Edible Garden (NASDAQ:EDBL) Posts Earnings Results

Edible Garden (NASDAQ:EDBL) posted its quarterly earnings results on Friday. The company reported ($18.79) earnings per share (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

NASDAQ:EDBL remained flat at $1.67 during trading hours on Friday. The company’s stock had a trading volume of 912,947 shares, compared to its average volume of 648,583. Edible Garden has a one year low of $1.56 and a one year high of $1,250.96. The stock has a fifty day moving average price of $5.52 and a 200 day moving average price of $54.32. The company has a market capitalization of $200,400.00, a price-to-earnings ratio of -0.00 and a beta of 1.77.

Insider Buying and Selling at Edible Garden

In related news, major shareholder Financial Lp Hrt sold 11,948 shares of the business’s stock in a transaction 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 completion of the sale, the insider owned 7,162 shares of the company’s stock, valued at approximately $32,229. The trade was a 62.52% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, major shareholder Scott Wolinsky purchased 3,333 shares of Edible Garden stock in a transaction that occurred on Friday, June 5th. The shares were bought at an average price of $8.55 per share, with a total value 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. In the last 90 days, insiders have purchased 15,927 shares of company stock worth $133,332. 0.84% of the stock is owned by company insiders.

Hedge Funds Weigh In On Edible Garden

An institutional investor recently raised its stake in Edible Garden stock. Cetera Investment Advisers raised its holdings in Edible Garden AG Incorporated (NASDAQ:EDBL) by 861.5% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 96,150 shares of the company’s stock after acquiring an additional 86,150 shares during the period. Cetera Investment Advisers owned approximately 16.19% of Edible Garden worth $58,000 at the end of the most recent quarter. 12.99% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on EDBL. Maxim Group cut their target price on Edible Garden to $45.00 and set a “buy” rating on the stock in a research report on Monday, June 15th. Weiss Ratings raised Edible Garden from a “sell (e)” rating to a “sell (e+)” rating in a report on Tuesday, July 28th. Finally, Wall Street Zen upgraded Edible Garden to a “hold” rating in a research note on Saturday, July 18th. One analyst has rated the stock with a Buy rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $45.00.

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.