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AGRIFY CORPORATION

(AGFY)
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Agrify Introduces Vertical Farming Unit Next Generation Technology

10/19/2021 | 07:00am EST

Agrify Corporation announced new and improved technology for its micro-environment-controlled Vertical Farming Units (“VFUs”), which the Company will unveil at MJBizCon 2021, booth C3512, being held October 19-22 in Las Vegas, Nevada. The upgraded VFUs offer updated features integral to cultivator success, including industry-first 3.0 micro-moles per Joule, NSF certified lighting, cameras, soil sensors, and automated harvest weight tracking, and will be available in the first quarter of 2022. New features of the enhanced VFUs include: Durable, spectrum adjustable lights that can be precisely tailored to serve the specific needs of different cannabis plants. Delivering approximately a 40% increase in light output, with best-in-class power efficiency of 3.0 micro-moles per Joule, their performance is backed by several certification standards including DLC, NSF, and UL. A camera system powered by Agrify Insights with continuous image analysis that is capable of monitoring plant health in real time. This new camera system captures both the visible and infrared spectrum to proactively identify issues before they can be seen with the naked eye. Continuous soil quality detection through moisture and electric conductivity sensing, minimizing risk from facility anomalies, nutrient deficiencies, and improper irrigation and fertigation schedules. A fully integrated plug-and-play system for automated harvest weight data capture, via the Company’s partnership with Outlaw Technology, the industry leader in RFID and barcode data capture solutions. This integration effectively eliminates the need to manually enter data into METRC, thus reducing human error and allowing for accurate inventory input and audits to be completed in minutes instead of hours.


ę S&P Capital IQ 2021
All news about AGRIFY CORPORATION
11/15AGRIFY : Strengthens Executive Leadership Team to Further Support Growth Initiatives - For..
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11/15AGRIFY CORP : Change in Directors or Principal Officers, Other Events, Financial Statement..
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11/12Agrify Corporation Reports Earnings Results for the Third Quarter and Nine Months Ended..
CI
11/12AGRIFY CORP Management's Discussion and Analysis of Financial Condition and Results of..
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11/10Agrify Names Thomas Massie as COO, Timothy Oakes as CFO
MT
11/10Agrify Posts Wider Q3 Net Loss Even as Revenue Jumps, Lifts 2021 Revenue Guidance; New ..
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11/10Agrify Mulls Acquisitions
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11/10Agrify Announces Third Quarter 2021 Financial Results - Form 8-K
PU
11/10Agrify Strengthens Executive Leadership Team to Further Support Growth Initiatives
AQ
11/10Agrify Corporation Announces Executive Changes
CI
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Analyst Recommendations on AGRIFY CORPORATION
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Financials (USD)
Sales 2021 62,4 M - -
Net income 2021 -25,5 M - -
Net Debt 2021 - - -
P/E ratio 2021 -9,31x
Yield 2021 -
Capitalization 287 M 287 M -
Capi. / Sales 2021 4,60x
Capi. / Sales 2022 2,00x
Nbr of Employees 66
Free-Float 88,6%
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Technical analysis trends AGRIFY CORPORATION
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Mean consensus BUY
Number of Analysts 5
Last Close Price 13,50 $
Average target price 34,00 $
Spread / Average Target 152%
EPS Revisions
Managers and Directors
Raymond N. Chang Chairman & Chief Executive Officer
Thomas L. Massie President, Chief Operating Officer & Director
Timothy R. Oakes Chief Financial Officer
David Kessler Chief Science Officer
Krishnan Varier Independent Director
Sector and Competitors