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Edible Garden Ag Incorporated  (EDBL)
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Price: $0.3200 $-0.02 -5.045%
Day's High: $0.35 Week Perf: -5.88 %
Day's Low: $ 0.32 30 Day Perf: -29.28 %
Volume (M): 96 52 Wk High: $ 4.48
Volume (M$): $ 31 52 Wk Avg: $1.04
Open: $0.34 52 Wk Low: $0.32



 Market Capitalization (Millions $) 1
 Shares Outstanding (Millions) 4
 Employees -
 Revenues (TTM) (Millions $) 13
 Net Income (TTM) (Millions $) -9
 Cash Flow (TTM) (Millions $) 1
 Capital Exp. (TTM) (Millions $) 1

Edible Garden Ag Incorporated
Edible Garden Ag Incorporated is a company that specializes in growing and distributing organic and sustainable herbs and leafy greens. They are dedicated to providing fresh and high-quality produce to consumers all year round. With a focus on reducing environmental impact, they employ modern farming techniques such as hydroponics and vertical farming. Edible Garden Ag Incorporated aims to promote healthy eating and support local communities by establishing partnerships with retailers and restaurants.


   Company Address: 283 County Road 519 Belvidere 7823 NJ
   Company Phone Number: 750-3953   Stock Exchange / Ticker: NASDAQ EDBL
   EDBL is expected to report next financial results on March 21, 2024.


   

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Product Service News

Edible Garden's Gourmet Pulp Sauces Make Their Savory Debut in Wisconsin and Illinois

Published Tue, Feb 6 2024 2:00 PM UTC

Edible Garden, a pioneering company in the organic and sustainable food industry, has announced the introduction of its innovative line of Pulp Sustainable Gourmet Sauces in the markets of Wisconsin and Illinois. Their exciting range of these USDA certified organic, sustainable sauces are now available at Woodmans Market, bringing the brand's sonorous slogan, Bland to Bold, ...

Edible Garden Ag Incorporated

Breaking Records: Agricultural Production Company Shines in Third Quarter of 2023

Edible Garden Ag Incorporated (EDBL) is a company that specializes in controlled environment agriculture (CEA), focusing on locally grown, organic, and sustainable produce and products. Despite experiencing impressive revenue growth of 19.426% to $3.29 million in the fiscal period ending on September 30, 2023, the company failed to grow its bottom-line, remaining at $0.00 per share year on year.
EDBL's resistance to the downward trend in the Agricultural Production sector is noteworthy. While many of its peers have witnessed a decline in top-line revenue, Edible Garden Ag Incorporated has expressed revenue improvement. Although there was a -22.08% drop in revenue from the previous quarter, falling from $4.22 million, this is still a commendable performance in comparison to other companies in the sector.

Edible Garden Ag Incorporated

Edible Garden Ag Incorporated Shatters Expectations with Remarkable Financial Growth in Q2 2023

Edible Garden Ag Incorporated, a company in the Agricultural Production sector, has reported positive financial results for the second quarter of the 2023 earnings season. The company achieved earnings of $0.00 per share, which remained consistent compared to the previous year. However, it is noteworthy that the company's earnings improved from the prior reporting season.
The company's revenue experienced a significant increase of 41.407% to reach $4.22 million in the current reporting season, compared to $2.99 million in the same period last year. Furthermore, the revenue showed a sequential surge of 71.935% from $2.46 million. This growth in revenue is impressive, especially considering the decline in revenue observed among most of its peers in the Agricultural Production industry during the same period.

Edible Garden Ag Incorporated

Edible Garden Ag Incorporated Suffers Significant Revenue Decrease of 10% in Q1 2023, Showing Negative Return on Equity of -1550.53%

Edible Garden Ag Incorporated's financial results for the 12 months ending in the first quarter of 2023 showed a cumulative net loss of $-13 million, resulting in a negative return on equity of -1550.53%. This means that the company's expenses exceeded its revenue, causing a negative impact on shareholder equity. The company's return on equity also deteriorated compared to the previous quarter, ranking at 3236, which is lower than 24 other companies in the agricultural production sector.
In terms of revenue, Edible Garden Ag Incorporated experienced a significant decrease of -10.303% to $2.46 million for the first financial quarter of 2023, compared to $2.74 million in the same period the year before. Sequentially, the revenue also fell by -20.189% from $3.08 million in the preceding financial reporting period. This drop in revenue can be attributed to various factors such as low consumer demand, poor management decisions, or unfavorable market conditions.






 

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