secwatch.observer — SEC 8-K summary
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Issuer:     Arcadia Biosciences, Inc. (RKDA)
CIK:        0001469443
Form:       8-K
Filed at:   2024-08-13T23:59:59+00:00
Accession:  0000950170-24-096215
Event type: earnings
Sentiment:  positive
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Arcadia Q2 2024 net income $1.1M; sells wheat IP to Corteva for $4M
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- Q2 revenue $1.306M (flat YoY); net income $1.061M ($0.78/diluted share) vs $823K ($0.61) in Q2 2023.
- Sold Resistant Starch durum trait to Corteva for $4M cash; GoodWheat brand sold to Above Food for $4M over 3 years.
- Zola coconut water sales up 42% YoY; new pineapple and lime flavors shipping in Q2.
- Net loss H1 2024 $1.362M ($1.00/share) improved from $8.561M ($7.70) H1 2023, helped by Corteva gain.
- CEO Stan Jacot departed; Thomas J. Schaefer (former CFO) appointed president and CEO.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1469443/000095017024096215/0000950170-24-096215-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1469443/000095017024096215/rkda-20240813.htm
  HTML page:      https://secwatch.observer/filing/0000950170-24-096215

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer