EDBL Earnings Prediction
The chart below shows how EDBL performed 10 days before and after its earnings report, based on data from the past quarters. Typically, EDBL sees a -2.01% change in stock price 10 days leading up to the earnings, and a -33.97% change 10 days following the report. On the earnings day itself, the stock moves by +11.80%. This data can give you a slight idea of what to expect for the next quarter's release.
EDBL Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
2.58M
-21.44%
-39.46%
Gross Margin
26.63%
7297.22%
-27.42%
Operating Margin
-57.66%
-20.15%
108.23%
Net Margin
-79.84%
8.02%
76.36%
EPS
-0.65
-95.31%
-46.28%
No Data Available
EDBL Earnings Analysis
Edible Garden AG Incorporated Common Stock Corporation (EDBL.O) Earnings Conference Call
Positive
Increase of $687,000 in gross profit for Q3 2024 compared to the same period last year.
Gross profit margin reached 27.1% this quarter, reflecting significant growth.
Gross profit for the first nine months of 2024 surged by $1.7 million, a 324% increase over prior year.
55% increase in sales of cut herbs for the first nine months of 2024 compared to 2023.
Raised approximately $5.65 million in gross proceeds from the September S1 offering, part of which was used to pay down $3.2 million in debt.
Negative
Revenue decreased to $2.6 million in Q3 2024 from $3 million in Q3 2023, a decline of $400,000 or approximately 13.3%.
Net loss for Q3 2024 was $2.1 million, compared to a net loss of $2.4 million in Q3 2023, indicating ongoing financial struggles despite a smaller loss.
The strategic decision to eliminate lower-margin products resulted in a revenue decrease of $597,000, highlighting the negative impact of this shift on overall sales.
The impact of Hurricane Helene caused a revenue shift of $215,000 from Q3 to Q4 2024, indicating vulnerability to external factors affecting sales.
Selling, general and administrative expenses were $2.2 million in Q3 2024, which, while lower than the previous year, still reflect significant operational costs amidst declining revenues.
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EDBL Earning Call Sentiment
Edible Garden AG Incorporated (EDBL) Q3 2024 Earnings Call Transcript
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00:00
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EDBL.O
-6.47%Positive
The earnings call highlights significant improvements in gross profit and margin, strategic partnerships with Walmart, and optimistic future growth projections. Despite a revenue decline, the shift to higher-margin products and debt reduction efforts are positive signals. The Q&A session indicates confidence in handling demand and future growth, although some responses were vague. Overall, the strategic shift and improved financial health, alongside positive guidance, suggest a positive stock price movement.
