Financial Snapshot

Revenue
$14.77M
TTM
Gross Margin
11.17%
TTM
Net Earnings
-$12.58M
TTM
Current Assets
Q2 2024
Current Liabilities
Q2 2024
Current Ratio
73.14%
Q2 2024
Total Assets
Q2 2024
Total Liabilities
Q2 2024
Book Value
$511.0K
Q2 2024
Cash
Q2 2024
P/E
-0.2538
Sep 13, 2024 EST
Free Cash Flow
-$9.209M
TTM

Revenues

Revenues

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Revenue YoY Change

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Revenues

Concept 2023 2022 2021 2020
Revenue $14.05M $11.55M $10.51M $9.440M
YoY Change 21.62% 9.91% 11.33%

Expenses

Cost Of Revenues

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Gross Profit

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Gross Profit Margin

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Gross Profit

Concept 2023 2022 2021 2020
Revenue $14.05M $11.55M $10.51M $9.440M
Cost Of Revenue $13.23M $11.19M $9.860M $8.090M
Gross Profit $822.0K $364.0K $650.0K $1.350M
Gross Profit Margin 5.85% 3.15% 6.18% 14.3%

Selling, General & Admin Expense

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Research & Development

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Depreciation, Depletion & Amortization

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SGA Expense to Gross Profit Ratio

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R&D To Gross Profit Ratio

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DDA To Gross Profit Ratio

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Operating Expenses Total

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Operating Profits/Loss

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Operational Expenses

Concept 2023 2022 2021 2020
Selling, General & Admin $10.01M $9.368M $5.610M $5.160M
YoY Change 6.84% 66.99% 8.72%
% of Gross Profit 1217.64% 2573.63% 863.08% 382.22%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $1.489M $959.0K $760.0K $710.0K
YoY Change 55.27% 26.18% 7.04%
% of Gross Profit 181.14% 263.46% 116.92% 52.59%
Operating Expenses $10.01M $9.368M $5.610M $5.150M
YoY Change 6.84% 66.99% 8.93%
Operating Profit -$9.873M -$9.004M -$4.960M -$3.800M
YoY Change 9.65% 81.53% 30.53%

Interest Expenses

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Interest Expenses To Operating Income %

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Other Expense/Income

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Interest & Other Expense/Income

Concept 2023 2022 2021 2020
Interest Expense $390.0K $2.033M -$620.0K -$110.0K
YoY Change -80.82% -427.9% 463.64%
% of Operating Profit
Other Income/Expense, Net -$315.0K -$590.0K
YoY Change -46.61%

Income/Loss

Pretax Income

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Income Tax

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Net Profits/Loss

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Pretax Income YoY Change

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Income Tax Rate

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Net Profits/Loss YoY Change

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Basic EPS

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Net Income To Revenue Ratio

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Pretax & Net Income

Concept 2023 2022 2021 2020
Pretax Income -$10.19M -$12.45M -$5.540M -$3.710M
YoY Change -18.19% 124.78% 49.33%
Income Tax $0.00 $0.00
% Of Pretax Income
Net Earnings -$10.19M -$12.45M -$5.540M -$3.710M
YoY Change -18.19% 124.78% 49.33%
Net Earnings / Revenue -72.52% -107.8% -52.71% -39.3%
Basic Earnings Per Share
Diluted Earnings Per Share -$61.67 -$48.69 -$655.6K -$439.1K

Assets & Liabilities

Cash & Short-Term Investments

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Cash & Equivalents

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Cash To Operating Expenses Ratio

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Inventory

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Receivables

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Total Short-Term Assets

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Property, Plant And Equipment

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Long-Term Investments

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Total Long-Term Assets

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Total Assets

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Net Income To Total Assets Percentage

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Accounts Payable

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Short-Term Debt

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Long Term Debt Due

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Total Short-Term Liabilities

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Long-Term Debt

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Other Long-Term Liabilities

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Total Long-Term Liabilities

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Total Liabilities

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Short-Term To Long-Term Debt Ratio

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Short-Term Assets To Debt Ratio

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Long-Term Debt To Net Income Ratio

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Assets & Liabilities

Concept 2023 2022 2021 2020
Cash & Short-Term Investments $510.0K $110.0K $30.00K $10.00K
YoY Change 363.64% 266.67% 200.0%
Cash & Equivalents
Short-Term Investments
Other Short-Term Assets $210.0K $62.00K $30.00K $120.0K
YoY Change 238.71% 106.67% -75.0%
Inventory $678.0K $586.0K $360.0K $310.0K
Prepaid Expenses
Receivables $1.249M $1.105M $770.0K $630.0K
Other Receivables $0.00 $0.00 $0.00 $0.00
Total Short-Term Assets $2.647M $1.863M $1.190M $1.070M
YoY Change 42.08% 56.55% 11.21%
Property, Plant & Equipment $3.893M $4.891M $2.570M $3.050M
YoY Change -20.4% 90.31% -15.74%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $69.00K $161.0K $230.0K $330.0K
YoY Change -57.14% -30.0% -30.3%
Total Long-Term Assets $4.009M $5.102M $2.800M $3.410M
YoY Change -21.42% 82.21% -17.89%
Total Assets $6.656M $6.965M $3.990M $4.480M
YoY Change
Accounts Payable $1.233M $1.728M $2.270M $1.930M
YoY Change -28.65% -23.88% 17.62%
Accrued Expenses $1.284M $1.059M $610.0K $540.0K
YoY Change 21.25% 73.61% 12.96%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $387.0K $2.042M $4.210M $0.00
YoY Change -81.05% -51.5%
Total Short-Term Liabilities $2.904M $4.829M $7.090M $2.470M
YoY Change -39.86% -31.89% 187.04%
Long-Term Debt $4.040M $4.282M $3.880M $3.880M
YoY Change -5.65% 10.36% 0.0%
Other Long-Term Liabilities $0.00 $34.00K $130.0K $200.0K
YoY Change -100.0% -73.85% -35.0%
Total Long-Term Liabilities $4.040M $4.316M $4.010M $4.080M
YoY Change -6.39% 7.63% -1.72%
Total Liabilities $6.944M $9.145M $11.10M $6.550M
YoY Change -24.07% -17.61% 69.47%

Ownership

Basic Shares Outstanding

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Diluted Shares Outstanding

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Preferred Stock

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Treasury Stock Shares

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Stock Issuance & Repurchase

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Ownership Data

Concept 2023 2022 2021 2020
Basic Shares Outstanding
Diluted Shares Outstanding
Preferred Stock
Treasury Stock Shares

Return On Shareholders' Equity

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Book Value

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Free Cash Flow

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Free Cash Flow YoY

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Dividends

Dividends

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Stock Price

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Market Cap: $3.192 Million

About Edible Garden AG Inc

Edible Garden AG Inc is a US-based company operating in Food Products industry. The company is headquartered in Belvidere, New Jersey and currently employs 116 full-time employees. The company went IPO on 2022-05-05. Edible Garden AG Incorporated is a controlled environmental agriculture (CEA) farming company. The firm uses the controlled environment of traditional greenhouse structures, such as glass greenhouses, together with hydroponic and vertical greenhouses to sustainably grow organic herbs, lettuces and floral products. In its hydroponic greenhouse, it grows plants without soil. In addition to using hydroponic and vertical greenhouse systems, the Company uses a closed loop system in its greenhouses. In its closed loop system, it also cycles water back into the system that has been collected through reverse osmosis. The company has also developed patented software called GreenThumb that assists in tracking plants through its supply chain. Its products include 10 types of individually potted, live herbs; 37 types of cut single-herb clamshells; four specialty herb items; butterhead lettuce; six garden salad kits; hydro basil; wheatgrass, and 12 vitamin and protein powder products.

Industry: Agricultural Production-Crops Peers: Arcadia Biosciences Inc Archer-Daniels-Midland Co Kalera PLC S&W Seed Co