RYTHM, Inc.
For the period ended Dec 31, 2024. Filed Mar 21, 2025.
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FY2024 · Filed Mar 21, 2025
RYM$17.11+8.0%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Statements of Operations
| Year Ended December 31, | ||
|---|---|---|
| 2024 | 2023 | |
| Revenue | $9,680 | $15,142 |
| Cost of goods sold | 9,015 | 11,124 |
| Gross profit | 665 | 4,018 |
| Selling, general and administrative | 12,305 | 16,057 |
| Research and development | 743 | 2,295 |
| Change in contingent consideration | (2,180) | (1,322) |
| Gain on early termination of lease | (39) | — |
| Loss on disposal on property and equipment | 51 | 12 |
| Total operating expenses | 10,880 | 17,042 |
| Operating loss from continuing operations | (10,215) | (13,024) |
| Interest expense, net | (256) | (2,145) |
| Change in fair value of warrant liabilities | (17,902) | 4,695 |
| Loss on extinguishment of long-term debt, net | — | (4,311) |
| Other income, net | 19 | 1,358 |
| Total other expense, net | (18,139) | (403) |
| Loss from continuing operations before income taxes | (28,354) | (13,427) |
| Income tax (expense) benefit | 2 | (2) |
| Loss from continuing operations, net of income taxes | (28,352) | (13,429) |
| Loss from discontinued operations | (1,501) | (5,221) |
| Loss on disposal of Cultivation business | (11,893) | — |
| Income tax effect on discontinued operations | — | — |
| Loss from discontinued operations, net of income taxes | (13,394) | (5,221) |
| Net loss | (41,746) | (18,650) |
| Income attributable to non-controlling interest | — | 1 |
| Net loss attributable to Agrify Corporation | $(41,746) | $(18,649) |
| Net loss per share: | ||
| Basic and diluted | ||
| Continuing operations | $(27.79) | $(135.11) |
| Discontinued operations | $(13.13) | $(52.53) |
| Net loss per share attributable to Common Stockholders – basic and diluted (1) | $(40.92) | $(187.64) |
| Weighted average common shares outstanding - basic and diluted (1) | 1,020,185 | 99,391 |
| (1) | Periods presented have been adjusted to retroactively reflect the 1-for-20 reverse stock split on July 5, 2023, and for the 1-for-15 reverse stock split on October 8, 2024. Additional information regarding reverse stock splits may be found in Note 1 - Overview, Basis of Presentation, and Significant Accounting Policies, included elsewhere in the notes to the consolidated financial statements. |
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