AGFY - Agrify Cannabis Cultivation & Tech Company's Full-Year Earnings Mark Major Positive Comeback | Benzinga
Agrify Corporation (NASDAQ: AGFY), a trailblazer in cultivation and extraction technologies for the cannabis sector, has disclosed its financial achievements for the fiscal year ending December 31, 2023, marking a significant turnaround with its first-ever positive quarterly net income.
In the final quarter of 2023, Agrify reported a net income of approximately $572,000, a stark contrast to the net loss of $57.94 million during the same period in 2022.
This milestone underscores the company's successful implementation of strategic measures aimed at financial stabilization and growth.
Raymond Chang, chairman and CEO, expressed optimism about the company's ...