Agrify Corp
For the period ended Dec 31, 2023. Filed Apr 15, 2024.
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FY2023 · Filed Apr 15, 2024
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
(In thousands, except share and per share data)
| Year Ended December 31, | ||
|---|---|---|
| 2023 | 2022 | |
| Revenue (including $0, and $2,417 from related parties, respectively) | $16,868 | $58,259 |
| Cost of goods sold | 11,590 | 90,054 |
| Gross profit (loss) | 5,278 | (31,795) |
| General and administrative | 19,005 | 73,354 |
| Selling and marketing | 4,134 | 9,338 |
| Research and development | 2,295 | 8,179 |
| Change in contingent consideration | (1,322) | (2,156) |
| Gain on disposal on property and equipment | 144 | — |
| Impairment of property and equipment | — | 2,912 |
| Impairment of goodwill and intangible assets | — | 69,904 |
| Total operating expenses | 24,256 | 161,531 |
| Loss from operations | (18,978) | (193,326) |
| Interest expense, net | (1,853) | (8,750) |
| Change in fair value of warrant liabilities | 4,695 | 51,461 |
| Loss on extinguishment of long-term debt, net | (4,311) | (38,985) |
| Other income, net | 1,799 | 1,316 |
| Total other income, net | 330 | 5,042 |
| Net loss before income taxes | (18,648) | (188,284) |
| Income tax expense | (2) | (23) |
| Net loss | (18,650) | (188,307) |
| Income attributable to non-controlling interest | 1 | 134 |
| Net loss attributable to Agrify Corporation | $(18,649) | $(188,173) |
| Net loss per share attributable to Common Stockholders – basic and diluted (1) | $(12.51) | $(902.19) |
| Weighted average common shares outstanding - basic and diluted (1) | 1,490,871 | 208,573 |
| (1) | Periods presented have been adjusted to reflect the 1-for-20 reverse stock split on July 5, 2023. 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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