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 |
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