secwatch.observer — SEC 8-K summary
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Issuer:     Edible Garden AG Inc (EDBL)
CIK:        0001809750
Form:       8-K
Filed at:   2024-08-14T23:59:59+00:00
Accession:  0001477932-24-004761
Event type: earnings
Sentiment:  positive
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Edible Garden Q2 2024 revenue $4.3M, gross margin 36.7% vs 13.1% YoY
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- Revenue $4.3M (+2.4% YoY); gross profit surged 157% to $1.6M; gross margin 36.7% vs 13.1%.
- Cut herbs sales +61% YoY; vitamins & supplements +30%; COGS down 26% from eliminating third-party growers.
- Net loss $1.9M ($1.21/share) vs $638K loss last year which included $1.2M IRS employee retention credit.
- Expanded distribution: Pulp sauces added to UNFI; Garden Starters launched in Midwest; now at all Brooklyn Fare NYC.
- SG&A $2.7M vs $2.4M, driven by one-time bonus and higher professional fees.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1809750/000147793224004761/0001477932-24-004761-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1809750/000147793224004761/edbl_8k.htm
  HTML page:      https://secwatch.observer/filing/0001477932-24-004761

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