Did Edible Garden AG beat or miss consensus estimates last quarter?

What is Edible Garden AG's latest dividend and current dividend yield?

What is Edible Garden AG's gross profit margin?

What does Edible Garden AG do and what are its main business segments?

What were the key takeaways from Edible Garden AG's earnings call?

What were the key takeaways from Edible Garden AG’s earnings call?

What is the revenue and EPS growth rate for Edible Garden AG year over year?

What guidance did Edible Garden AG's management provide for the next earnings period?

- **Revenue Growth**: 9% YoY driven by CPG expansion (54% YoY) and strategic retail partnerships.
- **Operational Efficiency**: Narrowed net loss to $4M vs. $2.1M prior year, reflecting cost control.
- **Innovation Hub**: Iowa facility to drive R&D in nutraceuticals and fermented foods.
- **Private Label Momentum**: Major retailers mandate natural ingredients, aligning with Edible Garden's clean-label expertise.
- **2026 Outlook**: Accelerate product launches in functional foods, leveraging retailer partnerships.
- **Sustainability Focus**: 0-waste model and USDA organic programs differentiate brand.

**【CEO Summary Section】**
- Q3 2025 revenue grew 9% YoY to $2.8 million, driven by expansion of higher-margin CPG products (54% YoY growth) including Kick, Vitamin Whey, Pulp, and Pickle Party.
- Strategic acquisition of NaturalShrimp facility in Iowa positions for R&D and production of next-gen nutraceuticals and fermented foods.
- Core produce business remains resilient with hydro basil up 21% YoY and wheatgrass up 59% YoY.
- Expanded retail partnerships with Kroger,1st USDA organic herbs program, Fresh Market, Pete's Fresh Market, and Amazon.
- Private label demand surging as major retailers mandate removal of artificial colors/dyes (e.g., Walmart) aligning with Edible Garden's clean-label ethos.
- Q3 2025 net loss narrowed to $4 million vs. $2.1 million prior year, reflecting operational efficiency improvements.

**【CFO Financial Commentary】**
- Gross profit pressured by 12% YoY increase in labor/freight costs, partially offset by 9% top-line growth.
- SG&A expenses rose 73% YoY ($3.8M vs. $2.2M) due to facility build-out and acquisition-related costs.
- Cash reserves optimized to $0.8 million through debt refinancing at lower rates.
- Working capital management enhanced via production planning and inventory turnover optimization.

**【Q&A Key Highlights】**
- Iowa facility will focus on R&D for nutraceuticals, fermented foods, and clean-label condiments.
- Private label business growing as retailers seek Edible Garden's expertise in natural ingredients.
- Margins maintained via premium branded products (Kick, Vitamin Whey) offsetting lower-margin private label volume.
- 2026 outlook: accelerate new product launches in functional foods, leveraging retailer partnerships.
- Thanksgiving holiday sales expected to benefit from expanded retail footprint and clean-label positioning.

Edible Garden AG Incorporated (EDBL) Q3 2025 Earnings Call Transcript

- **Strategic Shift Paying Off**: Exit of low-margin categories enabled 19.1% YoY private label growth and 66.5% international expansion.
- **Operational Progress**: Prairie Hills acquisition adds R&D, water treatment patents, and Midwest distribution, with Q4 preorders up for holiday season.
- **Financial Challenges**: $4M net loss reflects $740K revenue loss from exits, but 19% private label growth and Kick Sports Nutrition launch position for recovery.
- **Growth Drivers**: 7.1% basil growth, 66.5% international sales, and Amazon e-commerce expansion highlight resilience in core and new channels.

**【CEO Opening Remarks】**
- Announced strategic exit of low-margin lettuce and floral categories, freeing resources for higher-margin innovation (e.g., CEA-produced herbs, better-for-you products). 
- Private label revenue grew 19.1% YoY, driven by expanded retail programs and strong sell-through of sustainably grown herbs.
- Core produce categories showed QoQ growth: hydroponic basil +7.1%, potted herbs +6.4%, wheatgrass +4.1%.
- Launched Kick Sports Nutrition line on Amazon, expanding e-commerce reach and direct-to-consumer engagement.
- Secured new international distribution partnerships, driving 66.5% YoY international revenue growth.
- Acquired NaturalShrimp aquaculture facility (now Edible Garden Prairie Hills), adding R&D capabilities, patented water treatment tech, and Midwest distribution advantage.

**【CFO Financial Commentary】**
- Q2 2025 Revenue: $3.1M vs. $4.3M YoY, reflecting $740K loss from exited categories.
- Gross Profit: $634K vs. $1.6M YoY, down due to product mix changes and infrastructure investments.
- SG&A Expenses: $4.2M vs. $2.7M YoY, driven by acquisition costs, legal fees, and operational scaling.
- Net Loss: $4M vs. $1.9M YoY, with cash balance of $2.8M at quarter-end.

**【Q&A Highlights】**
- **Private Label Growth**: Constitutes ~22% of revenue, with 19% YoY dollar growth and 3-year contract with Meijer. Expansion planned for Q4 with major U.S. retailer.
- **Revenue Shortfall**: $1.2M YoY decline attributed to: 
  - $740K from exited categories
  - Softness in legacy condiments
  - Transition to higher-margin Kick Sports Nutrition line
- **NaturalShrimp Acquisition**: 6.2-acre facility with patented water treatment tech, positioned for R&D, nutraceutical production, and cost savings via central Midwest location.
- **Q4 Outlook**: Strong holiday season expected with preorders up, new international partnerships (e.g., PriceSmart), and Kick Sports Nutrition launch in retail channels.
- **International Strategy**: Shelf-stable products (vitamins, supplements) drive 66.5% YoY growth, leveraging global demand for better-for-you products and Edible Garden's controlled environment agriculture expertise.

Edible Garden AG Incorporated (EDBL) Q2 2025 Earnings Call Transcript

- **Strategic Shift Paying Off**: 15% YoY growth in non-perishable products drove 283% gross profit increase, with gross margin tripling to 3.2%.
- **$15.5M Shrimp Acquisition**: Adds R&D, warehousing, and nutraceutical potential, with immediate benefits for refrigerated product distribution.
- **Sports Nutrition Momentum**: Kick.Sport Nutrition expanding into Midwest big-box retailers, with new product launches in hydration and recovery.
- **Sustainability Leadership**: Avoided 11,800 metric tons of plastic in 2024, with nanobubble tech reducing harvest cycles by 30%.

**【CEO Strategic Overview】**
- **Revenue Shift & Margin Expansion**: Q1 2025 total revenue declined 13.2% to $2.7M due to strategic exit from low-margin floral/lettuce categories. Non-perishable revenue grew 15% YoY, driving gross margin to 3.2% (vs. 0.7% in Q1 2024). Cut herbs sales rose 13% on a seasonal basis.
- **Key Product Wins**: 
  - Kick.Sport Nutrition secured new Midwest big-box retail placements with plant-based and whey protein powders.
  - Pickle Party (functional pickles) launched at Berkot's Super Foods and Foodtown.
  - Squeezables paste line moved to full-scale production post-pilot success.
  - $15.5M acquisition of Natural Shrimp Farms (Iowa aquaculture facility) to enhance R&D, water efficiency, and nutraceutical innovation.
- **Sustainability & Expansion**: 
  - Avoided 11,800 metric tons of virgin plastic in 2024 via Walmart's Project Gigaton.
  - Nanobubble irrigation trials show 55% yield increase and 30% harvest cycle reduction.

**【CFO Financial Highlights】**
- **Revenue & Costs**: 
  - Total revenue: $2.7M (down 13.2% YoY). COGS: $2.6M (down 13.0% YoY). 
  - Gross profit: $88K (up 283% YoY). Operating expenses: $3.3M (down 15.4% YoY due to cost optimization).
- **Profitability**: 
  - Net loss: $3.3M (narrowed 17.5% YoY). Non-perishable products now account for ~50% of revenue mix.
  - Gross margin expansion driven by higher-margin shelf-stable products (e.g., Pulp hot sauces, Vitamin Way protein powders).

**【Q&A Key Takeaways】**
- **Natural Shrimp Acquisition**: 
  - Immediate benefits: warehousing capacity, refrigerated product distribution, and R&D synergies in shrimp-based nutraceuticals.
  - Long-term potential: leveraging shrimp's therapeutic properties (joint care, immune support) and existing 2 patented water treatment technologies.
- **Sports Nutrition Growth**: 
  - Kick.Sport Nutrition Q1 2025 orders shipped in Q2, with new Midwest placements and planned expansion into pre-workout/hydration products.
  - E-commerce launch at vitaminwhey.com to accelerate direct-to-consumer growth.
- **2025 Outlook**: 
  - Focus on scaling non-perishable brands, optimizing supply chain via Iowa facility, and expanding retail partnerships (Walmart, Stop & Shop).

Edible Garden AG Incorporated (EDBL) Q1 2025 Earnings Call Transcript

- **Core Revenue Growth**: 16.3% YoY expansion in core herb business to $12.4 million
- **Profitability Surge**: Gross margin tripled to 16.7%, driven by strategic product portfolio rationalization
- **Strategic Acquisitions**: Proposed Orion Group acquisition to expand into European organic coconut market
- **Innovation Momentum**: Launched squeezable condiments and sports nutrition products in Q4 2024
- **Operational Efficiency**: Working capital improved through cost controls and vertical integration

**【Opening Remarks】**
- The company released its Q4 and full-year 2024 financial results, with the 10-K filing available on the SEC website.
- Reminder of forward-looking statements' risks and uncertainties.

**【CEO Key Highlights】**
- **Revenue Performance**: Total revenue remained flat year-over-year, but core business revenue grew 16.3% to $12.4 million, driven by herb portfolio expansion.
- **Profitability**: Gross profit increased 181.3% to $2.2 million, with gross margin tripling to 16.7% due to strategic product portfolio rationalization.
- **Strategic Adjustments**: 
  - Exited low-margin categories (lettuce, waveprotein) to focus on core ERB products.
  - Launched new shelf-stable and clean-label sports nutrition products in Q4 2024.
  - Repurposed retail space for mass-market product launches.
- **Operational Efficiency**: 
  - Cost of goods reduced through vertical integration and better facility utilization.
  - Working capital improved with disciplined cost controls and capital raises.
- **Future Growth Drivers**: 
  - Proposed acquisition of Orion Group (European organic coconut/superfood producer) to expand international footprint.
  - New product launches (e.g., squeezable condiments, fermented sauces) to capitalize on fresh condiments category growth.
  - Expansion of USDA organic herb line distribution in key U.S. markets.
- **Sustainability & Innovation**: 
  - Continued investment in controlled environment agriculture (CEA) and patented agricultural technology.
  - Focus on clean-label, plant-based ingredients and cross-selling opportunities with Orion Group.

**【Key Financial Metrics】**
- 2024 Full Year: 
  - Total Revenue: Flat year-over-year
  - Core Business Revenue: +16.3% to $12.4 million
  - Gross Profit: +181.3% to $2.2 million
  - Gross Margin: 16.7% (vs. 5.9% in 2023)
- Q4 2024: 
  - Herb Portfolio Growth: Double-digit percentage increase
  - Sports Nutrition Launch: Pre-launched in Midwest retail channels
  - Cost of Goods: Improved through vertical integration efficiencies

Edible Garden (EDBL)-31 Mar 25-2024 Q4 Earnings call transcript

Edible Garden (EDBL)-13 Nov 24-2024 Q3 Earnings call transcript

Edible Garden (EDBL)-14 Aug 24-2024 Q2 Earnings call transcript

Edible Garden (EDBL)-15 May 24-2024 Q1 Earnings call transcript

Edible Garden (EDBL)-1 Apr 24-2023 Q4 Earnings call transcript

Edible Garden (EDBL)-13 Nov 23-2023 Q3 Earnings call transcript

- **Revenue Growth**: Q4 2022 up 10% to $3.1M, FY 2022 up 10% to $11.6M.\n- **New Products**: Salad kits and Pulp sauces launched in key retail channels.\n- **Greenhouse Expansion**: Grand Rapids facility nearing full operation.\n- **Partnerships**: USDA/EPA nanobubble technology research.\n- **Financial Health**: Secured $10.2M funding for 2023 growth initiatives.

**【CEO Summary Section】**
- CEO highlighted 10% revenue growth in Q4 2022 ($3.1M vs $2.8M) and 10% annual growth ($11.6M vs $10.5M).\n- Launched new salad kits at Meijer and Pulp sauces at Whole Foods, driving convenience and higher margins.\n- Expanded distribution network to 4,000+ stores across Northeast, Midwest, and Southeast.\n- Grand Rapids greenhouse nearing full operation, targeting $20M+ annual capacity.\n- Formed USDA/EPA partnership to test nanobubble technology for sustainable agriculture.\n\n**【CFO Financial Commentary】**\n- Q4 2022: Revenue $3.1M (10% YoY), Net Loss $3M (-$9.31/share).\n- FY 2022: Revenue $11.6M (10% YoY), Net Loss $12.5M (-$48.68/share).\n- Cost increases: Packaging (+10%), labor (+15%), contract farmer rates.\n- SGA expenses up 68% YoY due to public company costs.\n- Secured $10.2M from Feb 2023 equity offering to fund expansion.\n\n**【Q&A Highlights】**\n- Distribution: 4,000+ stores, 100% fill rate with major retailers.\n- Greenhouse: Grand Rapids facility to be fully operational in 30 days.\n- Product pipeline: New salad kits, Pulp sauces, and high-margin finished goods.\n- Financial outlook: Targeting cash flow positive in 2023.\n- Expansion strategy: Focus on Northeast, Midwest, and Southeast.\n- Risk mitigation: Strong team execution and cash flow management.

EDBL

EDBL fundamentals

Earnings Call

You can ask Aime