Agrify Corp jumps as quarterly revenue more than triples

RYTHM

11/05/2022 19:30

** Shares  AGFY.O  of the company, which provides solutions
for indoor farming, up ~11% at $2.70
    ** Stock set to break four consecutive sessions of declines
    ** AGFY's Q1 revenue surges to $26 mln from $7 mln vs est
$25.4 mln - Refinitiv data  urn:newsml:reuters.com:*:nASA03BLW
    ** Company's Q1 net loss widens to $8.9 mln, or 36 cents per
share, from $3.8 mln, or 33 cents per share, a year earlier
    ** Stock down ~70% YTD

 (Reporting by Deborah Sophia in Bengaluru)
 ((DeborahMary.Sophia@thomsonreuters.com))