Mon, Apr 7, 6:58 PM (13 days ago)
### Summary of AgriFORCE Growing Systems Ltd. (AGRI) **Financial Performance:** - **Revenue:** $67,887 in 2024, up from $16,281 in 2023. - **Net Income:** A net loss of $16,274,815 in 2024, compared to a net loss of $11,733,210 in 2023. - **Operating Expenses:** Decreased by $774,813 or 6.95% in 2024 due to reduced M&A spending, investor relations, wages, travel, sales, and marketing. - **Earnings per Share:** Basic loss per share of $22.81 in 2024, up from $1,011.05 in 2023. **Strategic Overview:** - **Business Segments:** AgriFORCE operates in three main segments: AgriFORCE Brands, AgriFORCE Solutions, and Bitcoin Mining. - **Product Development:** Focus on developing and commercializing plant-based ingredients and products, including UN(THINK) Awakened Flour. - **Technological Innovation:** Utilizes AI and blockchain in the development and implementation of FinTech systems for commercial farmers. - **Sustainable Practices:** Emphasis on sustainable agriculture and Bitcoin mining operations, including the use of excess heat and carbon emissions from mining for agricultural productivity. **Future Outlook:** - **Growth Plan:** Plans to expand product range in the US/Canada and internationally, and to grow through acquisitions and strategic partnerships. - **Market Position:** Seeking to capture a small percentage share of the global market for nutritious food products and sustainable technologies. - **Risk Factors:** Faces risks related to market competition, regulatory compliance, and the volatility of Bitcoin prices. **Financial Condition:** - **Cash Flow:** Net cash used in operating activities was $5,271,278 in 2024, compared to $6,505,072 in 2023. - **Debt:** Outstanding debentures totaled $1,443,209 in 2024, down from $4,084,643 in 2023. - **Equity:** Issued 1,491,881 common shares in 2024, raising $15,213,716. **Market Position Changes:** - **Stock Performance:** The stock has been volatile, with a closing price of $1.16 per share on April 4, 2025. - **Shareholder Base:** Approximately 2,124 shareholders of record for common stock as of April 7, 2025. **Risk Factors:** - **Market Risks:** Faces competition from established brands and the need to attract and retain key personnel. - **Operational Risks:** Dependent on the success of its intellectual property and the ability to manage growth and operations effectively. - **Financial Risks:** Requires additional financing to support growth plans and may face dilution of existing shareholders. **Corporate Governance:** - **Board Composition:** Six independent directors and a diverse range of expertise in agriculture, finance, and technology. - **Committees:** Audit, Compensation, and Nominating and Corporate Governance Committees. **Conclusion:** AgriFORCE Growing Systems Ltd. is focused on innovation and sustainable practices in the agriculture and technology sectors. While facing significant challenges, the company is positioned to capitalize on growth opportunities in the nutritious food and sustainable technology markets.