings per share of -$4.39.
Agrify Corporation Announces Results for Second Quarter 2023
TROY, Mich., Dec. 12, 2023 (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,...
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