Agrify posts preliminary Q4 2023 net loss of $750K, a historical low; gross profit up 105% QoQ

RYTHM, Inc.

2023-FY EPS reported -$12.51 revenue$16,868,000

Q4 2023 net loss expected at $750K vs $2.1M in Q3 and $58M in Q4 2022 (historical low).
Gross profit up 105% sequentially to $1.9M; operating loss down 46% to $2.5M.
Net cash burn at lowest in company history; expects to approach cashflow break-even in H2 2024.
Customer Ocean Deep constructing Agrify's UL-Certified EXP1 room; expects 120 VFUs and PX30 lab in 2024.
Full Q4 and FY 2023 results expected before end of March 2024; numbers are preliminary and unaudited.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

RYTHM, Inc. reported the fiscal quarter ended December 31, 2023 results: net income $750 thousand.

Period: the fiscal quarter ended December 31, 2023
Net income: $750 thousand
Result: preliminary results

Exact text from the filing

On February 21, 2024, Agrify Corporation (the “Company”) issued a press release with preliminary financial results for the fiscal quarter ended December 31, 2023

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RYTHM, Inc. filing history →

Source: SEC EDGAR

accession 0001213900-24-015522

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