By Thomas Kerr, CFA For the 2023 fiscal year ending December 31, 2023, total revenues increased to $726.7 million compared to $161.7 million in 2022. 2023 was the first full year of operations for the new commodity related segment, Sadot Agri-Foods. Commodity related revenues were $717.5 million and restaurant sales were $8.1 million. Consolidated gross profit was $9.9 million in 2023 compared to $4.4 million for the prior year period. Net income in the commodity segment for the year was $9.2 million and in the restaurant segment, there was a net loss of ($2.7) million. Restaurant net earnings were significantly affected by impairment charges totaling $1.6 million. Non-GAAP adjusted EBITDA from operations was $0.1 million in 2023 compared to a ($2.0) million loss in 2022. Operating cash flow was a use of cash of ($13.1) million as the company invested heavily in its Sadot Agri-Foods subsidiary by using its own balance sheet to facilitate trading activity. Cash at year end was $1.3 million and net working capital improved to $8.3 million. Total assets increased to $178.1 million compared to $27.2 million in 2022. Total company debt was $7.1 million of which $3.6 million was convertible debt under the SEPA agreement. Sadot Group (NASDAQ: SDOT) recently decided to explore strategic alternatives for its restaurant operations in order to focus solely on its commodity related businesses. The company has engaged Lisiten Associates in New York who are specialists in the sale of restaurant concepts. The company is unable to provide a timeline on when, or if, a transaction will occur. Since the acquisition of Pokemoto in 2021, the company has increased the ...