earnings
confidence high
sentiment positive
materiality 0.70
Edible Garden Q2 revenue up 12.8% to $3.6M; net loss narrows to $3.3M
Edible Garden AG Inc
- Revenue $3.6M, +12.8% YoY; total sales +31.2% with cut herb +42%, potted +11.3%.
- International Vitamins +50%, condiments +594.7% on new placements at Safeway, Wakefern, Woodman's.
- Net loss improved to $3.3M from $4.0M; SG&A down 21.5% to $3.1M.
- Completed RTD prototype at Tetra Pak; Prairie Hills facility to have >100M unit annual capacity.
- Expanded Target fresh-cut herb distribution via Midwest DC award.