# Verde Announces Q4 and FY 2023 Results - Verde AgriTech

> Verde AgriTech reported FY 2023 revenue of C$37.9 million, down 53% year on year, with a net loss of C$6.0 million. The drop reflected a 54% fall in average potash prices and a 32% decline in sales.

- Date: 2024-03-28 · published 2024-03-28T12:00:00.000Z
- Category: report · region Brazil · magnitude low
- Page: https://feedsoft.ai/events/31549-verde-announces-q4-and-fy-2023-results-verde-agritech
- Commodities: [Potash (KCl)](https://feedsoft.ai/c/POTASH.md)

## Why it matters

The results show weak fertilizer demand and lower potash prices hurting producers' revenues. The company's struggles mainly reflect company-specific conditions rather than a shift in the wider market.

## Sources

- investor.verde.ag: https://investor.verde.ag/verde-announces-q4-and-fy-2023-results/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.