Sadot Group Inc. (NASDAQ: SDOT)

Sadot Group Inc. is a global Agri Foods company engaged in farming, commodity trading and shipping of food and feed via dry bulk cargo ships, and it also serves as the franchisor of healthier fast casual restaurant concepts such as Pokémoto and Muscle Maker Grill.

Sadot Group Inc. generates revenue primarily from its Agri Foods operations through the sale of crops such as soy, corn and wheat, from trading commodities and from charging freight for shipping goods on its vessels, while its restaurant business contributes income from franchising fees and, prior to the sale of company owned locations, from direct restaurant sales.

The company operates through the following segments: Sadot Agri Foods and Sadot Food Services.

• Sadot Agri Foods: This segment focuses on farming approximately 5,000 acres of land in Zambia producing soy, corn, wheat, avocado and mango, trades commodities such as soybean meal, corn and wheat globally, and arranges shipping of these goods via dry bulk cargo ships to customers worldwide.

• Sadot Food Services: This segment operates as the franchisor of the Pokémoto and Muscle Maker Grill fast casual restaurant brands, collecting royalties and fees from franchisees, and previously operated company owned locations that have been sold or converted to franchise.

Sadot Agri Foods competes with large global agribusiness firms such as ADM, Bunge, Cargill and Louis Dreyfus as well as numerous regional traders, yet differentiates itself through an asset light, geographically diversified model that enables quick response to market opportunities. The Sadot Food Services franchising business faces competition from other fast casual chains but leverages its focus on healthier menu options to attract health conscious consumers.

Sadot Agri Foods sells its crops and commodities to food manufacturers, processors and distributors around the world, while Sadot Food Services serves health conscious consumers who visit its franchised Pokémoto and Muscle Maker Grill locations for meals.