Edible Garden Q1 revenue up 22.9% to $3.3M; net loss widens to $3.7M but per-share loss improves

Edible Garden AG Inc

Revenue of $3.3M (+22.9% YoY) driven by cut herb sales (+46%), vitamins (+27%), condiments (+51%), and international (+50%).
Net loss of $3.7M vs $3.3M YoY; net loss per share improved to $(5.25) from $(24.74).
Operating expenses rose to $10.0M (+77.5% YoY) due to higher COGS and $2.5M accelerated depreciation from RTD pivot.
Company expands into RTD nutrition platform with Tetra Pak integration; retail network now over 6,000 locations including Target and Safeway.
Recorded $3.4M income tax benefit from sale of NJ state tax benefits under Technology Business Tax Certificate Transfer Program.

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