Edible Garden reports 10% revenue growth in FY 2022; net loss widens to $12.5M

Edible Garden AG Inc

FY 2022 revenue $11.6M (+9.9% YoY); net loss $12.5M (($48.68)/share) vs $5.5M loss prior year.
Q4 2022 revenue $3.1M (+9.9% YoY); net loss $3.0M (($9.13)/share) vs $2.0M loss.
Acquired Pulp® all-natural sauce line; expected at Whole Foods Mid-Atlantic/Southeast summer 2023.
Management projects cash flow positive later in 2023; Heartland Midwest facility to improve margins.
Research partnership with NJIT, USDA, EPA on nanobubble technology for controlled environment agriculture.

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Edible Garden AG Inc reported the year ended December 31, 2022 results: revenue $11.6 million, net income Net loss was $12.5 million, EPS ($48.68) per share.

Period: the year ended December 31, 2022
Revenue: $11.6 million
Net income: Net loss was $12.5 million
EPS: ($48.68) per share
Result: reported results

Exact text from the filing

For the year ended December 31, 2022, revenue totaled $11.6 million, an increase of 9.9%, compared to $10.5 million for the year ended December 31, 2021.

View on SEC.gov

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Edible Garden AG Inc reported the three months ended December 31, 2022 results: revenue $3.1 million, net income Net loss was $3.0 million, EPS ($9.13) per share.

Period: the three months ended December 31, 2022
Revenue: $3.1 million
Net income: Net loss was $3.0 million
EPS: ($9.13) per share
Result: reported results

Exact text from the filing

For the fourth quarter ended December 31, 2022, revenue totaled $3.1 million, an increase of 9.9%, compared to $2.8 million for the three months ended December 31, 2021.

View on SEC.gov

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Edible Garden AG Inc filing history →

Source: SEC EDGAR

accession 0001477932-23-001656

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