AppHarvest, Inc. - APPH STOCK NEWS

AppHarvest, Inc. (NASDAQ: APPH, APPHW), a sustainable food company, is set to release its financial results for the first quarter of 2023 on May 10, 2023. This announcement comes as the company continues its mission to cultivate affordable, nutritious fruits and vegetables using innovative, high-tech indoor farming techniques. The financial results will be discussed in a conference call and webcast at 4:30 p.m. ET on the same day. Investors can access the live stream via the company’s Investor Relations section on its website. AppHarvest operates several advanced indoor farms across Kentucky, including a flagship 60-acre farm in Morehead, utilizing up to 90% less water than traditional farming methods while achieving yields up to 30 times greater. The farm network totals 165 acres under glass, reinforcing the company's commitment to sustainable agriculture.

AppHarvest, Inc. (NASDAQ: APPH, APPHW) reported a 60% year-over-year increase in net sales for 2022, totaling $14.6 million. The company quadrupled its farm network, officially launching three new farms and diversifying its crop range to include tomatoes, salad greens, and strawberries. Despite achieving these milestones, AppHarvest recorded a net loss of $176.6 million. The company forecasts net sales of $40 million to $50 million for 2023, while expecting an Adjusted EBITDA loss between $67 million and $76 million. AppHarvest aims to reach positive Adjusted EBITDA by 2026, underlining its strategic focus on operational efficiency and profitability.

AppHarvest, Inc. (NASDAQ: APPH, APPHW) has completed its public offering of 46 million shares of common stock at $1.00 per share, raising approximately $46 million before expenses. The offering included the full exercise of a 6 million share option by underwriters. These funds will be allocated for working capital and general corporate uses. Cowen and Company served as the sole book-running manager, while Roth Capital Partners acted as co-manager. AppHarvest operates high-tech indoor farms in Kentucky, utilizing sustainable practices to produce fruits and vegetables with significantly lower water usage than traditional agriculture.

AppHarvest (NASDAQ: APPH, APPHW), a sustainable food company, announced that it will release its fourth quarter 2022 and full-year 2022 financial results on March 9, 2023. A conference call to discuss the results will be held the same day at 4:30 p.m. ET, accessible via the company’s Investor Relations website. AppHarvest operates high-tech indoor farms in Kentucky, utilizing robotics and AI to produce fruits and vegetables efficiently. Their farms use significantly less water compared to traditional agriculture while achieving yields up to 30 times higher.

AppHarvest, Inc. (NASDAQ: APPH, APPHW) has announced the pricing of its underwritten public offering of 40 million shares at $1.00 per share, aiming to raise approximately $40 million before expenses. The offering includes a 30-day option for underwriters to purchase an additional 6 million shares. The funds raised will be utilized for working capital and general corporate purposes. The offering is expected to close by February 14, 2023, contingent upon customary closing conditions. Cowen and Company is the sole book-running manager for this offering.

AppHarvest, Inc. (NASDAQ: APPH, APPHW) has initiated a $40 million underwritten public offering of its common stock, with an option for underwriters to purchase an additional 15%. The funding is primarily aimed at working capital and general corporate purposes. Cowen and Company is the book-running manager for this offering. The success and specifics of this offering remain dependent on market conditions. A registration statement for the offering was previously filed and became effective on August 16, 2022.

AppHarvest operates high-tech indoor farms in Appalachia, focusing on sustainable food production.

AppHarvest, Inc. (NASDAQ: APPH, APPHW) announced that all four farms in its network are now shipping tomatoes, strawberries, and salad greens to major retailers and restaurants. The company has launched its first harvest of tomatoes from a 60-acre indoor farm in Richmond, KY, fulfilling its goal to quadruple farm operations by the end of 2022. The Richmond farm is part of a total of 165 acres under glass across four farms. AppHarvest appointed Tony Martin as Chief Operating Officer to enhance production and revenue. The company also completed a $127 million sale-leaseback deal for its Berea farm, which is the largest facility for autonomously harvested salad greens.