Edible Garden AG Incorporated Q2 2025 Earnings Call Transcript: Business Update and Financial Results

Edible Garden AG Incorporated reported Q2 2025 earnings with CEO Jim Kras and Interim CFO Kostas Dafoulas participating in the conference call. The company announced operating results for the 3 months ended June 30, 2025, and will file its quarterly report on Form 10-Q with the SEC. The call may contain forward-looking statements regarding future results, strategy, and plans.

Edible Garden AG Incorporated (NASDAQ: EDBL) reported mixed financial results for the second quarter of 2025, with the company continuing its strategic transformation. The company reported revenue of $3.1 million, a decrease of 28% from $4.3 million in the same period last year, primarily due to the exit from low-margin floral and lettuce categories [1].

The company's net loss widened to $4.0 million, compared to $1.9 million in Q2 2024, driven by higher selling, general, and administrative (SG&A) expenses and a decline in revenue from the exited categories. SG&A expenses increased to $4.2 million from $2.7 million, largely due to legal costs related to acquisitions and transactions [1].

Despite the overall revenue decline, several strategic growth areas showed promising results. Non-perishable unit sales increased by 17%, private label products through big box retailers grew by 19.1%, and international vitamin and supplements revenue surged by 66.5% year-over-year [1].

The company also strengthened its operational capabilities with the acquisition of NaturalShrimp's aquaculture facility in Iowa, now operating as Edible Garden Prairie Hills. This acquisition enhances the company's R&D capabilities in aquaponics and improves distribution efficiency [1].

Edible Garden's strategic pivot shows mixed results with growing non-perishable sales but declining overall revenue and widening losses. The company's focus on higher-margin, shelf-stable products aligns with projected growth in functional food markets, but the timeline to offset revenue losses and achieve profitability remains unclear [1].

The company will file its quarterly report on Form 10-Q with the Securities and Exchange Commission and will host a conference call today at 8:00 A.M. Eastern Time to discuss its financial results and corporate progress [1].

References:
[1] https://www.stocktitan.net/news/EDBL/edible-garden-delivers-strong-performance-across-core-and-key-krpfy2hwkc1t.html