Agrify reports Q3 EPS ($1.27) vs. ($429.98) last year

Reports Q3 revenue $3.1M vs. $7M last year. “In the third quarter, we successfully negotiated with several vendors, resulting in approximately $1.1 million in reduced payments, exited additional leased properties and conducted several fixed asset sales to reduce future obligations, and completed a legal settlement resulting in a gain of approximately $0.8 million,” said Raymond Chang, Chairman and Chief Executive Officer at Agrify. “We are proud of the various initiatives the Company has taken to turn around our business. The historically low net loss of $2.1 million is encouraging and good evidence that we are moving in the right direction. The team remains committed to turn the business profitable in the shortest time possible.”