Edible Garden (NASDAQ:EDBL) Releases Earnings Results, Misses Expectations By $7.09 EPS

Edible Garden (NASDAQ:EDBL) released its quarterly earnings results on Friday. The company reported ($18.79) EPS for the quarter, missing the consensus estimate of ($11.70) by ($7.09), FiscalAI reports. The company had revenue of $3.55 million during 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 Price Performance

Shares of EDBL stock opened at $1.67 on Friday. The stock has a market capitalization of $202,070.00, a P/E ratio of -0.00 and a beta of 1.77. Edible Garden has a fifty-two week low of $1.56 and a fifty-two week high of $1,250.96. The stock has a 50-day simple moving average of $5.37 and a 200 day simple moving average of $53.96.

Analyst Upgrades and Downgrades

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

Insiders Place Their Bets

In related news, major shareholder Financial Lp Hrt sold 11,948 shares of the firm’s stock in a transaction that occurred on Tuesday, July 7th. The shares were sold at an average price of $4.50, for a total transaction of $53,766.00. Following the completion of the sale, the insider directly owned 7,162 shares in the company, valued at approximately $32,229. This trade represents a 62.52% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, major shareholder Scott Wolinsky purchased 3,333 shares of Edible Garden stock in a transaction dated Friday, June 5th. The shares were purchased at an average price of $8.55 per share, with a total value of $28,497.15. Following the completion of the acquisition, the insider owned 21,111 shares in the company, valued at $180,499.05. The trade was a 18.75% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Insiders have bought 15,927 shares of company stock worth $133,332 in the last quarter. 0.84% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Edible Garden stock. Armistice Capital LLC bought a new position in Edible Garden AG Incorporated (NASDAQ:EDBL) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 222,072 shares of the company’s stock, valued at approximately $135,000. Armistice Capital LLC owned 37.64% of Edible Garden at the end of the most recent reporting period. 12.99% of the stock is owned by institutional investors.

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.