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AgroFresh Solutions, Inc. (NASDAQ: AGFS) has expanded its SmartFresh™ portfolio with the approval of SmartFresh InBox for additional crops in California. This portable solution helps maintain produce freshness by delaying ripening, now available for apples, pears, avocados, kiwi, and stone fruits. SmartFresh InBox is designed for ease of application, offering effective protection against food loss and waste. With over 25,000 storage rooms using SmartFresh worldwide, AgroFresh continues to lead the post-harvest freshness solutions industry, striving to enhance food quality and sustainability.
Novozymes and AgroFresh have entered a partnership to develop biological solutions aimed at improving post-harvest food quality and reducing waste caused by fungal pathogens. This strategic collaboration will leverage Novozymes' biotech expertise and AgroFresh's application knowledge to create innovative products for fruits, vegetables, and flowers. With an estimated one-third of food produced lost or wasted, this initiative addresses significant supply chain challenges and aims to meet growing consumer demand for sustainable practices in agriculture.
AgroFresh Solutions (Nasdaq: AGFS) has inaugurated a new global innovation center in Rancagua, Chile, focusing on enhancing produce quality and extending shelf life. This facility will support growers and retailers across Latin America with custom operational and technical services. Chile, a leading exporter of over 2.6 million tons of fruit annually, has a strong history of adopting innovative agricultural practices. The center will employ more than 40 scientists and is expected to reduce food waste and increase operational efficiency.
AgroFresh Solutions, Inc. (Nasdaq: AGFS) announced that CEO Clinton Lewis, Jr. will attend the H.C. Wainwright Global Investment Conference on May 23, 2022. This virtual event provides a platform for investor interactions. An audio webcast of the presentation will be available on May 24, 2022, at 7:00 am ET through the company’s investor relations website. AgroFresh, a leader in AgTech, focuses on reducing food waste and enhancing fresh produce quality through innovative solutions and technologies, boasting 40 years of industry experience.
AgroFresh Solutions (Nasdaq: AGFS), a leader in AgTech, announced its participation in the BMO Capital Markets Global Farm to Market Conference on May 19, 2022. The management team, including CEO Clinton Lewis, Jr. and CFO Graham Miao, will engage with investors. A fireside chat will take place at 11:00 am ET, and interested parties can access the audio webcast through AgroFresh's investor relations website. The company focuses on reducing food waste and enhancing the quality of fresh produce with innovative solutions and decades of experience.
AgroFresh Solutions reported a 2.3% increase in net sales to $39.9 million in Q1 2022, with 5.5% growth on a constant currency basis. Diversification revenue grew 11.2%, comprising 43.3% of total revenues. However, the company faced a net loss of $3.2 million, contrasting with a net income of $8.2 million in Q1 2021, which benefited from one-time litigation proceeds. Adjusted EBITDA was $15.0 million, up 5.9% year-over-year. The company anticipates continued growth for the full year, driven by its diversification strategy.
AgroFresh Solutions (Nasdaq: AGFS) will announce its first quarter results on May 11, 2022, after the market closes. A conference call is scheduled for 4:30 p.m. ET to discuss the results in detail. Investors can access the call via the company's website and participate through specific dial-in numbers. AgroFresh, a leader in AgTech, focuses on reducing food waste and enhancing fresh produce quality through innovative, science-based solutions and digital technologies, with over 40 years of industry experience.
AgroFresh Solutions, a leader in produce freshness solutions, reported Q4 2021 net sales of $55.9 million, up 7.8% year-over-year. Full-year 2021 revenue grew 5.3% to $166.0 million. The company achieved a net income of $2.2 million for Q4, reversing a $2.7 million loss in Q4 2020. Adjusted EBITDA rose 11.4% to $26.4 million in Q4 and 3.3% to $62.0 million for the year. Diversification revenue increased 15.9%, accounting for 42% of total revenue. AgroFresh also launched its inaugural ESG report to reinforce its sustainability commitments.
AgroFresh Solutions (Nasdaq: AGFS) announced participation in the 34th Annual Roth Conference on March 14, 2022. CEO Clinton Lewis, Jr. and CFO Graham Miao will engage with investors during the event. AgroFresh is a leader in produce freshness solutions, dedicated to reducing food waste and enhancing the quality of fresh produce. With over 40 years of post-harvest expertise, the company provides innovative, data-driven technologies and customer services across the food supply chain. Interested parties should contact their Roth salesperson for meeting details.
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