Core Insights - Edible Garden AG Incorporated has launched a larger 3 oz. clamshell of its Poultry Mix, which includes rosemary, thyme, and sage, at select Walmart locations for the holiday season [1][2] - The product aims to provide a fresher and higher-value alternative to traditional herb packs, enhancing customer convenience during the busy shopping period [2] - Edible Garden is recognized as a Giga Guru participant in Walmart's Project Gigaton, contributing to sustainability efforts by aiming to remove one billion metric tons of greenhouse gas emissions from the global supply chain by 2030 [3][4] Product Offering - The Poultry Mix will be available in a custom-designed, branded display unit to maximize visibility and drive seasonal sales [2] - The product is part of Edible Garden's commitment to delivering high-value, Zero-Waste Inspired® solutions to consumers [4] - The full line of organic herbs and fresh-cut clamshell offerings will be available in Walmart's produce department throughout the holiday period [4] Sustainability Initiatives - Edible Garden continues to partner with Walmart on sustainability initiatives, focusing on efficient routing, expanded backhauling logistics, and sustainable packaging strategies [3] - The company operates state-of-the-art, vertically integrated greenhouses and processing facilities, contributing to its sustainability goals [5] - Edible Garden's proprietary GreenThumb software optimizes growing conditions and aims to reduce food miles, further supporting its sustainability mission [6] Industry Recognition - The company has been recognized as a FoodTech 500 firm by Forward Fooding and is a member of Walmart's Project Gigaton sustainability initiative [7] - Edible Garden develops and markets a range of nutrition and specialty food products, including plant and whey protein powders, as well as sustainable condiments [8]

Core Insights - Edible Garden AG Incorporated has been awarded the Silver Award in Sustainability Leadership at NRG Energy's 6th Annual Excellence in Energy Awards, recognizing its commitment to sustainable agriculture and energy efficiency [1][2][3] Company Overview - Edible Garden is a leader in controlled environment agriculture (CEA), providing sustainable, locally grown organic produce through its Zero-Waste Inspired® farming model, available in over 5,000 retail locations across the U.S., Caribbean, and South America [4] - The company operates vertically integrated greenhouses and processing facilities in Belvidere, NJ; Grand Rapids, MI; and Webster City, IA, focusing on resource efficiency and waste reduction [3][4] Sustainability Initiatives - The company’s Zero-Waste Inspired® mission emphasizes resource efficiency and waste reduction, supported by patented technologies such as the GreenThumb 2.0 software, which optimizes growing conditions and reduces energy usage [3][5] - Edible Garden's Self-Watering display is designed to extend plant shelf life and enhance in-store presentation, contributing to its sustainability goals [5] Recognition and Partnerships - Edible Garden has been recognized as a FoodTech 500 firm and is a Giga Guru member of Walmart's Project Gigaton sustainability initiative, highlighting its role in advancing sustainable practices in the food industry [6] - The company develops a range of nutrition and specialty food products, including plant and whey protein powders, and sustainable condiments, further diversifying its product offerings [6]

Core Insights - Edible Garden AG Incorporated has been awarded the Silver Award in Sustainability Leadership at NRG Energy's 6th Annual Excellence in Energy Awards, recognizing its commitment to sustainable agriculture and energy efficiency [1][2][3] Company Overview - Edible Garden is a leader in controlled environment agriculture (CEA), providing locally grown organic produce through its Zero-Waste Inspired® farming model, available in over 5,000 retail locations across the U.S., Caribbean, and South America [4] - The company operates state-of-the-art vertically integrated greenhouses and processing facilities in Belvidere, NJ; Grand Rapids, MI; and Webster City, IA, focusing on resource efficiency and waste reduction [4][5] Sustainability Initiatives - The company's Zero-Waste Inspired® mission emphasizes resource efficiency and waste reduction, supported by patented technologies such as the GreenThumb 2.0 software and Self-Watering displays [3][5] - GreenThumb 2.0 software optimizes growing conditions and reduces energy usage, while the Self-Watering display extends plant shelf life and enhances in-store presentation [5] Recognition and Partnerships - Edible Garden has been recognized as a FoodTech 500 firm and is a Giga Guru member of Walmart's Project Gigaton sustainability initiative, highlighting its role in advancing sustainable practices in the food industry [6]

Core Viewpoint - Edible Garden AG Incorporated (EDBL) is facing significant financial challenges despite a strategic shift towards consumer packaged goods, as evidenced by its earnings report and revenue performance [2][3][6] Financial Performance - EDBL reported an earnings per share (EPS) of -$1.38 for Q3 2025, missing the estimated EPS of -$0.51, indicating ongoing financial difficulties [2][6] - The company's actual revenue for Q3 2025 was $2.82 million, below the estimated $3.88 million, although it represented a 9% increase compared to the same period in 2024 [3][6] - Sales of non-perishable consumer packaged goods (CPG) units surged by 49.3% year-over-year, highlighting growth potential despite overall revenue shortfalls [3][6] Financial Metrics - EDBL's enterprise value to operating cash flow ratio is negative at around -0.58, suggesting challenges in generating cash flow from operations [4] - The earnings yield is also negative at approximately -3.66%, further indicating the company's unprofitability [4] - The company maintains a low debt-to-equity ratio of approximately 0.25, suggesting manageable debt levels, but the current ratio of about 0.80 indicates potential difficulties in covering short-term liabilities [5]

Financial Data and Key Metrics Changes - Revenue for Q3 2025 increased by 9% year-over-year to $2.8 million, compared to $2.6 million in Q3 2024, driven by strong performance in the shelf-stable product portfolio [14][7] - Gross profit totaled approximately $0.3 million, down from $0.7 million in the prior year, due to higher labor, freight, and raw material costs [14] - Net loss for the quarter was $4 million, compared to a net loss of $2.1 million in Q3 2024 [15] Business Line Data and Key Metrics Changes - The shelf-stable product portfolio grew by 54% year-over-year in Q3, with notable brands like KICK Sports Nutrition, Vitamin Way, Pulp, and Pickle Party contributing to this growth [14][7] - Core herb portfolio saw significant growth, with Hydrobasil up 21% and Wheatgrass up 59% year-over-year [14] Market Data and Key Metrics Changes - The functional food and beverage market is projected to grow from approximately $400 billion to $610 billion by 2030, indicating a strong market opportunity for the company [9] - In the U.S., sales of natural, organic, and functional products are expected to reach $386 billion by 2028, reinforcing the company's strategic alignment with market trends [9] Company Strategy and Development Direction - The company is evolving towards a consumer packaged goods (CPG) model, focusing on non-perishable product expansion and higher-value branded portfolio [7] - Strategic partnerships with major retailers like Kroger and Fresh Market are being strengthened, expanding the company's retail footprint [8] - The company is pursuing new categories such as nutraceuticals, sustainable proteins, and functional foods, guided by a zero-waste approach [12] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's positioning for continued growth, emphasizing disciplined execution and product innovation [13] - The current political environment is pushing for less processed foods, creating opportunities for the company to align with consumer demand for clean-label products [28] Other Important Information - The company has refinanced its outstanding debt, securing lower interest rates and more favorable terms, which is expected to reduce annual interest expenses [15] - The company ended the quarter with $0.8 million in cash and equivalents, down from $3.5 million at year-end 2024 [15] Q&A Session Summary Question: Utilization of the Natural Shrimp facility - Management discussed the facility's impressive location and its potential for R&D on next-generation products, including nutraceuticals and food [22][24] Question: Opportunities with grocery stores - Management confirmed that major grocery chains like ShopRite, Kroger, and Fresh Market represent significant opportunities moving into 2026, driven by demand for clean-label products [27][28] Question: Margin related to private label products - Management indicated that while private label products may have lower margins, they provide volume and long-term relationships with major retailers, which are crucial for business growth [31][32]

Financial Data and Key Metrics Changes - Revenue for Q3 2025 increased by 9% year-over-year to $2.8 million, up from $2.6 million in Q3 2024, driven by strong performance in the shelf-stable product portfolio [14][7] - Gross profit totaled approximately $0.3 million, down from $0.7 million in the prior year, reflecting higher labor, freight, and raw material costs [14] - Net loss increased to $4 million from a net loss of $2.1 million in Q3 2024 [15] Business Line Data and Key Metrics Changes - The shelf-stable product portfolio grew by 54% year-over-year in Q3 2025, with notable growth in brands such as KICK Sports Nutrition, Vitamin Way, Pulp, and Pickle Party [14][7] - Core herb portfolio saw growth with Hydrobasil up 21% and Wheatgrass up 59% year-over-year [14] Market Data and Key Metrics Changes - The functional food and beverage market is projected to grow from approximately $400 billion to $610 billion by 2030, indicating a significant opportunity for the company [9] - In the U.S., sales of natural, organic, and functional products are expected to reach $386 billion by 2028, reinforcing the company's strategic alignment with market trends [9] Company Strategy and Development Direction - The company is evolving towards a consumer packaged goods (CPG) model, focusing on non-perishable product expansion and higher-value branded portfolio [7] - Plans to pursue new categories including nutraceuticals, sustainable proteins, and functional foods, guided by a zero-waste approach [12][13] - The company aims to strengthen retail partnerships and advance product innovation to build long-term shareholder value [13] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's positioning for continued growth, particularly in the fourth quarter, which is traditionally a strong season [13] - The company is well-positioned to capitalize on the growing demand for clean-label, better-for-you products, with major retailers showing interest in private label collaborations [28][29] Other Important Information - The company has completed its strategic exit from the floral and lettuce categories, which is reflected in the current quarter's performance [14] - The company refinanced its outstanding debt, securing lower interest rates and more favorable terms, which is expected to reduce annual interest expenses [15] Q&A Session Summary Question: Can you talk about the build-out of the Natural Shrimp facility and its intended utilization? - Management highlighted the facility's impressive location and plans for R&D on next-generation products, with significant opportunities from major retailers [22][24] Question: Are grocery stores the largest opportunity moving into 2026? - Management confirmed that grocery chains like ShopRite, Kroger, and Fresh Market represent significant opportunities, driven by demand for clean-label products [27][28] Question: How are margins affected by private label products? - Management indicated that while private label may have lower margins, there are opportunities for volume contracts and deeper relationships with major retailers [31][32] Question: What is the outlook for KICK Sports Nutrition? - Management noted that KICK is gaining traction and is well-positioned to meet the growing consumer interest in plant-forward performance nutrition [10][30]

Financial Data and Key Metrics Changes - Revenue for Q3 2025 increased by 9% year-over-year to $2.8 million, compared to $2.6 million in Q3 2024, driven by strong performance in the shelf-stable product portfolio [14][15] - Gross profit totaled approximately $0.3 million, down from $0.7 million in the prior year, due to higher labor, freight, and raw material costs [15] - Net loss for the quarter was $4 million, compared to a net loss of $2.1 million in Q3 2024 [15] Business Line Data and Key Metrics Changes - The shelf-stable product portfolio grew by 54% year-over-year in Q3, with notable performance from brands like KICK Sports Nutrition, Vitamin Way, Pulp, and Pickle Party [14][15] - Core herb portfolio saw growth, with Hydrobasil up 21% and Wheatgrass up 59% year-over-year [15] Market Data and Key Metrics Changes - The functional food and beverage market is projected to grow from approximately $400 billion to $610 billion by 2030, indicating a significant opportunity for the company [10] - In the U.S., sales of natural, organic, and functional products are expected to reach $386 billion by 2028, reinforcing the company's strategic alignment with market trends [10] Company Strategy and Development Direction - The company is evolving towards a consumer packaged goods (CPG) model, focusing on non-perishable product expansion and higher-value branded portfolio [7][8] - Strategic partnerships with major retailers like Kroger and Fresh Market are being leveraged to expand the retail footprint and enhance brand visibility [9][13] - The company is pursuing new categories, including nutraceuticals and sustainable proteins, to align with its commitment to health and environmental responsibility [13] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's positioning for continued growth, emphasizing disciplined execution and product innovation [13][44] - The company is optimistic about the upcoming holiday season, traditionally a strong period for sales, and is focused on expanding its innovative product offerings [25][44] Other Important Information - The company has refinanced its outstanding debt, securing lower interest rates and more favorable terms, which is expected to reduce annual interest expenses [15] - The facility acquired from Natural Shrimp is undergoing a gap analysis for R&D on next-generation products, indicating a focus on innovation and sustainability [21][24] Q&A Session Summary Question: Utilization of the Natural Shrimp facility - Management discussed the facility's impressive capabilities and plans for R&D on nutraceuticals and food products, highlighting strong relationships with major retailers [21][24] Question: Opportunities in grocery stores for 2026 - Management confirmed that grocery chains like ShopRite, Kroger, and Fresh Market represent significant opportunities moving into 2026, driven by demand for clean-label products [27][28] Question: Margin considerations for private label products - Management indicated that while private label products may have lower margins, they provide volume and long-term contracts, which are essential for business stability [31][33]

Financial Performance - Revenue for the three months ended September 30, 2025, was $2.8 million, a 9% increase from $2.6 million in the same period of 2024, attributed to strong performance in shelf-stable product lines [169]. - Cost of goods sold increased to $2.5 million in Q3 2025 from $1.9 million in Q3 2024, leading to a gross profit decrease from $699,000 to $273,000 [168]. - Selling, general and administrative expenses rose significantly to $3.8 million in Q3 2025, compared to $2.2 million in Q3 2024 [168]. - The net loss for the three months ended September 30, 2025, was $4.0 million, compared to a net loss of $2.1 million in the same period of 2024 [168]. - Revenue decreased by $1.3 million, or 13%, to $8.7 million for the nine months ended September 30, 2025, compared to $10.0 million for the same period in 2024, primarily due to the strategic exit from the floral and lettuce categories [176]. - SG&A expenses for the nine months ended September 30, 2025, were $11.1 million, an increase of $2.3 million, or 26%, compared to $8.8 million for the same period in 2024 [178]. - Loss from operations for the nine months ended September 30, 2025, was $10.1 million, compared to $6.5 million for the same period in 2024 [179]. - Net loss for the nine months ended September 30, 2025, was $11.4 million, compared to a net loss of $8.0 million for the same period in 2024 [181]. Cash Flow and Financing - As of September 30, 2025, the company had $0.8 million in cash and cash equivalents, down from $3.5 million as of December 31, 2024 [186]. - The company raised $3.3 million via a warrant inducement and $3.0 million from the sale of preferred stock during the nine months ended September 30, 2025 [186]. - Cash used for operating activities increased to $9.1 million in the nine months ended September 30, 2025, compared to $6.8 million in the same period of 2024, primarily due to an increase in net loss and a reduction in accounts payable [196]. - Cash used in investing activities rose to $0.5 million for the nine months ended September 30, 2025, up from $0.2 million in 2024, attributed to lower normal course of business purchases [197]. - Cash provided by financing activities decreased to $7.0 million in the nine months ended September 30, 2025, from $8.6 million in 2024, due to debt repayment and the absence of public stock offerings in 2025 [198]. - The company raised $3.0 million from the sale of preferred stock in 2025, contributing to higher cash flows from its equity distribution agreement [198]. Operational Initiatives - The company has developed patented software, GreenThumb, to enhance traceability and quality control in its supply chain [151]. - The company utilizes a closed-loop system in its greenhouses, which recycles water and reduces resource consumption compared to conventional farming methods [150]. - The company is focusing on expanding its brand "Edible Garden" to develop new consumer products, including sauces and flavor enhancers [154]. - The company has implemented a web-based greenhouse management system that integrates real-time sales data and inventory management [157]. - The company is committed to sustainability, utilizing LED lights and recycling water to minimize its carbon footprint compared to traditional farming [153]. Cost Analysis - Cost of goods sold increased by $0.7 million, or 37%, to $2.5 million for the three months ended September 30, 2025, compared to $1.9 million for the same period in 2024 [170]. - Selling, general and administrative expenses (SG&A) rose by $1.6 million, or 73%, to $3.8 million for the three months ended September 30, 2025, compared to $2.2 million for the same period in 2024 [171]. - Loss from operations increased to $3.6 million for the three months ended September 30, 2025, compared to a loss of $1.5 million for the same period in 2024 [172].

Core Insights - Edible Garden AG Incorporated reported a 9% revenue growth in Q3 2025, reaching $2.8 million, driven by a strategic shift towards a consumer packaged goods (CPG) model and expansion into shelf-stable product categories [2][7][4] - The company experienced significant growth in non-perishable unit sales, which increased approximately 49.3% year-over-year, and international vitamin and supplements revenue rose by 90.2% [6][4] - The strategic transformation is expected to enhance the company's market penetration and growth, particularly in the fourth quarter, which is historically the strongest period for Edible Garden [2][4] Financial Performance - Revenue for Q3 2025 was $2.8 million, up from $2.6 million in Q3 2024, primarily due to strong performance in shelf-stable products [7][4] - Gross profit decreased to approximately $0.3 million from $0.7 million in the prior-year quarter, attributed to higher costs and inflationary pressures [8] - Selling, general, and administrative expenses rose to $3.8 million from $2.2 million, mainly due to increased depreciation and legal expenses [9] Product and Market Expansion - The company expanded its distribution network, including partnerships with Kroger and The Fresh Market, and increased its international presence through partners like PriceSmart and Amazon [4][2] - The product portfolio now includes brands such as Kick. Sports Nutrition, Pickle Party™, Pulp®, and Vitamin Whey®, which are expected to drive continued momentum and margin improvement [4][6] - Hydroponic Basil sales increased by 28.6%, Potted Herbs by 22.6%, and Wheatgrass by 59.2% year-over-year, indicating strong demand for fresh produce [6][4] Strategic Initiatives - The acquisition of NaturalShrimp's assets is anticipated to enhance vertical integration and sustainable aquaculture capabilities, aligning with the company's mission [4] - The company is focused on health-oriented product development and aims to build a stronger platform for scale, positioning itself as a next-generation sustainable food company [4] - Edible Garden's strategic exit from floral and lettuce categories is now complete, reflecting the strength of its repositioned portfolio [7]

Core Insights - Edible Garden AG Incorporated reported a 9% year-over-year revenue growth for Q3 2025, reaching $2.8 million, driven by a strategic shift towards a consumer packaged goods (CPG) model and expansion into shelf-stable product categories [2][6][4] - The company experienced significant growth in non-perishable unit sales, which increased approximately 49.3% year-over-year, alongside a 90.2% rise in international vitamin and supplements revenue [5][6] - The company is optimistic about future growth, believing that the most challenging phase of its transformation is behind, positioning itself for long-term sustainable profitability [4][6] Financial Performance - Revenue for Q3 2025 was $2.8 million, up from $2.6 million in Q3 2024, primarily due to strong performance in shelf-stable products [6] - Gross profit decreased to approximately $0.3 million from $0.7 million in the prior-year quarter, attributed to higher costs and inflationary pressures [7] - Selling, general and administrative expenses rose to $3.8 million from $2.2 million year-over-year, mainly due to increased depreciation and associated costs from recent asset acquisitions [8] Strategic Developments - The company expanded its distribution network, including partnerships with Kroger and The Fresh Market, and increased its international presence through collaborations with PriceSmart and Amazon [4] - The acquisition of NaturalShrimp's assets is expected to enhance vertical integration and sustainable aquaculture capabilities, aligning with the company's mission [4] - Edible Garden's CPG-focused strategy allows for expansion beyond fresh produce into branded shelf-stable offerings, catering to the growing demand for clean-label and functional foods [4][5] Product Performance - Hydroponic Basil sales increased by 28.6%, Potted Herbs by 22.6%, and Wheatgrass by 59.2% year-over-year, indicating strong consumer demand in these categories [5] - The company's portfolio includes brands like Kick. Sports Nutrition, Pickle Party™, Pulp®, and Vitamin Whey®, which are driving momentum and expected to contribute to margin improvement [4][5]