Sadot Group FY2023 revenue $726.7M, up 349%; turns to positive adjusted EBITDA $0.1M; exploring restaurant divestment

Sadot Group Inc.

Revenue $726.7M (vs $161.7M in 2022), a 349% increase driven by Sadot Agri-Foods division.
Adjusted EBITDA from operations $0.1M, compared to a loss of $2.0M in 2022; Agri-Foods division generated $9.3M net income.
Cash deployed to facilitate trades; cash balance $1.4M (down from $9.9M), working capital $8.3M (up from $4.0M).
Engaged Lisiten Associates to explore potential divestment of restaurant and food prep assets.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

Sadot Group Inc. reported the year ended December 31, 2023 results: revenue $726.7 million.

Period: the year ended December 31, 2023
Revenue: $726.7 million
Result: reported results

Exact text from the filing

except as shall be expressly set forth by specific reference in such a filing. --- EX-99.1 (EX-99.1) --- Sadot Group Inc. Reports Full Year 2023 Results 2023 Revenue Rises to $726.7 million from $161.7 million in 2022 Adjusted EBITDA Rises to $0.1 million vs. $2.0 million loss Year over Year Engages Third Party to Explore the Potential Divestment of its Restaurant

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Sadot Group Inc. filing history →

Source: SEC EDGAR

accession 0001701756-24-000042

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