AgroFresh Solutions, Inc. is an agricultural company that provides technologies that preserve the quality 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, uses technology to regulate the post-harvest ripening effects of ethylene, the naturally occurring plant hormone that triggers ripening in certain fruits and vegetables. The active ingredient in this technology blocks the effects of ethylene. SmartFresh is naturally biodegradable and leaves no detectable residue, which has significant consumer appeal. SmartFresh preserves the texture, firmness, taste, and appearance of produce during storage, transportation, and retail display. It allows growers and packers to deliver “just harvested” freshness on a year-round basis and retailers to increase customer satisfaction with fresh, high quality produce.

Type
Public
HQ
Philadelphia, US
Founded
2013
Size (employees)
191 (est)
AgroFresh was founded in 2013 and is headquartered in Philadelphia, US
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AgroFresh Office Locations

AgroFresh has an office in Philadelphia
Philadelphia, US (HQ)
100 S Independence Mall W
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AgroFresh Financials and Metrics

AgroFresh Financials

AgroFresh's revenue was reported to be $164.03 m in FY, 2017
USD

Revenue (Q1, 2018)

38.4 m

Gross profit (Q1, 2018)

27.5 m

Gross profit margin (Q1, 2018), %

71.7%

EBIT (Q1, 2018)

(3 m)

Market capitalization (15-Jun-2018)

378.7 m

Closing share price (15-Jun-2018)

7.5

Cash (31-Mar-2018)

57 m

EV

731.7 m
AgroFresh's current market capitalization is $378.7 m.
Annual
USDFY, 2017

Revenue

164 m

Cost of goods sold

32.7 m

Gross profit

131.4 m

Gross profit Margin, %

80%
Quarterly
USDQ3, 2015Q1, 2017Q2, 2017Q1, 2018

Revenue

59.7 m32.7 m16.4 m38.4 m

Cost of goods sold

45.7 m5.8 m3.9 m10.8 m

Gross profit

13.9 m26.9 m12.5 m27.5 m

Gross profit Margin, %

23%82%76%72%
Annual
USDFY, 2016FY, 2017

Cash

77.3 m64.5 m

Accounts Receivable

352 m

Inventories

15.5 m24.1 m

Current Assets

170.5 m178.8 m
Quarterly
USDQ3, 2015Q1, 2016Q3, 2016Q1, 2017Q2, 2017Q1, 2018

Cash

28.8 m65 m44.7 m84.9 m78.6 m57 m

Inventories

89.8 m23.8 m17.2 m16.2 m18.2 m20.6 m

Current Assets

207.3 m161.6 m168.2 m169.8 m140.9 m165.2 m

PP&E

4.5 m5.8 m9.7 m7.7 m8.2 m13.7 m
Annual
USDFY, 2017

Net Income

23.6 m

Depreciation and Amortization

44.4 m

Inventories

(2.5 m)

Accounts Payable

(13.9 m)
Quarterly
USDQ3, 2015Q1, 2016Q3, 2016Q1, 2017Q2, 2017Q1, 2018

Net Income

(14 m)(12 m)(9.4 m)(12.9 m)

Depreciation and Amortization

6.9 m11 m22 m11.3 m

Inventories

580 k23.8 m17.2 m(637 k)(2.8 m)3.5 m

Accounts Payable

10.2 m18.2 m12.1 m(5 m)(19.9 m)(7.9 m)
USDY, 2018

EV/EBIT

-247.9 x

EV/CFO

214.1 x

Financial Leverage

2.3 x
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AgroFresh Online and Social Media Presence

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