Farmmi Inc Stock Price, News & Analysis

Farmmi, Inc. (NASDAQ: FAMI), an agricultural products supplier based in China, announced on April 13, 2023, that it has received a 180-day extension from NASDAQ to meet the minimum bid price requirement. The new deadline is October 9, 2023, by which the closing bid price of FAMI shares must reach at least $1.00 for ten consecutive business days. This extension comes as part of the company’s effort to regain compliance and avoid potential delisting. Farmmi, established in 1998, specializes in the supply, processing, and retail of edible mushrooms and other agricultural products, operating both online and offline.

Farmmi, Inc. (NASDAQ: FAMI), a leading supplier of agricultural products in China, announced a new high-volume order for dried mushroom slices from a long-term customer in Southampton, England. This order follows previous successful deliveries, reinforcing Farmmi's position in the mushroom market.

CEO Yefang Zhang emphasized the importance of repeat orders, showcasing the company's capability to handle significant domestic and international demand. Established in 1998, Farmmi specializes in various edible mushrooms and sells both online and offline. The company's performance may be influenced by market risks, including changes in customer demand and economic conditions.

Farmmi, Inc. (NASDAQ: FAMI) announced a significant follow-on order from a long-term customer, increasing shipments of its dried Shiitake mushrooms to Lebanon. This move aligns with the growing demand for mushrooms in Lebanese cuisine, positioning Farmmi to capitalize on a strategic market. Chairwoman and CEO Yefang Zhang emphasized Lebanon's potential as a culinary hub connecting Europe, the Middle East, and Africa. Established in 1998, Farmmi supplies various agricultural products, focusing on sustainable growth and market expansion.

Farmmi, Inc. (NASDAQ: FAMI), an agricultural products supplier based in China, announced a significant follow-on order from a long-term customer for its dried Shiitake mushrooms to Lebanon. This order underscores the effectiveness of Farmmi's strategy in fostering customer loyalty and ensuring a consistent revenue stream. Chairwoman and CEO Yefang Zhang emphasized the benefits of robust customer relationships that drive sales growth and enhance shareholder value. Established in 1998, Farmmi specializes in edible mushrooms and agricultural products, and continues to focus on global brand expansion.

Farmmi, Inc. (NASDAQ: FAMI), an agricultural supplier in China, announced its subsidiary, Zhejiang Farmmi Holding Group Co. LTD, has joined the Lishui Enterprise Listing and Merger Promotion Association. This selective membership allows Farmmi to influence policy and business development in Lishui's agriculture sector. Chairwoman Yefang Zhang highlighted the benefits, including networking, resource access, and advocacy for business-friendly policies. The association aims to enhance business growth opportunities through events and collaborations. This strategic involvement is expected to enhance Farmmi's market presence and contribute positively to the local agriculture environment.

Farmmi, Inc. (NASDAQ: FAMI), an agricultural products supplier based in China, announced its participation in the 44th Food and Beverage Exhibition (FoodEx Japan) from March 7-10, 2023, at Tokyo's booth 6E202. The exhibition is among the world's top food events, attracting nearly 1,500 companies from 44 nations in 2022. Farmmi, participating since 2005, aims to enhance global business relationships and explore market opportunities. Chairwoman and CEO Yefang Zhang emphasized the importance of the event for growers and buyers, as well as Farmmi's commitment to profitable growth and superior customer service.

Farmmi (NASDAQ: FAMI) reported a significant 152.5% increase in revenue for the fiscal year ending September 30, 2022, reaching $99.2 million from $39.3 million in 2021. Notably, 59% of this revenue came from new growth segments. Despite challenges from COVID-19, the company aims to leverage its competitive advantages to drive future growth. However, gross profit increased only by 6.4% to $5.4 million, and net income decreased to $2.2 million. As of September 30, 2022, total assets were valued at $163.8 million.

Farmmi, Inc. (NASDAQ: FAMI), an agricultural products supplier, announced a high-volume order for dried Shiitake mushrooms being shipped to Chile, marking a significant opportunity in a growing market. Chairwoman and CEO Yefang Zhang emphasized this order's role in supporting customer growth and leveraging local sales networks. The company remains focused on maintaining reasonable operating expenses while expanding its market presence. Established in 1998, Farmmi continues to be a key player in the edible mushroom market.

Farmmi, Inc. (NASDAQ: FAMI), an agricultural products supplier from China, has announced a repeat high-volume order to export dried Shiitake mushrooms and black fungus to Jordan. This order underscores the company's growing demand and reflects successful investments in sales and marketing, as stated by Chairwoman and CEO Yefang Zhang. Farmmi aims to meet increasing consumer demand for high-quality agricultural products that link health and quality of life.