Sadot Group Q1 revenue drops to $107.9M from $213M; net loss narrows to $0.3M

Sadot Group Inc.

2024-Q1 EPS reported -$0.01 revenue$106,500,000

Q1 2024 net loss of $0.3M improves from $1.1M loss a year ago; EBITDA turns positive at $0.5M.
Revenue fell to $107.9M from $213.0M YoY, citing China's wheat absence and soft agri-commodity prices.
Secured $26M in trade financing; opened Brazil trading office; shipped 1,700 MT of corn under Zambia Food Reserve deal.
Initiated sale of Pokemoto and SuperFit Foods assets, with non-binding LOIs signed in Q2.

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 0.9

Sadot Group Inc. reported first quarter ending March 31, 2024 results: revenue $107.9 million, net income $0.3 million.

Period: first quarter ending March 31, 2024
Revenue: $107.9 million
Net income: $0.3 million
Result: reported results

Exact text from the filing

quarter ending March 31, 2024, Sadot Group reported an improvement in the Company’s net loss by approximately $0.8 million year over year. The Company had Q1 2024 revenues of $107.9 million, reporting a net loss of approximately $0.3 million, a considerable improvement compared to a net loss of approximately $1.1 million for the first quarter of 2023. Additionally,

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Source: SEC EDGAR

accession 0001701756-24-000097

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