AgroFresh Solutions, Inc. provides science-based solutions, data-driven technologies, and services to enhance the quality and extend the shelf life of fresh produce. The company operates through two segments, AgroFresh Core and Tecnidex. It offers solutions in various fresh produce categories, including apples, pears, citrus, kiwifruit, avocados, bananas, and other crops. The company supports growers, packers, and retailers to enhance produce freshness and quality while reducing waste. Its flagship product is the SmartFresh system that regulates the post-harvest ripening effects of ethylene to preserve the texture, firmness, taste, and appearance of produce during storage, transportation, and retail display. It also provides Harvista technology for use in near-harvest management of pome fruit, blueberries, and cherries; FreshCloud, a digital technology service platform of produce monitoring and screening solutions; LandSpring, a 1-MCP technology targeted to transplanted vegetable seedlings; and RipeLock, a packaging technology solution for fruits and vegetables. In addition, the company offers fungicides, disinfectants, coatings, and packinghouse equipment for the citrus market. It operates in North America, Europe, the Middle East, Africa, Latin America, and the Asia Pacific. AgroFresh Solutions, Inc. is headquartered in Philadelphia, Pennsylvania.
IPO Year: 2014
Exchange: NASDAQ
Website: agrofresh.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 11/10/2022 | Buy → Neutral | ROTH Capital |
MORRISVILLE, N.C., Dec. 16, 2021 /PRNewswire/ -- TARGAN Inc., a biotechnology systems company transforming animal protein production by bringing individualized care technologies to the poultry, swine, and aquaculture markets, announces the appointment of Mr. Clinton A. Lewis, Jr. to its board of directors. TARGAN, a biotechnology systems company announces the appointment of Mr. Clinton A. Lewis, Jr. to its Board of DirectorsClinton A. Lewis, Jr., has over 30 years of commercial, general management and senior leadership experience across the life sciences, pharmaceutical, veter
PHILADELPHIA, April 12, 2021 (GLOBE NEWSWIRE) -- AgroFresh Solutions, Inc. (NASDAQ:AGFS) (the "Company"), a global leader in produce freshness solutions, today announced that Clinton A. Lewis Jr. has been appointed as Chief Executive Officer and to the Company's Board of Directors, effective immediately. Mr. Lewis succeeds Jordi Ferre as Chief Executive Officer, who is expected to work with Mr. Lewis and the rest of the team in the coming weeks to ensure a smooth transition.Mr. Lewis brings 30-plus years of experience in the life sciences space, serving in a number of national and international leadership roles at Pfizer and Zoetis, the world's largest animal health company. Mr. Lewis was
ROTH Capital downgraded AgroFresh Solutions from Buy to Neutral
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Third quarter 2022 net sales were $47.8 million, a decrease of 2.9% (or an increase of 3.1% on a constant currency basis) versus the prior year period; net sales increased 3.0% (or 8.1% on a constant currency basis) for the nine months ended September 30, 2022 versus the prior year period.Diversification revenue (all other product categories excluding SmartFresh™ for apples) grew 12.7% for the trailing twelve month period ended September 30, 2022 versus the twelve months ended September 30, 2021, and represented 44.5% of consolidated revenues during the twelve months ended September 30, 2022. Net loss of $4.6 million for the third quarter of 2022, as compared to net income of $0.8 million fo
PHILADELPHIA, Oct. 26, 2022 (GLOBE NEWSWIRE) -- AgroFresh Solutions, Inc. (NASDAQ:AGFS), a global AgTech innovator providing a range of solutions, digital technologies and services to enhance the quality and extend the shelf life of fresh produce, today announced that it will release third quarter results after the market closes on Wednesday, November 9, 2022, followed by a conference call at 4:30 p.m. ET to discuss the results. Conference Call The Company will host a conference call and webcast on Wednesday, November 9, 2022, at 4:30 p.m. ET where members of the executive management team will discuss third quarter results with additional comments and details. The conference call and su
Second quarter 2022 net sales were $25.8 million, an increase of 17.5% (or 23.9% on a constant currency basis) versus the prior year period; first half 2022 net sales increased 7.8% (or 12.1% on a constant currency basis) versus the prior year period.Diversification revenue (all other product categories excluding SmartFresh™ for apples) grew 12.0% for the trailing twelve month period ended June 30, 2022 versus the twelve months ended June 30, 2021, and represented 44.1% of consolidated revenues during this period.Net loss of $18.4 million for the second quarter of 2022, as compared to net loss of $17.3 million for the second quarter of 2021. First half 2022 net loss of $21.5 million versus a
PHILADELPHIA, July 26, 2022 (GLOBE NEWSWIRE) -- AgroFresh Solutions, Inc. (NASDAQ:AGFS), a global AgTech innovator providing a range of solutions, digital technologies and services to enhance the quality and extend the shelf life of fresh produce, today announced that it will release second quarter results after the market closes on Tuesday, August 9, 2022, followed by a conference call at 4:30 p.m. ET to discuss the results. Conference Call The Company will host a conference call and webcast on Tuesday, August 9, 2022, at 4:30 p.m. ET where members of the executive management team will discuss second quarter results with additional comments and details. The conference call and suppleme
First quarter 2022 net sales were $39.9 million, an increase of 2.3% (or 5.5% on a constant currency basis) versus the prior year period.Diversification revenue (i.e. excluding sales of SmartFresh™ for apples) grew 11.2% for the trailing twelve month period ended March 31, 2022 versus the twelve months ended March 31, 2021, and represented 43.3% of consolidated revenues during this period.Net loss of $3.2 million for the first quarter of 2022, as compared to net income of $8.2 million for the first quarter of 2021 that benefited from one-time litigation proceeds. Adjusted EBITDA1 of $15.0 million for the first quarter of 2022, an increase of 5.9%, compared to $14.2 million in the prior year
PHILADELPHIA, April 27, 2022 (GLOBE NEWSWIRE) -- AgroFresh Solutions, Inc. (NASDAQ:AGFS), a global leader in produce freshness solutions devoted to fighting food loss and waste, today announced that it will release first quarter results after the market closes on Wednesday, May 11, 2022, followed by a conference call at 4:30 p.m. ET to discuss the results. Conference Call The Company will host a conference call and webcast on Wednesday, May 11, 2022, at 4:30 p.m. ET where members of the executive management team will discuss first quarter results with additional comments and details. The conference call and supplemental earnings presentation will be available live over the interne
Fourth quarter 2021 net sales were $55.9 million, an increase of 7.8% (or 10.0% on a constant currency basis) versus the prior year period; full year 2021 net sales increased 5.3% versus the prior year. Diversification revenue (i.e. excluding sales of SmartFresh™ for apples) grew 15.9% for the full year 2021 versus the prior year period, and represented 42% of consolidated revenues during this period.Net income of $2.2 million for the fourth quarter of 2021, as compared to net loss of $2.7 million for the fourth quarter of 2020. For the full year 2021, net loss was $6.1 million, compared to net loss of $53.0 million in the prior year.Adjusted EBITDA1 of $26.4 million for the fourth quarter o
PHILADELPHIA, Feb. 23, 2022 (GLOBE NEWSWIRE) -- AgroFresh Solutions, Inc. (NASDAQ:AGFS), a global leader in produce freshness solutions devoted to fighting food loss and waste, today announced that it will release fourth quarter and full year results after the market closes on Wednesday, March 09, 2022, followed by a conference call at 4:30 p.m. ET to discuss the results. Conference Call The Company will host a conference call and webcast on Wednesday, March 09, 2022, at 4:30 p.m. ET where members of the executive management team will discuss fourth quarter results with additional comments and details. The conference call and supplemental earnings presentation will be available live o
Third quarter 2021 net sales were $49.2 million, a decrease of 6.8% (or 7.1% on a constant currency basis) versus the prior year period due to Northern Hemisphere harvest timing and extreme weather events; year-to-date net sales increased 4.1% versus the prior year period.Diversification revenue (i.e. excluding sales of SmartFresh TM for apples) grew 14.6% for the trailing twelve month period ended September 30, 2021 versus the twelve months ended September 30, 2020, and represented 41.3% of consolidated revenues during this period.Net income of $0.8 million for the third quarter of 2021, as compared to net loss of $29.7 million for the third quarter of 2020. For the nine months ended Septem
PHILADELPHIA, Oct. 27, 2021 (GLOBE NEWSWIRE) -- AgroFresh Solutions, Inc. (NASDAQ:AGFS), a global leader in produce freshness solutions devoted to fighting food loss and waste, today announced that it will release third quarter results after the market closes on Wednesday, November 10, 2021, followed by a conference call at 4:30 p.m. ET to discuss the results. Conference Call The Company will host a conference call and webcast on Wednesday, November 10, 2021, at 4:30 p.m. ET where members of the executive management team will discuss third quarter results with additional comments and details. The conference call and supplemental earnings presentation will be available live over the in
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NEW YORK, NY / ACCESSWIRE / November 23, 2022 / Lifshitz Law PLLC:Imara Inc. (NASDAQ:IMRA)Lifshitz Law PLLC announces an investigation into possible breach of fiduciary duties in connection with the merger of IMRA and Enliven Therapeutics, Inc.If you are an IMRA investor, and would like additional information about our investigation, please complete the Information Request Form or contact Joshua Lifshitz, Esq. by telephone at (516)493-9780 or email at [email protected] Solutions, Inc. (NASDAQ:AGFS)Lifshitz Law PLLC announces an investigation into possible breach of fiduciary duties in connection with the sale of AGFS to Paine Schwartz Partners for $3.00 per share in cash.If you a
PHILADELPHIA, Nov. 22, 2022 (GLOBE NEWSWIRE) -- AgroFresh Solutions, Inc. (NASDAQ:AGFS) ("AgroFresh" or the "Company") today confirmed that the Company entered into a definitive merger agreement with investment funds affiliated with Paine Schwartz Partners ("Paine Schwartz"), a global leader in sustainable food chain investing, pursuant to which such funds will acquire all of the outstanding common stock of the Company ("Common Stock") for $3.00 per share in cash. This represents a 91% premium over the Company's share price at market close on October 26, 2022, an 88% premium over the Company's unaffected 60-day volume-weighted average price ("VWAP") as of October 26, 2022, and a 33% premiu
PHILADELPHIA, Nov. 10, 2022 (GLOBE NEWSWIRE) -- AgroFresh Solutions, Inc. (NASDAQ:AGFS) ("AgroFresh" or the "Company"), the global leader in post-harvest freshness solutions, and Ceradis Crop Protection B.V., a global developer of environmentally friendly crop protection products, today announced they have entered into an exclusive license and distribution agreement to bring CeraFruta®, a new organic bio-solution that fights fungal decay, to the post-harvest space. The agreement between the two companies will launch in the U.S., leveraging AgroFresh's experience working with customers on innovative solutions that reduce food loss and promote sustainable agriculture. "AgroFresh is commit
Third quarter 2022 net sales were $47.8 million, a decrease of 2.9% (or an increase of 3.1% on a constant currency basis) versus the prior year period; net sales increased 3.0% (or 8.1% on a constant currency basis) for the nine months ended September 30, 2022 versus the prior year period.Diversification revenue (all other product categories excluding SmartFresh™ for apples) grew 12.7% for the trailing twelve month period ended September 30, 2022 versus the twelve months ended September 30, 2021, and represented 44.5% of consolidated revenues during the twelve months ended September 30, 2022. Net loss of $4.6 million for the third quarter of 2022, as compared to net income of $0.8 million fo
PHILADELPHIA, Oct. 26, 2022 (GLOBE NEWSWIRE) -- AgroFresh Solutions, Inc. (NASDAQ:AGFS), a global AgTech innovator providing a range of solutions, digital technologies and services to enhance the quality and extend the shelf life of fresh produce, today announced that it will release third quarter results after the market closes on Wednesday, November 9, 2022, followed by a conference call at 4:30 p.m. ET to discuss the results. Conference Call The Company will host a conference call and webcast on Wednesday, November 9, 2022, at 4:30 p.m. ET where members of the executive management team will discuss third quarter results with additional comments and details. The conference call and su
PHILADELPHIA, Sept. 21, 2022 (GLOBE NEWSWIRE) -- AgroFresh Solutions, Inc. (NASDAQ:AGFS) ("AgroFresh" or the "Company") today announced their participation in Fruit Attraction in Madrid Oct. 4-6 at booth 3C12. Organized by IFEMA MADRID and FEPEX, Fruit Attraction is one of the main international trade shows bringing together the fruit and vegetable industry. As a global AgTech innovator and the leader in the fresh produce post-harvest segment, AgroFresh representatives will showcase a full range of freshness solutions and digital technologies that enhance the quality and help extend the shelf life of fresh fruits and vegetables. "We look forward to meeting again with our industry collea
PHILADELPHIA, Sept. 07, 2022 (GLOBE NEWSWIRE) -- AgroFresh Solutions, Inc. (NASDAQ:AGFS), a global AgTech innovator providing a range of solutions, digital technologies and services to enhance the quality and extend the shelf life of fresh produce, today announced that it will be participating in three investor conferences in September. H.C. Wainwright Annual Global Investment Conference - New York, NY, September 12-13: Clint Lewis, CEO, and Graham Miao, CFO, will host a presentation starting at 3:00 pm ET on Tuesday, September 13, and participate in one-on-one investor meetings. Interested parties are encouraged to contact their H.C. Wainwright salesperson for meeting availability. The
Second quarter 2022 net sales were $25.8 million, an increase of 17.5% (or 23.9% on a constant currency basis) versus the prior year period; first half 2022 net sales increased 7.8% (or 12.1% on a constant currency basis) versus the prior year period.Diversification revenue (all other product categories excluding SmartFresh™ for apples) grew 12.0% for the trailing twelve month period ended June 30, 2022 versus the twelve months ended June 30, 2021, and represented 44.1% of consolidated revenues during this period.Net loss of $18.4 million for the second quarter of 2022, as compared to net loss of $17.3 million for the second quarter of 2021. First half 2022 net loss of $21.5 million versus a
PHILADELPHIA, Aug. 03, 2022 (GLOBE NEWSWIRE) -- AgroFresh Solutions, Inc. (NASDAQ:AGFS) ("AgroFresh" or the "Company") today announced the launch of VitaFresh™ Botanicals Life Select, an organic plant-based coating to keep produce fresh longer and reduce food loss and waste. Developed from the carnauba tree palm leaf, the new VitaFresh Botanicals Life Select formulation has received organic certification from CAAE, a leading international certifier. AgroFresh is a global agtech innovator and the leader in the fresh produce post-harvest segment, providing a full range of freshness solutions and digital technologies that enhance the quality and extend the shelf life of fresh fruits and vege
PHILADELPHIA, Aug. 03, 2022 (GLOBE NEWSWIRE) -- AgroFresh Solutions, Inc. (NASDAQ:AGFS), a global AgTech innovator providing a range of solutions, digital technologies and services to enhance the quality and extend the shelf life of fresh produce, announced today that Clinton Lewis, Jr., Chief Executive Officer, and Graham Miao, Chief Financial Officer, will host a presentation and meet with investors at the Canaccord Genuity 42nd Annual Growth Conference on August 10-11, 2022. Interested parties are encouraged to contact their Canaccord Genuity salesperson for meeting availability. The Company will host a presentation on Wednesday, August 10, 2022 at 10:30 am ET. The presentation and rel
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According to Benzinga Pro data, during Q3, AgroFresh Solutions (NASDAQ:AGFS) posted sales of $47.76 million. Earnings were up 74.88%, but AgroFresh Solutions still reported an overall loss of $4.61 million. In Q2, AgroFresh Solutions brought in $25.75 million in sales but lost $18.37 million in earnings. What Is ROIC? Earnings data without context is not clear and can difficult to base trading decisions on. Return on Invested Capital (ROIC) helps to filter signal from noise by measuring yearly pre-tax profit relative to invested capital by a business. Generally, a higher ROIC suggests successful growth of a company and is a sign of higher earnings per share in the future. In Q3, AgroFresh S
AgroFresh Solutions Inc (NASDAQ:AGFS) has entered into a definitive merger agreement with investment funds affiliated with Paine Schwartz Partners. The funds will acquire the company's outstanding common stock for $3.00 per share in cash. The price represents a 7% premium over AgroFresh's last closing price of $2.79. Also, the price represents a 91% premium over AgroFresh's share price at the market close on October 26, 2022. On October 27, 2022, the company disclosed in a regulatory filing that a special committee of the board of directors agreed with Paine Schwartz Partners to pursue an acquisition transaction. Following the completion of the acquisition, AgroFresh will become a priv
AgroFresh Solutions, Inc. (NASDAQ:AGFS) ("AgroFresh" or the "Company") today confirmed that the Company entered into a definitive merger agreement with investment funds affiliated with Paine Schwartz Partners ("Paine Schwartz"), a global leader in sustainable food chain investing, pursuant to which such funds will acquire all of the outstanding common stock of the Company ("Common Stock") for $3.00 per share in cash. This represents a 91% premium over the Company's share price at market close on October 26, 2022, an 88% premium over the Company's unaffected 60-day volume-weighted average price ("VWAP") as of October 26, 2022, and a 33% premium over the Company's 52-week trading high prior to
AgroFresh Solutions, Inc. (NASDAQ:AGFS) ("AgroFresh" or the "Company"), the global leader in post-harvest freshness solutions, and Ceradis Crop Protection B.V., a global developer of environmentally friendly crop protection products, today announced they have entered into an exclusive license and distribution agreement to bring CeraFruta®, a new organic bio-solution that fights fungal decay, to the post-harvest space. The agreement between the two companies will launch in the U.S., leveraging AgroFresh's experience working with customers on innovative solutions that reduce food loss and promote sustainable agriculture. "AgroFresh is committed to bringing to market a full range of novel, nat
AgroFresh Solutions (NASDAQ:AGFS) reported quarterly losses of $(0.21) per share which missed the analyst consensus estimate of $(0.04) by 425 percent. This is a 110 percent decrease over losses of $(0.10) per share from the same period last year. The company reported quarterly sales of $47.76 million which missed the analyst consensus estimate of $53.73 million by 11.10 percent. This is a 2.88 percent decrease over sales of $49.18 million the same period last year.
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On Thursday, shares of AgroFresh Solutions, Inc. (NASDAQ:AGFS) experienced volatile short activity. After the activity, the stock price went up +71.34% to $2.69. The overall sentiment for AGFS has been Bullish. The signal from the volatility alert is trending Bearish. Therefore, the recommendation is to Increase Short Exposure. The volatility alert was produced on the prior trading date, 10/27/2022 with a volatility change of +236.59%. The current volatility indicator stands at 14.439. Overview: The securities lending volatility indicator is produced by Tidal Markets, in partnership with Benzinga Insights. Securities lending primarily serves the purpose of providing liquidity to short se
Gainers UserTesting, Inc. (NYSE:USER) shares jumped 91.7% to close at $7.40 after the company announced it will be acquired by Thoma Bravo and Sunstone Partners for $1.3 billion. The company also reported better-than-expected Q3 sales results. AgroFresh Solutions, Inc. (NASDAQ:AGFS) climbed 71.3% to close at $2.69 after the company announced its board of directors agreed with Paine Schwartz Partners to pursue acquisition of the company for $3 per share. HeartCore Enterprises, Inc. (NASDAQ:HTCR) shares jumped 57.3% to close at $1.51 on Thursday after the company announced it entered into a license agreement with Transcosmos Digital Technology for its Apromore process mining tool. Altra