Sadot Group Says Management & Board Reviewing Strategic Alternatives; Experienced Delays In Collecting Significant Receivables In Its Latam Division, Which Contributed To Negative Working Capital Position; Estimates Operating Losses Of About $14.3M In Three Months Ended Sept 30, 2025; Estimates Preliminary Unaudited Revenues For The Three Months Ended September 30, 2025, Of ~$0.3M
Benzinga Newsdesk 11 months ago
NewsGuidance
The Company estimates preliminary unaudited revenues for the three months ended September 30, 2025, of approximately $0.3 million, compared to $200.9 million in the three months ended September 30, 2024, as previously
The Company estimates preliminary unaudited revenues for the three months ended September 30, 2025, of approximately $0.3 million, compared to $200.9 million in the three months ended September 30, 2024, as previously reported. The decrease is primarily attributable to insufficient working capital.
The Company estimates operating losses of approximately $14.3 million in the three months ended September 30, 2025, compared to operating income of $2.5 million in the three months ended September 30, 2024, as previously reported.
The Company experienced delays in collecting significant receivables in its LATAM division, which contributed to a negative working capital position. Management is pursuing additional financing. Management and the Board are reviewing strategic alternatives.