secwatch.observer — SEC 8-K summary
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Issuer:     Edible Garden AG Inc (EDBL)
CIK:        0001809750
Form:       8-K
Filed at:   2024-05-15T23:59:59+00:00
Accession:  0001477932-24-002894
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1809750/000147793224002894/0001477932-24-002894-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1809750/000147793224002894/edbl_8k.htm
  HTML page:      https://secwatch.observer/filing/0001477932-24-002894

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