---
schema_version: "secwatch.filing_event.v1"
accession: "0001477932-23-003405"
form_type: "8-K"
ticker: "EDBL"
cik: "0001809750"
company_name: "Edible Garden AG Inc"
filed_at: "2023-05-15T23:59:59+00:00"
generated_at: "2026-06-15T01:26:41.029739+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Edible Garden Q1 net loss $2.9M; revenue drops to $2.5M but gross profit improves; projects >20% revenue growth in 2023

## Summary
- Revenue of $2.5M (down 7% YoY from $2.7M) due to order timing and strategic shift to higher-margin partnerships.
- Net loss $2.9M ($2.21 loss per share) vs prior year loss of $2.6M ($15.40 loss); EPS improved on higher share count.
- Gross profit improved as COGS fell to $2.5M from $2.8M; new Heartland facility expected to boost margins via vertical integration.
- Record revenue in April; company projects FY2023 revenue growth >20% and expects to reach quarterly positive cash flow before year-end.
- Added Morton Williams supermarkets; expanded Gristedes/D'Agostino; Pulp sauces to launch at Whole Foods Mid-Atlantic and SE in summer 2023.

## SEC filing metadata
- accession: 0001477932-23-003405
- form_type: 8-K
- ticker: EDBL
- cik: 0001809750
- company_name: Edible Garden AG Inc
- filed_at: 2023-05-15T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1809750/000147793223003405/0001477932-23-003405-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1809750/000147793223003405/edbl_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001477932-23-003405
- JSON: https://secwatch.observer/filing/0001477932-23-003405.json
- Plain text: https://secwatch.observer/filing/0001477932-23-003405.txt

## Key facts
- Earnings Releases
  Edible Garden AG Inc reported the three months ended March 31, 2023 results: revenue $2.5 million, net income $2.9 million, or ($2.21) per share, EPS ($2.21) per share.
  - Period: the three months ended March 31, 2023
  - Revenue: $2.5 million
  - Net income: $2.9 million, or ($2.21) per share
  - EPS: ($2.21) per share
  - Result: reported results
  source text: or strengthen, distribution relationships with the Company.” Financial results for the three months ended March 31, 2023 For the quarter ended March 31, 2023, revenue totaled $2.5 million, compared to $2.7 million for the three months ended March 31, 2022. Cost of goods sold was $2.5 million for the three months ended March 31, 2023, compared to $2.8 million for
  evidence_url: https://www.sec.gov/Archives/edgar/data/1809750/000147793223003405/0001477932-23-003405-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.