Agrify Corporation (AGFY) Misses Q2 EPS by $3.24

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Go back to Agrify Corporation (AGFY) Misses Q2 EPS by $3.24

Agrify Announces Results for Second Quarter 2022

August 15, 2022 7:00 AM EDT

Second Quarter Revenue Increased 63.5% Year-Over-Year to $19.3 Million

Company Takes Actions to Mitigate Industry Challenges and Better Position Itself for Sustainable Growth

BILLERICA, Mass., Aug. 15, 2022 (GLOBE NEWSWIRE) -- Agrify Corporation (Nasdaq: AGFY) (Agrify or the Company), a leading provider of innovative cultivation and extraction solutions for the cannabis industry, today announced financial results for the second quarter ended June 30, 2022.

"The second quarter was challenging for the entire cannabis industry," said Raymond Chang, Chairman and Chief Executive Officer of Agrify. "Despite this difficult... More