Agrify Corporation reported earnings results for the first quarter ended March 31, 2023. For the first quarter, the company reported sales was USD 5.8 million compared to USD 26.02 million a year ago. Net loss was USD 10.33 million compared to net income of USD 1.78 million a year ago.

Basic loss per share from continuing operations was USD 9.63 compared to basic earnings per share from continuing operations of USD 14.48 a year ago. Diluted loss per share from continuing operations was USD 9.63 compared to diluted earnings per share from continuing operations of USD 13.79 a year ago.