AgroFresh Solutions,Inc. (NASDAQ:AGFS) Files An 8-K Results of Operations and Financial ConditionItem 2.02. Results of Operations and Financial Condition.
On August9, 2017, AgroFresh Solutions, Inc. (the “Company”) issued a press release announcing, among other things, financial results for the quarter and six months ended June30, 2017 (the “Earnings Release”). A copy of the Earnings Release is furnished herewith as Exhibit 99.1 and is incorporated herein by reference.
The information contained in this Item 2.02 and in the Earnings Release shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), or otherwise subject to the liabilities of that Section, or incorporated by reference in any filing under the Exchange Act or the Securities Act of 1933, as amended, except as shall be expressly set forth by specific reference in such filing.
Item 9.01 Exhibits
(d)Exhibits.
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Exhibit Number |
Exhibit |
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99.1 |
Press Release issued by the Company on August9, 2017. |
AgroFresh Solutions, Inc. ExhibitEX-99.1 2 agfs063017exhibit991.htm EXHIBIT 99.1 Exhibit AgroFresh Solutions Reports Results for Second Quarter and First Half of 2017 Year-to-Date Revenues Increased 5.0 Percent; Cash from Operations up 100 Percent•Net sales for first half of 2017 up 5.0 percent to $49 million •Net income of $3 million for the second quarter and net loss of $9 million for the first half of 2017 compared to a net loss of $25 million for the second quarter and $50 million for the first half of 2016 •Second quarter EBITDA[1] of $5 million compared to a negative $4 million in the year earlier period,…To view the full exhibit click here
About AgroFresh Solutions,Inc. (NASDAQ:AGFS)
AgroFresh Solutions, Inc., formerly Boulevard Acquisition Corp., is a developer of agricultural technologies that preserve the freshness and value of fresh produce, including apples, pears, kiwifruit, avocados and bananas, as well as flowers. The Company’s principal product, The SmartFresh Quality System (SmartFresh), regulates the post-harvest ripening effects of ethylene, the naturally occurring plant hormone that triggers ripening in certain fruits and vegetables, through technology. SmartFresh is naturally biodegradable and leaves no detectable residue, which has significant consumer appeal. SmartFresh allows growers and packers to deliver just harvested freshness on a year-round basis. An integral part of the SmartFresh sales process is the AgroFresh Whole Product offering, which is a direct service model that provides customers with on-site applications of SmartFresh at their storage facilities combined with advisory services. The Company operates in approximately 40 countries.