secwatch.observer — SEC 8-K summary
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Issuer:     Edible Garden AG Inc (EDBL)
CIK:        0001809750
Form:       8-K
Filed at:   2023-11-13T23:59:59+00:00
Accession:  0001477932-23-008252
Event type: earnings
Sentiment:  negative
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Edible Garden Q3 revenue up 19.4% to $3.3M but gross profit collapses to $12K; net loss widens
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- Revenue $3.3M (+19.4% YoY); herbs/produce/floral up 22.8%, vitamins/supplements down 0.8%.
- Gross profit $12K (0.4% of sales) vs. $182K (6.6%) YoY, due to Edible Garden Heartland ramp-up costs and retail shrink.
- Net loss $2.4M ($0.69/share) vs. $2.1M ($7.13/share) in prior-year quarter; operating expenses rose to $2.4M.
- Expanded retail distribution: Walmart (Northeast & East South Central), Woodman's Markets (WI/IL), Tops Markets (NY/PA/VT), Pulp sauce line now in Morton Williams (NY) and Dierbergs (St. Louis).
- Launched EG Direct partner-grown produce sourcing; received patent allowance for Self-Watering Display; new Vitamin Whey flavors at Meijer.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1809750/000147793223008252/0001477932-23-008252-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1809750/000147793223008252/edbl_8k.htm
  HTML page:      https://secwatch.observer/filing/0001477932-23-008252

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