Sadot Group Stock Price, News & Analysis

Sadot Group Inc. (Nasdaq: SDOT) has appointed Mark McKinney as Chairman of the Board, effective March 6, 2025, succeeding Kevin Mohan who will remain as Director. McKinney, who joined Sadot's Board in June 2023, brings over 30 years of executive experience across multiple industries.

McKinney's extensive background includes leadership roles at major agri-business and food supply chain companies such as Dole Packaged Goods, Sunkist Growers, Al Ghurair Foods, and Local Bounti. His appointment follows recent executive changes, including Catia Jorge as CEO and Claudio Torres joining the Board, as part of Sadot's transformation into an emerging player in the global Agri-food supply chain.

The new Chairman, age 62, holds an MBA in International Business/Corporate Finance from Claremont Graduate University and a BS in Chemical Engineering from California Polytechnic University. His career spans across six countries and three continents, with roles including CEO, COO, and President positions.

Sadot Group (Nasdaq: SDOT), a company operating in the global food supply chain sector, has scheduled its Fourth Quarter and Full Year 2024 financial results announcement. The company will file its Q4 and FY 2024 results for the period ending December 31, 2024, on Tuesday, March 11, 2025, after market close.

Following the SEC filing, Sadot will host a conference call with its management team on Wednesday, March 12, 2025, at 11:00 AM Eastern Standard Time (8:00 AM PST). Interested parties can register for the webcast through the provided link: https://www.webcaster4.com/Webcast/Page/3084/52157.

Sadot Group Inc. (Nasdaq: SDOT) has appointed Claudio Torres to its Board of Directors, effective February 20, 2025. Torres brings over 25 years of experience in the global agriculture industry, with significant leadership roles at major companies. His background includes serving as Managing Director of Syngenta Seeds (2017-2020), Global CEO of Advanta Seeds (2013-2016), and various leadership positions at Monsanto, including President of Asia Pacific (2010-2013).

CEO Catia Jorge emphasized Torres' proven track record in scaling multinational enterprises and his potential role in executing the company's growth strategy. Torres holds multiple advanced degrees, including a Master of Applied Finances, an MBA from Tulane University, and a B.Sc. in Agricultural Engineering.

Sadot Group Inc. (NASDAQ:SDOT) has appointed Ms. Catia Jorge as its new Chief Executive Officer, effective immediately. Jorge brings nearly 30 years of experience in agricultural markets and commodity trading, most recently serving as Brazil Country Head and VP/Grains Business Head Latin America at Olam Agri, where she managed a $1.0 billion annual revenue portfolio.

Jorge succeeds Michael Roper, who will transition to Chief Governance & Compliance Officer, overseeing regulatory and capital market requirements while leading the company's initiative to divest remaining restaurant operations. The new CEO holds a Masters in Agri-Business from Kansas State University and an MBA in Global Trade from the University of Dallas.

In her previous role at Cargill Agricola South America, Jorge managed over 7 million metric tons of grain exports annually. Her appointment comes as Sadot Group focuses on expanding its platform globally, with emphasis on executing a multi-pronged growth strategy to drive revenue and profitability increases.

Sadot Group Inc. (Nasdaq: SDOT) has announced its strategic expansion into the North American pet food ingredients supply business. The company, which operates in the global food supply chain sector, aims to capitalize on the growing demand for premium pet food ingredients in the region.

CEO Michael Roper highlighted the company's plan to leverage its expertise in ingredient sourcing and supply chain management to serve the expanding pet food market, where consumers are increasingly focused on quality and nutritional value. Sadot is currently establishing a network of logistical partners, suppliers, and customers to provide ingredients for both dry and wet pet food formulations.

Sadot Group Inc. (NASDAQ:SDOT) has secured a $3.0 million capital raise through a 12-month convertible note. The note is convertible to common stock at a fixed price of $4.10 per share, with no warrant coverage. The company plans to utilize the funds for general business expenses and growth initiatives, including expansions into Canada and Brazil, and potential farming operations in Indonesia. RBW Capital Partners , through Dominari Securities , acted as the exclusive placement agent.

Sadot Group reported strong Q3 2024 financial results with consolidated revenues of $201.7 million, up 10.7% year-over-year. The company achieved net income of $1.2 million, a significant improvement from a $5.2 million loss in the prior year. EBITDA improved to $2.9 million from negative $4.4 million. Year-to-date revenues were $484.7 million with net income of $3.3 million.

Operationally, Sadot completed 24 transactions of over 0.5 million metric tons of agri-commodities across 14 countries, initiated trades from Brasil and Canada operations, and transitioned to a 100% franchise concept. The company also completed the sale of SuperFit foods and is in negotiations for an agricultural farming property in Indonesia.

Sadot Group (NASDAQ:SDOT) has announced the complete retirement of its debt with Yorkville Advisors according to agreed terms. This achievement represents a significant milestone in strengthening the company's financial foundation as it expands in the global agri-commodity sector. The company will release its Q3 2024 results on November 12, 2024, followed by a conference call with management on November 13, 2024, at 10:30 AM EST.

Sadot Group (Nasdaq:SDOT), a global food supply chain company, has announced its upcoming third quarter 2024 financial results schedule. The company will file its Q3 results for the period ending September 30, 2024, on Tuesday, November 12, 2024. Following the SEC filing, Sadot will host a conference call on Wednesday, November 13, 2024, at 10:30 AM EST to discuss the results with management. The webcast will be accessible through a registration link, and participants are advised to enable video and audio access to their devices.