Agrify Corporation develops precision hardware and software cultivation and extraction solutions for the cannabis and hemp industry in the United States. The company offers vertical farming units and Agrify Insights Software-as-a-Service software; integrated grow racks and LED grow lights; and non-proprietary products designed, engineered, and manufactured by third parties, such as air cleaning systems and pesticide-free surface protection products. It also provides associated services comprising consulting, engineering, and construction. The company was formerly known as Agrinamics, Inc. and changed its name to Agrify Corporation in September 2019. Agrify Corporation was incorporated in 2016 and is headquartered in Billerica, Massachusetts.
Revenue of Agrify Corporation (AGFY)
Revenue in 2023 (TTM): $16.87 M
According to Agrify Corporation's latest financial reports the company's current revenue (TTM) is $16.87 M. The revenue is the total amount of income that a company generates by the sale of goods or services. Unlike with the earnings no expenses are subtracted.
Revenue history of Agrify Corporation
Annual Revenue
| Year | Revenue | Gross Profit | Ebitda | Income Before Tax | Net Income |
|---|---|---|---|---|---|
| 2023 | $16.87 M | $5.28 M | $-19,822,000 | $-18,648,000 | $-18,649,000 |
| 2022 | $58.26 M | $-31,795,000 | $-61,435,000 | $-188,284,000 | $-188,173,000 |
| 2021 | $59.86 M | $5.23 M | $-34,979,000 | $-32,300,000 | $-32,325,000 |
| 2020 | $12.09 M | $570 K | $-3,667,000 | $-21,639,000 | $-30,640,000 |
| 2019 | $4.09 M | $-245,000 | $-3,081,000 | $-3,042,000 | $-3,042,000 |
| 2018 | $1.77 M | $222 K | $-1,016,000 | $-1,014,000 | $-1,014,000 |