secwatch.observer — SEC 8-K summary
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Issuer:     RYTHM, Inc. (RYM)
CIK:        0001800637
Form:       8-K
Filed at:   2022-11-09T23:59:59+00:00
Accession:  0001213900-22-070341
Event type: earnings
Sentiment:  negative
Materiality: 0.85
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1800637/000121390022070341/0001213900-22-070341-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1800637/000121390022070341/ea168288-8k_agrifycorp.htm
  HTML page:      https://secwatch.observer/filing/0001213900-22-070341

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