Sadot Group Inc. (NASDAQ:SDOT) (the “Sadot Group” or the “Company”), an emerging player in the global food supply chain sector, today announced that it has achieved top line revenue of over $53 million for the month of July 2023. This announcement marks the ninth consecutive month in which top line revenue has exceeded $45 million and comes on the heels of the Company’s first ever profitable quarter.
“Since our pivot to the global agri-foods sector nine months ago, our Company has undergone substantial changes in all facets of our business, including operational verticals, business strategy and geographical areas of operations,” said Sadot Group CEO, Michael Roper. “July’s top line results underscores the continuing performance of this strategy. In August, we will be adding our first trades from our newly-formed subsidiary, Sadot Latam LLC.”
Earlier in July, the Company announced that it changed the Company name from Muscle Maker Inc. to the Sadot Group Inc., now trading under the symbol SDOT on Nasdaq.
The preliminary, unaudited financial results included in this press release are based on information available as of July 31, 2023, and management’s initial review of operations and financial results as of such date. They remain subject to change based on the completion of the Company’s customary quarterly financial closing and review procedures and are forward-looking statements. The Company assumes no obligation to update these statements, except as may be required by law. The actual results may be materially different and are affected by the risk factors and uncertainties identified in this press release and in the Company’s annual and quarterly filings with the Securities and Exchange Commission. Further, the Company’s independent auditor has not reviewed or performed any procedures on the preliminary, unaudited financial results.
