Fri, May 9, 10:17 AM (35 days ago)
**Agrify Corporation (AGFY) Q1 2025 Financial Summary** **Financial Health:** - **Cash Position:** $24.4 million in cash and cash equivalents as of March 31, 2025, down from $31.2 million in December 2024. - **Liabilities:** Total liabilities increased to $18.8 million from $25.9 million. - **Stockholders' Equity:** Decreased to $26.8 million from $28.1 million. **Performance Metrics:** - **Revenue:** $538,000 from continuing operations, all from hemp-derived beverages. - **Gross Profit:** $90,000, representing 16.7% of total revenue. - **Operating Loss:** $(3.7) million from continuing operations. - **Net Loss:** $(1.6) million, including gains from discontinued operations. **Profit Margins:** - **Gross Margin:** 16.7%. - **Operating Margin:** -689.4%. **Cash Flow:** - **Operating Cash Flow:** $(6.7) million, affected by changes in operating assets and liabilities. - **Investing Cash Flow:** $0. - **Financing Cash Flow:** $(1) thousand. **Earnings Changes:** - **EPS (Basic):** $(0.83) from continuing operations. - **EPS (Diluted):** $(0.83). **Quarterly Performance Discussion:** - **Revenue Growth:** Driven by the acquisition of Señorita brand in December 2024. - **Expenses:** Significant increase in SG&A expenses due to consulting, amortization, and marketing. - **Other Income:** Decrease in fair value of warrant liabilities and interest income. **Trends:** - **Strategic Shift:** Focus on hemp-derived beverage business post-discontinuation of cultivation and extraction businesses. - **Legal Matters:** Ongoing litigation and escrow agreements impacting financials. **Uncertainties:** - **Market Risks:** Dependence on a few customers for revenue. - **Legal Risks:** Potential adverse outcomes from ongoing litigation. **Future Operations Impact:** - **Growth Strategy:** Expansion of Señorita brand and potential new product launches. - **Financial Strategy:** Managing cash flow and potential additional financing.