Agrify Corporation (AGFY) Financial Statements (2024 and earlier)

Company Profile

Business Address 76 TREBLE COVE ROAD
BILLERICA, MA 01862
State of Incorp. NV
Fiscal Year End December 31
Industry (SIC) 07 - Agricultural Services (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in thousands)

6/30/2023
MRQ
12/31/2022
12/31/2021
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments10,91756,564
Cash and cash equivalents10,45712,014
Short-term investments46044,550
Receivables1,0707,222
Inventory, net of allowances, customer advances and progress billings21,39620,498
Inventory21,39620,498
Prepaid expense  1,033
Deferred costs  353
Advances on inventory purchases  201
Other undisclosed current assets11,510865
Total current assets:44,89386,736
Noncurrent Assets
Operating lease, right-of-use asset 2,2101,479
Property, plant and equipment10,0446,232
Long-term investments and receivables12,21422,255
Long-term investments  22,255
Accounts and financing receivable, after allowance for credit loss12,214 
Intangible assets, net (including goodwill) 64,162
Goodwill  50,090
Intangible assets, net (excluding goodwill) 14,072
Other noncurrent assets3261,184
Total noncurrent assets:24,79495,312
TOTAL ASSETS:69,687182,048
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities20,78337,915
Accounts payable20,5439,151
Accrued liabilities24028,764
Deferred revenue4,1123,772
Debt 32,6541,089
Other liabilities 147 
Other undisclosed current liabilities12,906814
Total current liabilities:70,60243,590
Noncurrent Liabilities
Long-term debt and lease obligation407716
Long-term debt, excluding current maturities40712
Finance lease, liability  
Liabilities, other than long-term debt1,786318
Deferred revenue 52 
Other liabilities147318
Operating lease, liability1,587704
Other undisclosed noncurrent liabilities5,933 
Total noncurrent liabilities:8,1261,034
Total liabilities:78,72844,624
Equity
Equity, attributable to parent(9,272)137,059
Common stock121
Additional paid in capital237,875196,013
Accumulated deficit(247,148)(58,975)
Equity, attributable to noncontrolling interest231365
Total equity:(9,041)137,424
TOTAL LIABILITIES AND EQUITY:69,687182,048

Income Statement (P&L) ($ in thousands)

6/30/2023
TTM
12/31/2022
12/31/2021
Revenues58,25959,859
Cost of revenue
(Cost of Goods and Services Sold)
(90,054)(54,625)
Gross profit:(31,795)5,234
Operating expenses(161,531)(40,307)
Operating loss:(193,326)(35,073)
Nonoperating income5,0422,773
Other nonoperating income5,0422,773
Interest and debt expense(32)(42)
Loss from continuing operations before equity method investments, income taxes:(188,316)(32,342)
Other undisclosed income from continuing operations before income taxes3242
Loss from continuing operations before income taxes:(188,284)(32,300)
Income tax expense(23)(25)
Loss from continuing operations:(188,307)(32,325)
Loss before gain (loss) on sale of properties:(32,350)
Loss from discontinued operations  (25)
Other undisclosed net income (loss) 64,815
Net income (loss):(188,307)32,465
Net income (loss) attributable to noncontrolling interest134(140)
Other undisclosed net income (loss) attributable to parent (64,790)
Net loss attributable to parent:(188,173)(32,465)
Other undisclosed net loss available to common stockholders, basic  (61)
Net loss available to common stockholders, diluted:(188,173)(32,526)

Comprehensive Income ($ in thousands)

6/30/2023
TTM
12/31/2022
12/31/2021
Net income (loss):(188,307)32,465
Comprehensive income (loss):(188,307)32,465
Comprehensive income (loss), net of tax, attributable to noncontrolling interest134(140)
Comprehensive income (loss), net of tax, attributable to parent:(188,173)32,325

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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