Edible Garden Q1 revenue up 27.6% to $3.1M; secures $18-20M retailer contract

Edible Garden AG Inc

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

Q1 2024 revenue $3.1M (+27.6% YoY); net loss $4.0M ($13.65 EPS) vs $2.9M loss a year ago.
Gross profit up 195.8%; gross margin +171 bps; 95% of fresh product now produced in-house.
Secured 3-year contract with major US food retailer, expected to generate $18-20M revenue.
Expanded Pulp sauce distribution via KeHE and UNFI; product development deal with Hermann Pickle.
Launched Garden Starters at Meijer; CEO expects margin improvement in coming quarters.

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 three months ended March 31, 2024 results: revenue $3.1 million, net income $4.0 million, or ($13.65) per share.

Period: three months ended March 31, 2024
Revenue: $3.1 million
Net income: $4.0 million, or ($13.65) per share
Result: reported results

Exact text from the filing

to create a contemporary line of fermented product offerings.” Financial results for the three months ended March 31, 2024 For the quarter ended March 31, 2024, revenue totaled $3.1 million, an increase of 27.6%, compared to $2.5 million for the three months ended March 31, 2023. The increase was attributable to an increase in customer demand for our cut herbs and

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Source: SEC EDGAR

accession 0001477932-24-002894

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