AgriFORCE Growing Systems, Ltd. (AGRI) is a leading company aimed at developing automated growth platforms for agriculture products. AGRI utilizes hydroponics techniques for the growth of different agri-based products. The company is also engaged in refining the methods used in controlled-environment agriculture.
The price of AGRI stock during the regular trading on January 28, 2022, was $1.21 with an incline of 2.66%. At last check in the aftermarket, the stock further surged significantly by 8.14%.
AGRI: Events and Happenings
On January 28, 2022, AGRI reported that the company’s Executives will present at the Virtual Winter Wonderland Best Ideas Investor Conference being held on February 8-11 2022. On January 11, 2022, AGRI updated about its purchase plan of a principal European consultancy of agri-tech for its optimization and operational skills.
AGRI reported about its entry into a definitive partnership with Humboldt Bliss, Ltd. on December 02, 2021. The main purpose of the collaboration is the placement of the company’s foundational IP. The main facilities provided by Humboldt include a growing platform for the growth and marketing of important agri-based products.
On November 24, 2021, the company reported that its Executives presented at the following investor conferences held virtually.
- Canaccord Genuity 2ndAnnual AgriFood Tech Innovations Forum held on December 2, and
- Benzinga All Access Event also held on December 2, 2021.
AGRI: Key Financials
On November 15, 2021, AGRI reported its financial results for the quarter ended September 30, 2021. Some of the key updates are as follows.
Assets
Total current assets during the period were reported to be $10.3 million.
Net Loss per Share
Basic and diluted net loss per share in Q3 2021 was $1.82 million or $0.14 against $0.97 million or $0.12 in the same period of 2020.
On November 10, 2021, the company reported that its Executives presented at the Virtual 10th Annual Roth Technology & Inaugural AgTech Answers Event held on November 16-18, 2021.
Conclusion
AGRI stock underplayed during the last six months period as its price declined by 66% over the period. This downfall is the result of global pandemic recessive economic growth. The company announced its participation at an Investor Conference, resultantly the stock price in aftermarket increased. The analysts had shown confidence in the company’s policies.
