---
schema_version: "secwatch.filing_event.v1"
accession: "0001213900-22-070341"
form_type: "8-K"
ticker: "RYM"
cik: "0001800637"
company_name: "RYTHM, Inc."
filed_at: "2022-11-09T23:59:59+00:00"
generated_at: "2026-06-22T01:47:23.449577+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Agrify Q3 revenue down 55% to $7.0M; net loss $46.3M; adjusts FY2022 outlook

## Summary
- Revenue $7.0M (down 55.4% YoY); net loss $46.3M ($17.33 diluted loss per share) vs net loss $9.8M a year ago.
- Gross loss of $4.1M (negative 58.6% margin); adjusted EBITDA loss of $28.8M.
- Deferred $5.3M of design & build revenue due to Bud & Mary's lawsuit; $1.8M of orders unfulfilled due to credit facility cash limits.
- Company adjusts fiscal 2022 outlook; cites challenging cannabis industry environment and difficult business decisions.
- Operating cash flow used was $8.5M in Q3 (vs $3.7M prior year); year-to-date operating cash outflow $66.1M.

## SEC filing metadata
- accession: 0001213900-22-070341
- form_type: 8-K
- ticker: RYM
- cik: 0001800637
- company_name: RYTHM, Inc.
- filed_at: 2022-11-09T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1800637/000121390022070341/0001213900-22-070341-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1800637/000121390022070341/ea168288-8k_agrifycorp.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001213900-22-070341
- JSON: https://secwatch.observer/filing/0001213900-22-070341.json
- Plain text: https://secwatch.observer/filing/0001213900-22-070341.txt

## Key facts
- Earnings Releases
  RYTHM, Inc. reported third quarter ended September 30, 2022 results: revenue $7.0 million, net income $46.3 million, EPS $17.33 per diluted share.
  - Period: third quarter ended September 30, 2022
  - Revenue: $7.0 million
  - Net income: $46.3 million
  - EPS: $17.33 per diluted share
  - Result: reported results
  source text: the quarter with line of sight on more than $15.0 million in revenue, however, we had to make some difficult business decisions, which resulted in quarterly revenue of only $7.0 million. Our third quarter revenue excludes $5.3 million of design and build revenue, which was deferred as a result of a default by Bud & Mary’s ownership on the terms of its Total
  evidence_url: https://www.sec.gov/Archives/edgar/data/1800637/000121390022070341/0001213900-22-070341-index.htm
- Earnings Releases
  RYTHM, Inc. reported year-to-date period ended September 30, 2022 results: revenue $52.4 million, net income $148.6 million, EPS $57.21 per diluted share.
  - Period: year-to-date period ended September 30, 2022
  - Revenue: $52.4 million
  - Net income: $148.6 million
  - EPS: $57.21 per diluted share
  - Result: reported results
  source text: and Year-To-Date 2022 Financial Results ● Revenue was $7.0 million for the third quarter, a decrease of 55.4% compared to $15.8 million for the prior year period. Revenue was $52.4 million for the year-to-date period, an increase of 51.4% versus $34.6 million for the prior year-to-date period. Third quarter 2022 revenue reflects the deferral of $5.3 million of
  evidence_url: https://www.sec.gov/Archives/edgar/data/1800637/000121390022070341/0001213900-22-070341-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.