Edible Garden (NASDAQ:EDBL) Issues Quarterly Earnings Results

Edible Garden (NASDAQ:EDBL) issued its earnings results on Friday. The company reported ($18.79) EPS for the quarter, missing analysts’ consensus estimates of ($11.70) by ($7.09), FiscalAI reports. The business had revenue of $3.55 million for the quarter, compared to analyst estimates of $3.38 million.

Here are the key takeaways from Edible Garden’s conference call:

• Second-quarter revenue rose 12.8% year over year to approximately $3.6 million, with particularly strong growth in cut herbs and potted products and broader expansion across major retail customers.
• Edible Garden secured expanded fresh-cut herb distribution through a major Target Midwest distribution center and extended a multi-year private-label contract, benefiting from industry consolidation and retailer demand for reliable suppliers.
• Operating efficiency improved, with SG&A falling 21.5% to $3.1 million and net loss narrowing to approximately $3.3 million; operating cash flow was positive for the second consecutive quarter.
• The company completed commercial-condition prototype production with Tetra Pak and said Prairie Hills remains on track for its first bottle in late 2027, with co-manufacturing expected to begin in late fourth-quarter 2026 and commitments reportedly covering 100% of the facility.
• Gross profit remained essentially flat at approximately $0.6 million despite revenue growth, while debt increased by roughly $14.2 million to fund Prairie Hills; only about $0.7 million of the $10.7 million in cash and restricted cash was unrestricted and available for operations.

Edible Garden Stock Performance

Edible Garden stock remained flat at $1.67 during trading hours on Friday. 912,947 shares of the company’s stock were exchanged, compared to its average volume of 648,583. The company has a market capitalization of $200,400.00, a P/E ratio of -0.00 and a beta of 1.77. The stock has a 50 day moving average of $5.52 and a 200 day moving average of $54.32. Edible Garden has a fifty-two week low of $1.56 and a fifty-two week high of $1,250.96.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on the company. Maxim Group lowered their price target on Edible Garden to $45.00 and set a “buy” rating for the company in a report on Monday, June 15th. Wall Street Zen raised Edible Garden to a “hold” rating in a research report on Saturday, July 18th. Finally, Weiss Ratings upgraded Edible Garden from a “sell (e)” rating to a “sell (e+)” rating in a report on Tuesday, July 28th. One investment analyst has rated the stock with a Buy rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $45.00.

Insider Transactions at Edible Garden

In other news, major shareholder Financial Lp Hrt sold 11,948 shares of Edible Garden stock in a transaction that occurred on Tuesday, July 7th. The shares were sold at an average price of $4.50, for a total value of $53,766.00. Following the transaction, the insider owned 7,162 shares of the company’s stock, valued at $32,229. The trade was a 62.52% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, major shareholder Scott Wolinsky acquired 3,333 shares of the business’s stock in a transaction dated Friday, June 5th. The stock was purchased at an average cost of $8.55 per share, for a total transaction of $28,497.15. Following the transaction, the insider owned 21,111 shares in the company, valued at approximately $180,499.05. The trade was a 18.75% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Insiders bought a total of 15,927 shares of company stock worth $133,332 over the last 90 days. Company insiders own 0.84% of the company’s stock.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Edible Garden stock. Armistice Capital LLC purchased a new position in Edible Garden AG Incorporated (NASDAQ:EDBL) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 222,072 shares of the company’s stock, valued at approximately $135,000. Armistice Capital LLC owned approximately 37.64% of Edible Garden as of its most recent filing with the Securities and Exchange Commission (SEC). Hedge funds and other institutional investors own 12.99% of the company’s stock.

Edible Garden Company Profile

Edible Garden AG, trading on the Nasdaq under the ticker EDBL, is a technology-enabled agriculture company specializing in the design, construction and operation of hydroponic greenhouse farms. By leveraging controlled-environment agriculture techniques and proprietary automation systems, the company produces a range of leafy greens and salad?related vegetables, including branded Salanova products, for wholesale distribution to retailers, food service operators and distributors.

In addition to farm ownership and produce cultivation, Edible Garden develops and licenses its modular greenhouse technology and cultivation methods to third parties.