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

Edible Garden (NASDAQ:EDBL) issued its quarterly earnings data on Friday. The company reported ($18.79) earnings per share (EPS) for the quarter, missing the consensus estimate of ($11.70) by ($7.09), FiscalAI reports. The business had revenue of $3.55 million for the quarter, compared to the consensus estimate 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 opened at $1.67 on Friday. Edible Garden has a 52-week low of $1.56 and a 52-week high of $1,250.96. The company has a 50-day simple moving average of $5.37 and a 200-day simple moving average of $53.96. The company has a market capitalization of $200,400.00, a PE ratio of -0.00 and a beta of 1.77.

Insider Transactions at Edible Garden

In other news, major shareholder Financial Lp Hrt sold 11,948 shares of the business’s stock in a transaction that occurred on Tuesday, July 7th. The stock was sold at an average price of $4.50, for a total transaction of $53,766.00. Following the sale, the insider owned 7,162 shares of the company’s stock, valued at $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 is available through this hyperlink. Also, major shareholder Scott Wolinsky acquired 3,333 shares of Edible Garden stock in a transaction that occurred on Friday, June 5th. The shares were purchased at an average cost 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 of the company’s stock, valued at $180,499.05. The trade was a 18.75% increase in their position. The disclosure for this purchase is available in the SEC filing. Over the last ninety days, insiders acquired 15,927 shares of company stock valued at $133,332. 0.84% of the stock is currently owned by corporate insiders.

Institutional Trading of Edible Garden

An institutional investor recently raised its stake in Edible Garden stock. Cetera Investment Advisers raised its position in Edible Garden AG Incorporated (NASDAQ:EDBL) by 861.5% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 96,150 shares of the company’s stock after purchasing an additional 86,150 shares during the period. Cetera Investment Advisers owned about 16.19% of Edible Garden worth $58,000 at the end of the most recent reporting period. Hedge funds and other institutional investors own 12.99% of the company’s stock.

Wall Street Analyst Weigh In

EDBL has been the topic of several recent research reports. Wall Street Zen cut Edible Garden from a “hold” rating to a “sell” rating in a research report on Saturday. Maxim Group decreased their price target on Edible Garden to $45.00 and set a “buy” rating for the company in a report on Monday, June 15th. Finally, Weiss Ratings raised shares of Edible Garden from a “sell (e)” rating to a “sell (e+)” rating in a research note on Tuesday, July 28th. One research analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, Edible Garden has an average rating of “Hold” and an average target price of $45.00.

About Edible Garden

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.