Edible Garden (NASDAQ:EDBL) Third Quarter 2022 Results
Key Financial Results
Revenue: US$2.75m (up 13% from 3Q 2021).
Net loss: US$2.07m (loss widened by 88% from 3Q 2021).
US$0.24 loss per share.
All figures shown in the chart above are for the trailing 12 month (TTM) period
Edible Garden Revenues and Earnings Beat Expectations
Revenue exceeded analyst estimates by 6.1%. Earnings per share (EPS) also surpassed analyst estimates by 7.7%.
Looking ahead, revenue is forecast to grow 14% p.a. on average during the next 3 years, compared to a 2.5% growth forecast for the Food industry in the US.
The company's shares are down 19% from a week ago.
We should say that we've discovered 5 warning signs for Edible Garden (4 are a bit unpleasant!) that you should be aware of before investing here.
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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
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