Agrify (NASDAQ:AGFY) Third Quarter 2022 Results
Key Financial Results
Revenue: US$7.02m (down 55% from 3Q 2021).
Net loss: US$46.3m (loss widened by 374% from 3Q 2021).
US$17.32 loss per share (further deteriorated from US$4.68 loss in 3Q 2021).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Agrify Revenues and Earnings Miss Expectations
Revenue missed analyst estimates by 48%. Earnings per share (EPS) also missed analyst estimates significantly.
Looking ahead, revenue is forecast to grow 5.0% p.a. on average during the next 3 years, compared to a 5.2% growth forecast for the Machinery industry in the US.
Performance of the American Machinery industry.
The company’s shares are down 7.9% from a week ago.
You should learn about the 6 warning signs we’ve spotted with Agrify (including 4 which don’t sit too well with us).
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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
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