Cash $89. +$43,775.51 +7.40% S&P +1.90. Have to expect to be giving back. Really didn't expect
anything until February.
SDOT earnings have plenty of write downs regarding their restaurant business. Probably will still have some
effect on next quarter.
finance.yahoo.com
From a standing stop less than a year ago. Bottom of the first inning, maybe.
The Company reported Q3 2023 consolidated revenue of $182 million, a significant increase compared to $3 million for Q3 2022.
"We have now achieved 11 consecutive months, since inception, in which we reported over $45 million in
revenue led by our Sadot Agri-Foods division. Also of note, the past quarter marked a significant milestone
with the realization of our first revenues from the recent strategic acquisition of our Sadot Zambia farming
operation."
Importantly, our 2023 year-to-date adjusted EBITDA stands at a positive $2.8 million profit versus a negative
$4.1 million loss in 2022, a $6.9 million positive swing versus a year ago.
Entered into a strategic service agreement with Buenaventura Trading LLC thereby expanding the Company's
commodity trade routes into the Americas and their first trade revenues were realized this past quarter.
The Company officially completed the acquisition of farmland in Zambia on August 18, 2023. The acquisition includes
approximately 5,000 acres of farmland in the Mkushi Region. Farm operations are expected to provide a reliable
supply of grains and tree crops (mango and avocado).
In August 2023, the Company achieved its first successful harvest of premium grade winter wheat, yielding 987 metric
tons and selling at $515 per metric ton, resulting in revenue exceeding $500,000.
In October 2023, the Company planted approximately 540 hectares (1,334 acres) of maize and approximately
314 hectares (775 acres) of soybeans."
____________________________________________________________________________
SURG earnings: call is here: SURG $5.72 $0.14 2.51% - TIKR Terminal
"I'm pleased to announce that the third quarter of 2023 continues the profitability trend that we saw at the end of 2022,
delivering our highest ever net income of $7.1 million and EBITDA of $7.5 million. This year has indeed demonstrated
the long-term profitability potential of the business, and we are just getting started.
We have achieved over $17 million of net income year-to-date and our profitability margins have continued to expand.
Our cash balance improved to over $12 million and minimal debt. This year compares well to September 30 of last year,
when we lost approximately $3.7 million on the bottom line."
Was looking to see where their debt was:
"At the end of the third quarter, we had over $12 million of cash on the balance sheet and minimal debt.”
Didn't see a number, but did see this:
" Of the $8.6 million gain for the third quarter included lower interest expense of $503,000 less than a year ago period." |
