Agrify (US:AGFY) Benzinga·2025-11-12 05:15Core Insights - RYTHM Inc. shares experienced a significant surge of 23.3% in after-hours trading, closing at $30, following a 21.52% decline during regular trading, where it closed at $24.33 [1] Financial Performance - The company reported third-quarter revenue from continuing operations of $4 million, representing a 98% increase from $2 million in the previous quarter [2] - RYTHM ended the quarter with $35.6 million in cash, despite an operating loss of $8.9 million from continuing operations [2] Retail Expansion - RYTHM's flagship product, Señorita THC Margaritas, has launched in over 1,000 Circle K convenience stores nationwide, marking the largest rollout for a hemp-derived THC beverage in U.S. convenience stores [3] - The brand also debuted in select Minnesota Target stores as part of a pilot program for THC beverages [3] Strategic Developments - On August 27, the company acquired intellectual property for notable brands including RYTHM, Dogwalkers, Beboe, and incredibles [4] - The company rebranded from Agrify Corporation to RYTHM Inc. on September 2 [4] Market Position and Outlook - The CEO noted a growing trend among adult consumers, particularly younger generations, who are increasingly opting for THC beverages as an alternative to alcohol [5] - The company is positioned to benefit from the rising mainstream acceptance of THC through both licensing and direct revenue streams [5] Stock Performance - RYTHM's stock has declined by 46.54% over the past month, with a market capitalization of $48.72 million [6] - The stock has a 52-week range of $5.02 to $84.44, indicating significant volatility [6]