RYTHM, Inc.
For the period ended Mar 31, 2025. Filed May 9, 2025.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Mar 31, 2025 · Filed May 9, 2025
RYM$16.43-3.9%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Condensed Consolidated Statements of Operations
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (UNAUDITED)
(In thousands, except share and per share data)
| Three months ended March 31, | |||
|---|---|---|---|
| 2025 · 2024 | |||
| Revenue | $538 | $ | - |
| Cost of goods sold | 448 | - | |
| Gross profit | 90 | - | |
| Selling, general and administrative | 3,791 | 1,552 | |
| Research and development | - | 275 | |
| Change in contingent consideration | - | (2,180) | |
| Total operating expenses | 3,791 | (353) | |
| Operating (loss) income from continuing operations | (3,701) | 353 | |
| Interest income (expense), net | 1 | (100) | |
| Change in fair value of warrant liabilities | 407 | 873 | |
| Other income, net | 19 | - | |
| Total other income, net | 427 | 773 | |
| (Loss) income from continuing operations before income taxes | (3,274) | 1,126 | |
| Income tax provision | - | - | |
| (Loss) income from continuing operations, net of income taxes | (3,274) | 1,126 | |
| (Loss) income from discontinued operations | (1,918) | 3,110 | |
| Gain on disposal of Extraction business | 3,566 | - | |
| Income tax effect on discontinued operations | - | - | |
| Income from discontinued operations, net of income taxes | 1,648 | 3,110 | |
| Net (loss) income | (1,626) | 4,236 | |
| Income (loss) attributable to non-controlling interest | - | - | |
| Net (loss) income attributable to Agrify Corporation | $(1,626) | $4,236 | |
| Net (loss) income per share: | |||
| Basic (loss) income per share | |||
| Continuing operations | $(1.68) | $2.45 | |
| Discontinued operations | 0.85 | 6.76 | |
| Net (loss) income per share attributable to Common Stockholders – basic (1) | $(0.83) | $9.21 | |
| Diluted (loss) income per share | |||
| Continuing operations | $(1.68) | $1.18 | |
| Discontinued operations | 0.85 | 2.60 | |
| Net (loss) income per share attributable to Common Stockholders – diluted (1) | $(0.83) | $3.78 | |
| Weighted average common shares outstanding - basic (1) | 1,952,022 | 460,133 | |
| Weighted average common shares outstanding - diluted (1) | 1,952,022 | 1,197,891 | |
| (1) | Periods presented have been adjusted to retroactively reflect 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 in the notes to the condensed consolidated financial statements. |
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