Bullboard - Stock Discussion Forum Verde Agritech Ltd VNPKF

Primary Symbol: T.NPK

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Verde AgriTech Ltd is an agricultural technology company that produces potash fertilizers. The principal activity of the Company is the production and sale of a multi-nutrient potassium fertilizer marketed in Brazil under the brands K Forte and BAKS, Silicio Forte, and internationally as Super Greensand (the Product). K Forte is a potash fertilizer that is a source of potassium, silicon, and... see more

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Verde Agritech Ltd > Verde AgriTech Announces Q1 results!

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Post by sdhaka on May 22, 2024 3:15pm

Verde AgriTech Announces Q1 results!

Verde AgriTech Announces Q1 results!

FRC Analyst Opinion: Negative - Revenue was down 54% YoY, and 58% lower than our estimate, due to lower product sales (down 21% YoY), and prices (down 42% YoY). Sales were impacted by adverse climate conditions, negatively impacting fertilizer demand in Brazil.

EPS declined YoY from -$0.002 to -$0.09, missing our forecast of -$0.001. At the end of Q1, Verde had $9M in working capital deficit, and $20M in long-term debt.

Approximately $25M in debt is due for repayment in the next 12 months; we believe management has to either....

To continue reading, click here: https://www.researchfrc.com/content/analyst-ideas/post/88/our-analysts-predicted-this-epic-climb

*issuer paid coverage.

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