Agrify Q3 2024 revenue $1.9M, net loss $18.6M; appoints Ben Kovler interim CEO, plans acquisition

RYTHM, Inc.

2024-Q3 EPS reported -$16.82 revenue$7,526,000

Revenue $1.9M, gross profit $0.2M; net loss $18.6M includes $15M change in warrant liability.
Ben Kovler appointed Chairman and Interim CEO effective Nov 5, 2024.
Signed non-binding LOI to acquire Señorita hemp-derived THC drink brand (Nov 12, 2024).
Secured up to $20M convertible note financing from Green Thumb Industries, initial $10M drawn.
Shares outstanding: ~1.5M common, 6.3M warrants as of Nov 14, 2024.

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