secwatch.observer — SEC 8-K summary
======================================

Issuer:     Edible Garden AG Inc (EDBL)
CIK:        0001809750
Form:       8-K
Filed at:   2024-04-01T23:59:59+00:00
Accession:  0001477932-24-001637
Event type: earnings
Sentiment:  positive
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1809750/000147793224001637/0001477932-24-001637-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1809750/000147793224001637/edbl_8k.htm
  HTML page:      https://secwatch.observer/filing/0001477932-24-001637

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