The following is a summary of the Sadot Group, Inc. (SDOT) Q1 2024 Earnings Call Transcript:

Financial Performance:

• Sadot Group reported a Q1 net loss of $265,000, marking an improvement from $1.1 million net loss in Q1 2023.

• Q1 2024 revenues were $108 million, and EBITDA showed a gain of $458,000, contrasting the EBITDA loss of $433,000 in Q1 2023.

• The company ended Q1 with a cash balance of $1.2 million and a working capital surplus of $13.2 million.

• Total assets climbed to $150.5 million in Q1 2024, up from $62.6 million in the same period in 2023.

Business Progress:

• Sadot Group plans to sell its Food Services segment in Q2 and expand the role of Fausto Plaza in global trading and farm operations.

• The company has expanded into Brazil with a new trading office, generating revenue from late Q2.

• New terms have been agreed with various institutions, providing $27 million in trade financing for Agri-Foods operations.

• Transitioning to smaller, more lucrative trades and broadening their commodity reach into Latin America, they plan to invest upcoming capital from non-agri division sales into expanding operations and potential acquisitions.

More details: Sadot IR

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