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 $67.8 million for the month of August 2023. This announcement marks the tenth consecutive month in which top line revenue has exceeded $45 million and comes on the heels of the Company’s first-ever profitable quarter (Q2 2023).
“With the Company’s strategic pivot into the global agri-foods supply chain sector ten months ago, we have been laser-focused on executing against our growth strategies across all facets of our business, including operational verticals and geographical areas of operations,” said Sadot Group CEO, Michael Roper. “It is important to note that August’s top line results includes our first trades in the Americas from our newly-formed subsidiary, Sadot Latam LLC.”
The preliminary, unaudited financial results included in this press release are based on information available as of August 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.
