AGFYRYTHM Inc.
Slide 1 of 3
Company Overview
Name
RYTHM Inc.
52W High
$84.44
52W Low
$13.22
Market Cap
$37.5M
Dividend Yield
0%
Price/earnings
-5.33
P/E
-5.33
Tags
Dividends
No dividend
Sentiment
Score
Mixed
50
Low
Neutral
High
0
50
100
Trade Volume
Score
Neutral
50
Low
Neutral
High
0
50
100
Slide 2 of 3
Income Statement
Total Revenue
$4M
Operating Revenue
$4M
Total Gross Profit
$1.4M
Total Operating Income
$-8.9M
Net Income
$-10.7M
EV to EBITDA
$0.00
EV to Revenue
$5.68
Price to Book value
$3.20
Price to Earnings
$0.00
Additional Data
Selling, General & Admin Expense
$10.3M
Other Operating Expenses / (Income)
N/A
Total Operating Expenses
$-10.3M
Interest Expense
$-1.1M
Other Income / (Expense), net
$-611K
Total Other Income / (Expense), net
$-1.7M
Slide 3 of 3
Earnings History
Estimated EPS
Reported EPS
N/A Slide 1 of 5
Company Overview
Name
RYTHM Inc.
52W High
$84.44
52W Low
$13.22
Market Cap
$37.5M
Dividend Yield
0%
Price/earnings
-5.33
P/E
-5.33
Tags
Dividends
No dividend
Slide 2 of 5
Sentiment
Score
Mixed
50
Low
Neutral
High
0
50
100
Trade Volume
Score
Neutral
50
Low
Neutral
High
0
50
100
Slide 3 of 5
Income Statement
Total Revenue
$4M
Operating Revenue
$4M
Total Gross Profit
$1.4M
Total Operating Income
$-8.9M
Net Income
$-10.7M
EV to EBITDA
$0.00
EV to Revenue
$5.68
Price to Book value
$3.20
Price to Earnings
$0.00
Slide 4 of 5
Additional Data
Selling, General & Admin Expense
$10.3M
Other Operating Expenses / (Income)
N/A
Total Operating Expenses
$-10.3M
Interest Expense
$-1.1M
Other Income / (Expense), net
$-611K
Total Other Income / (Expense), net
$-1.7M
Slide 5 of 5
Earnings History
Estimated EPS
Reported EPS
N/AUpcoming Earnings
We were not able to find an announced earnings date for this symbol yet. Check back again later
Company Info
CEO
Raymond N. Chang
Location
Michigan, USA
Exchange
Nasdaq
Website
https://agrify.com
Summary
Agrify Corporation develops precision hardware and software cultivation and extraction solutions for cannabis and hemp industry in the United States.
Company Info
CEO
Raymond N. Chang
Location
Michigan, USA
Exchange
Nasdaq
Website
https://agrify.com
Summary
Agrify Corporation develops precision hardware and software cultivation and extraction solutions for cannabis and hemp industry in the United States.
Company FAQ
@autobot 6 months ago | 2025 - q1
What does this company do? What do they sell? Who are their customers?
Agrify Corporation is a leading organization specializing in the development of high-precision hardware and software solutions tailored for the cannabis and hemp industries in the United States. The company provides a comprehensive suite of products that include vertical farming units, advanced Agrified Insights Software-as-a-Service for detailed analytics, integrated grow racks, and energy-efficient LED grow lights. Agrify's target customers primarily consist of businesses within the cannabis cultivation sector, ranging from small-scale farms to large corporate operations looking to enhance productivity and efficiency. Agrify also offers an array of consulting and engineering services as well as construction solutions, providing a full cycle of support from initial design to final implementation. The company's focus is strongly placed on combining innovative technology with strategic partnership development to promote advanced cultivation capabilities and market competitiveness in the rapidly evolving cannabis industry.
What are the company’s main products or services?
Vertical Farming Units: These units are designed to provide optimal growing conditions for cannabis and hemp, enabling consistent and efficient cultivation throughout all growth stages.,Agrified Insights Software-as-a-Service: This analytics platform offers detailed insights and data-driven strategies to help maximize agricultural output and operational efficiency.,Integrated Grow Racks: Agrify's grow racks are engineered to optimize space utilization and improve the cultivation environment for enhanced productivity.,LED Grow Lights: The company offers advanced LED lighting solutions that promote healthier plant growth while being energy efficient.,Consulting, Engineering, and Construction Services: Agrify provides professional services to assist businesses from initial setup through to production scaling, helping them achieve operational success in the cannabis and hemp sectors.
Who are the company’s main competitors?
AeroFarms,Plenty Unlimited Inc.,Bowery Farming,Canopy Growth Corporation,Trulieve Cannabis Corp.
What drives the company’s stock price?
The stock price of Agrify Corporation is influenced by specific factors including the company's recent earnings results, which highlight its financial health, and technological advancements like their innovative vertical farming solutions. Regulatory changes impacting the cannabis sector also play a crucial role, as they can affect operational capabilities and market access. Notable recent events include the company's compliance with Nasdaq requirements and financial restructuring efforts which target improved liquidity, thereby affecting investor confidence.
What were the major events that happened this quarter?
During the most recent quarter, Agrify Corporation experienced significant financial transitions and strategic realignments. The company reported its Q3 2024 revenue figures, which reflected a net loss impacted considerably by changes in warrant liabilities. Amid these financial disclosures, Agrify has also secured convertible note financing of up to $20 million, demonstrating a proactive approach to bolstering financial stability. In a notable leadership shift, Ben Kovler was appointed as the Chairman and Interim CEO, embarking on strategic measures aimed at revitalizing the company's direction. The sale of Agrify's cultivation business to CP Acquisitions for $7 million highlighted a strategic move to channel focus towards the thriving THC beverage space. These activities underpin Agrify's ongoing efforts to adapt to industry changes and strategically allocate resources for optimal business positioning.
What do you think will happen next quarter?
Looking ahead to the next quarter, Agrify Corporation is poised to deepen its involvement in the THC beverage market, following its recent strategic pivot away from direct cannabis cultivation. Anticipated developments include potential product launches under the Señorita brand, thus entering new market segments and expanding its consumer base. The company is also likely to continue its focus on improving its balance sheet through tactical financial maneuvers, possibly resulting in further capital-raising initiatives or strategic partnerships. In terms of operational expectations, Agrify could intensify efforts to leverage its technology solutions to scale its Software-as-a-Service offerings, particularly targeting analytics-driven cultivation improvements. Optimism about regulatory advancements and market expansion in the cannabis sector may fuel the company's momentum, allowing for strategic brand and product line growth through the increasing legalization landscape.
What are the company’s strengths?
Agrify Corporation's primary strengths hinge on its innovative technological solutions and commitment to precision agriculture in the cannabis sector. The company's vertical farming units and integrated grow systems are at the forefront of modern cultivation techniques, providing clients with advanced tools that foster superior yield and efficiency. Agrify's deep-rooted expertise in developing and deploying Agrified Insights Software further cements its leadership in offering data-driven analytics to optimize agricultural productivity. The company's strategic focus on tailored solutions for the cannabis and hemp industries underscores its dedication to industry-specific innovation. Furthermore, recent leadership developments and financial realignments demonstrate solid governance and a calculated approach to maintaining strategic flexibility in a dynamic market.
What are the company’s weaknesses?
Agrify Corporation faces several vulnerabilities, particularly within its financial structure and operational strategy. Despite technological advancements, the company's financial reports indicate persistent net losses, exacerbated by high operational costs and liabilities like warrant changes which have impacted overall fiscal health. Additionally, Agrify's previous dependency on cannabis cultivation, which it has now divested, points to potential strategic volatility. The transition into new market segments such as THC beverages introduces execution risks, with uncertainties regarding consumer acceptance and competitive pushback in a saturated market. Regulatory challenges in cannabis markets also pose a significant risk, affecting operational scope and financial projections in an unpredictable legislative landscape. This uncertainty, combined with operational cost pressures and industry competition, highlights potential strains on the company's growth and profitability.
What opportunities could the company capitalize on?
Agrify Corporation is well-positioned to explore several growth opportunities within the cannabis and hemp markets. The company's recent focus shift towards THC-infused beverages presents a vast new arena for innovation and market penetration, tapping into growing consumer trends for alternative cannabis consumption methods. Expanding its software offerings could capitalize on increasing demand for data analytics in agricultural optimizations. Further, Agrify's proprietary technology can be leveraged to capture market share in the burgeoning vertical farming industry, addressing both sustainability concerns and the desire for more efficient cultivation methods. Strategic alliances and partnerships present opportunities to diversify the company's portfolio and enhance market positioning. Additionally, ongoing cannabis legalization trends across various jurisdictions offer potential market expansion and revenue growth avenues for Agrify in both existing and new geographical segments.
What risks could impact the company?
Agrify Corporation faces several risks that could impact its strategic objectives and market performance. The company's financial health is a critical concern, with historical patterns of net losses impacting investor confidence and operational liquidity. Regulatory uncertainties across different regions, especially within the cannabis sector, could hinder market access and legal operations, affecting both current revenue streams and future growth. External market pressures, such as increased competition from both established giants and new entrants, pose a threat to market share and pricing strategies. Specific to its new focus area, the THC beverage market presents unknown consumer dynamics and evolving preferences that could impact product adoption and demand. Additionally, Agrify's reliance on technology adoption and market shifts comes with inherent risks related to rapid technological changes and the need for continuous innovation, which require sustained investment and adaptation.
What’s the latest news about the company?
Recently, Agrify Corporation has been highlighted for a series of strategic and financial developments. The company reported achieving compliance with Nasdaq's $2.5 million stockholders' equity requirement after significant financial restructuring, notably a $13.8 million debt-to-equity conversion. This move was positively received, as it underscores management's commitment to maintaining its Nasdaq listing and improving its financial structure. Additionally, Agrify announced a major shift by divesting its cultivation business to CP Acquisitions, focusing instead on the THC beverage sector which aligns with current consumer trends in cannabis consumption. These strategic shifts are accompanied by leadership updates, with Ben Kovler stepping into the role of Chairman and Interim CEO, signifying a potential new direction for company vision and operations. With the completion of a $25.9 million private share placement intended for corporate growth and operation expansion, Agrify reflects a proactive stance toward navigating industry challenges and enhancing long-term shareholder value.
What market trends are affecting the company?
The cannabis and hemp industries are witnessing transformative trends, reflecting broader shifts in consumer preferences and regulatory landscapes. A significant trend is the growing consumer interest in alternative cannabis products, such as THC-infused beverages, which opens new market niches beyond traditional consumption methods. The trend towards sustainability and precision farming is encouraging companies to adopt cutting-edge agricultural technologies, a move that Agrify is positioned to capitalize on with its advanced cultivation solutions. Market dynamics are shaped by ongoing state-level legalization and federal regulatory discussions, which, while promising, also present periods of volatility and uncertainty for stakeholders. Additionally, the rapid expansion of vertical farming and hydroponics indicates a shift towards more controlled and efficient agricultural methods, offering supplemental growth for firms equipped with the necessary technological tools and expertise. The intersection of these trends suggests a pivotal time for industry players to innovate and collaborate, securing competitive advantages in an environment that is becoming progressively data-driven and consumer-centered.
Price change
$24.01
