Agrify's CEO Optimistic Despite YoY Decline In Q2 Revenue, Gross Profit: A Path To Profitability?
Agrify Corporation (NASDAQ: AGFY) announced on Tuesday second quarter financial results for the three months ended June 30, 2023, revealing a 73% year-over-year decrease in revenue to $5.1 million.Raymond Chang, chairman and CEO Officer at Agrify, provided more insight into what the company's focus was during the previous period."As described in our prior earnings release, the four key priorities for the Company are (1) restructuring our balance sheet, (2) reducing our costs and headcount, (3) improving our product offerings, and (4) getting our key products CE-certified for international markets," Chang said.