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March 2023
March 2023
March 2023
January 2023
November 2022
November 2022
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October 2022
August 2022
August 2022
Cover - USD ($) $ in Millions | 12 Months Ended | ||
---|---|---|---|
Dec. 31, 2022 | Mar. 01, 2023 | Jun. 30, 2022 | |
Cover [Abstract] | |||
Document Type | 10-K | ||
Document Annual Report | true | ||
Document Period End Date | Dec. 31, 2022 | ||
Current Fiscal Year End Date | --12-31 | ||
Document Transition Report | false | ||
Entity File Number | 001-36316 | ||
Entity Registrant Name | AgroFresh Solutions, Inc. | ||
Entity Incorporation, State or Country Code | DE | ||
Entity Tax Identification Number | 46-4007249 | ||
Entity Address, Address Line One | One Washington Square | ||
Entity Address, Address Line Two | 510-530 Walnut Street | ||
Entity Address, Address Line Three | Suite 1350 | ||
Entity Address, City or Town | Philadelphia | ||
Entity Address, State or Province | PA | ||
Entity Address, Postal Zip Code | 19106 | ||
City Area Code | 267 | ||
Local Phone Number | 317-9139 | ||
Title of 12(b) Security | Common Stock, par value $0.0001 per share | ||
Trading Symbol | AGFS | ||
Security Exchange Name | NASDAQ | ||
Entity Well-known Seasoned Issuer | No | ||
Entity Voluntary Filers | No | ||
Entity Current Reporting Status | Yes | ||
Entity Interactive Data Current | Yes | ||
Entity Filer Category | Non-accelerated Filer | ||
Entity Small Business | true | ||
Entity Emerging Growth Company | false | ||
ICFR Auditor Attestation Flag | false | ||
Entity Shell Company | false | ||
Entity Public Float | $ 38.7 | ||
Entity Common Stock, Shares Outstanding | 53,717,574 | ||
Documents Incorporated by Reference | DOCUMENTS INCORPORATED BY REFERENCE Portions of the registrant’s definitive proxy statement for its 2023 annual meeting of shareholders are incorporated by reference into Part III of this Annual Report on Form 10-K, provided that if such proxy statement is not filed with the U.S. Securities and Exchange Commission within 120 days after the end of the fiscal year covered by this Annual Report on Form 10-K, an amendment to this Annual Report on Form 10-K will be filed no later than the end of such 120-day period. | ||
Document Fiscal Year Focus | 2022 | ||
Document Fiscal Period Focus | FY | ||
Amendment Flag | false | ||
Entity Central Index Key | 0001592016 |
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Compare this 10-K Annual Report to its predecessor by reading our highlights to see what text and tables were removed , added and changed by Agrofresh Solutions, Inc..
Agrofresh Solutions, Inc.'s Definitive Proxy Statement (Form DEF 14A) filed after their 2023 10-K Annual Report includes:
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An accounting policy is deemed to be critical if it requires an accounting estimate to be made based on assumptions about matters that are highly uncertain at the time the estimate is made, and if different estimates that reasonably could have been used, or changes in the accounting estimates that are reasonably likely to occur periodically, could materially impact the financial statements.
The decrease was due to decreased incentive compensation and a continued focus on cost control initiatives, offset by litigation reserve expense of $2.6 million.
The Series B Preferred Stock ranks senior to the shares of the Company's common stock with respect to dividend rights and rights on the distribution of assets on any voluntary or involuntary liquidation, dissolution or winding up of the affairs of the Company.
If our ongoing revenue projections are not met or if market factors utilized in the impairment tests deteriorate, including an unfavorable change in the terminal growth rate or the weighted-average cost of capital, we may have to record impairment charges in future periods.
Non-GAAP Measures The following table sets forth the non-GAAP financial measures of EBITDA and Adjusted EBITDA.
Holders of the Series B...Read more
The Company's indefinite-lived trade name...Read more
These non-GAAP financial measures are...Read more
Accordingly, effective as of the...Read more
The decrease in net sales...Read more
The lower gross margin reflects...Read more
The accelerated amortization expense is...Read more
The decrease in research and...Read more
If any factors that could...Read more
In addition, the Company incurred...Read more
Readers of this MD&A should...Read more
Integrated Direct Service Model AgroFresh...Read more
A reconciliation of EBITDA and...Read more
The following is a reconciliation...Read more
Other intangible assets We conduct...Read more
The outbreak could have a...Read more
To determine revenue recognition for...Read more
Finite-lived intangible assets, such as...Read more
Cash used in investing activities...Read more
Cash used in investing activities...Read more
Foreign Currency Exchange Rates With...Read more
Excluding this impact, revenue increased...Read more
Our significant accounting policies, which...Read more
Management believes the quality and...Read more
Such qualitative factors may include...Read more
Selling, General and Administrative Expenses...Read more
Dividends on the Series B...Read more
Harvista extends the Company's proprietary...Read more
While we are following the...Read more
The assumptions used in calculating...Read more
The Company accounts for revenue...Read more
Fluctuations in foreign exchange rates,...Read more
Financial Statements, Disclosures and Schedules
Inside this 10-K Annual Report
Material Contracts, Statements, Certifications & more
Agrofresh Solutions, Inc. provided additional information to their SEC Filing as exhibits
Ticker: AGFS
CIK: 1592016
Form Type: 10-K Annual Report
Accession Number: 0001592016-23-000006
Submitted to the SEC: Fri Mar 10 2023 11:47:16 AM EST
Accepted by the SEC: Fri Mar 10 2023
Period: Saturday, December 31, 2022
Industry: Blank Checks