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Stock impact report

Edible Garden AG Inc (EDBL) Q3 2024 Earnings Call Highlights: Strategic Shifts and Growth Prospects [Yahoo! Finance]

Edible Garden AG Incorporated (EDBL) 
Company Research Source: Yahoo! Finance
Revenue: $2.6 million for Q3 2024, down from $3 million in Q3 2023. Cost of Goods Sold: $1.9 million for Q3 2024, down from $3.3 million in Q3 2023. Selling, General and Administrative Expenses: $2.2 million for Q3 2024, down from $2.4 million in Q3 2023. Net Loss: $2.1 million or $0.65 per share for Q3 2024, compared to $2.4 million or $13.83 per share in Q3 2023. Debt Reduction: Paid down $3.2 million in debt due 2025. Funds Raised: $5.65 million from September S1 offering. Sales Growth: 55% increase in sales of cut herbs for the first nine months of 2024. Warning! GuruFocus has detected 5 Warning Signs with EDBL. Release Date: November 13, 2024 For the complete transcript of the earnings call, please refer to the full earnings call transcript Edible Garden AG Inc ( NASDAQ:EDBL ) reported a significant increase in gross profit for Q3 2024, with a $687,000 rise compared to the same period last year. The company's gross profit margin improved significantly, reac Show less Read more
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