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

Edible Garden (NASDAQ:EDBL) released its earnings results on Friday. The company reported ($18.79) earnings per share 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 analysts’ expectations 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

Edible Garden stock remained flat at $1.67 during mid-day trading on Friday. 912,947 shares of the company’s stock were exchanged, compared to its average volume of 648,583. The stock has a market cap of $200,400.00, a price-to-earnings ratio of -0.00 and a beta of 1.77. The stock’s 50 day simple moving average is $5.37 and its 200 day simple moving average is $53.96. Edible Garden has a 12-month low of $1.56 and a 12-month high of $1,250.96.

Insider Activity

In other news, major shareholder Financial Lp Hrt sold 11,948 shares of the company’s stock in a transaction dated 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 transaction, the insider owned 7,162 shares of the company’s stock, valued at approximately $32,229. This represents a 62.52% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, major shareholder Scott Wolinsky bought 3,333 shares of Edible Garden stock in a transaction that occurred on Friday, June 5th. The stock was bought at an average price of $8.55 per share, with a total value of $28,497.15. Following the purchase, the insider owned 21,111 shares of the company’s stock, valued at $180,499.05. This trade represents a 18.75% increase in their position. The SEC filing for this purchase provides additional information. In the last 90 days, insiders have bought 15,927 shares of company stock worth $133,332. Insiders own 0.84% of the company’s stock.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Edible Garden stock. Cetera Investment Advisers boosted its holdings in shares of Edible Garden AG Incorporated (NASDAQ:EDBL) by 861.5% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 96,150 shares of the company’s stock after buying an additional 86,150 shares during the period. Cetera Investment Advisers owned about 16.19% of Edible Garden worth $58,000 as of its most recent SEC filing. 12.99% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of equities analysts have recently commented on EDBL shares. Weiss Ratings upgraded Edible Garden from a “sell (e)” rating to a “sell (e+)” rating in a research note on Tuesday, July 28th. Wall Street Zen upgraded Edible Garden to a “hold” rating in a research note on Saturday, July 18th. Finally, Maxim Group lowered their target price on Edible Garden to $45.00 and set a “buy” rating on the stock in a report on Monday, June 15th. One investment analyst has rated the stock with a Buy rating and one has given a Sell rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and an average 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.