Edible Garden reports FY2023 revenue up 21.6% to $14.0M; net loss improves to $10.2M

Edible Garden AG Inc

2025-Q1 EPS reported -$341.14 vs consensus -$30.91 ▼ miss (-1003.8%)

Full-year revenue $14.0M vs $11.6M in 2022; Q4 revenue $4.1M, up 32.8% YoY.
Gross profit up 125.8% to $822K; gross margin improved 270 bps to 5.85%.
Net loss for FY2023 $10.2M ($3.08 per share) vs $12.5M ($48.68 per share) prior year.
Awarded two patents in 2024: GreenThumb greenhouse management and Self-Watering Display.
Retail expansions: Tops Friendly Markets, Uncle Giuseppe's, 3-year agreement with major US retailer, Meijer for Vitamin Whey.

item 2.02 item 9.01

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, 2023 results: revenue $4.1 million.

Period: the year ended December 31, 2023
Revenue: $4.1 million
Result: reported results

Exact text from the filing

position as a leader in agricultural technology. ” Financial results for the three months ended December 31, 2023 For the fourth quarter ended December 31, 2023, revenue totaled $4.1 million, an increase of 32.8%, compared to $3.1 million for the three months ended December 31, 2022. The increase was driven by higher demand from the existing customer base, the

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Source: SEC EDGAR

accession 0001477932-24-001637

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