Edible Garden AG IncEDBL

NasdaqConsumer EssentialsAgricultural Production-Crops
Price (close)
$1.24
Market cap
—
P/E
—
Revenue (TTM)
$13.8M
Net income
-$7.1M
Dividend yield
—
1-year total return
-99.9%
Net margin
-51.0%
Revenue growth
12.3%
Debt / equity
2.47x

What Edible Garden AG Inc does.

Edible Garden is a controlled environment agriculture ("CEA") farming company. We use traditional agricultural growing techniques together with technology to grow fresh, organic food sustainably and safely while improving traceability. We operate glass, hydroponic, and vertical greenhouse structures that enable us to grow organic herbs consistently year-round while using less land, less energy, and less water than conventional agriculture. In our hydroponic greenhouse, we grow plants without soil. Instead of planting one row of plants in the ground, by using a vertical growing system, we can grow many towers of plants in the same area by planting up instead of planting across. Growing these products sustainably means that we avoid depleting natural resources in order to maintain an ecological balance, such as by renewing, reusing and recycling materials in order to lower the overall one-time use of materials. Our facilities utilize "closed loop" irrigation systems that recollect and reuse drain water—including water recycled through reverse osmosis—reducing overall water consumption and helping conserve natural resources. Our advanced systems are also designed to help mitigate contamination from harmful pathogens, including salmonella, e-coli and others.

Revenue and profit, by fiscal year.

Fiscal year202020212022202320242025
Revenue—$10.5M$11.6M$14.0M$13.9M$12.8M
Net income—-$5.5M-$12.5M-$10.2M-$11.1M-$17.3M
Free cash flow—-$4.2M-$11.2M-$9.6M-$8.8M-$12.4M

More on EDBL.

Figures from Edible Garden AG Inc's filings with the U.S. SEC, standardised automatically; prices are end-of-day closes. Not financial advice.