Q2 2025 Edible Garden AG Inc Earnings Call Transcript
Key Points
- Edible Garden AG Inc (EDBL) reported a 19.1% year-over-year growth in private label products sold through major big box retailers, driven by expanded retail programs and strong consumer demand for sustainably grown products.
- The company successfully launched its Kick Sports Nutrition line on Amazon, expanding its digital marketing reach and strengthening direct-to-consumer engagement.
- International revenue grew by 66.5% due to new distribution partnerships and expanded retail placements in key global markets.
- The acquisition of NaturalShrimp aquaculture in Iowa, now Edible Garden Prairie Hills, enhances R&D capabilities, supports year-round production, and includes patented water treatment technologies.
- Edible Garden AG Inc (EDBL) is strategically positioned to capture market share in the growing functional food and beverage market, projected to expand significantly by 2030.
- Revenue for the second quarter decreased to $3.1 million from $4.3 million in the same period last year, primarily due to the strategic exit from the floral and lettuce categories.
- Gross profit declined to $634,000 from $1.6 million in Q2 of the previous year, impacted by changes in product mix and lower sales volume.
- Selling, general, and administrative expenses increased to $4.2 million from $2.7 million last year, driven by expenses related to acquisitions and increased labor and raw material costs.
- Net loss for the quarter widened to $4 million compared to $1.9 million in the same period last year, largely due to higher SG&A expenses.
- The company experienced some softness in the condiments business and a transition period affecting legacy vitamin whey products, contributing to the revenue shortfall.
Good morning, everyone, and welcome to the Edible Garden Incorporated 2025 second-quarter business update conference call. (Operator Instructions) Please note this conference is being recorded.
I will now turn the conference over to your host, Ted Ayvas of Crescendo Communications.
Ted, the floor is yours.
Thanks, Jenny. Good morning, and thank you for joining Edible Garden's Second Quarter 2025 Earnings Conference Call and Business Update. On the call with us today are Jim Kras, Chief Executive Officer of Edible Garden; and Kostas Dafoulas, Interim Chief Financial Officer of Edible Garden.
Earlier this morning, the company announced its operating results for the 3 months ended June 30, 2025. The press release is posted on the company's website, www.ediblegarden.com. I'm sorry, www.ediblegardenag.com. In addition, the company will file its quarterly report on Form 10-Q with the U.S.
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