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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.
The business is unprofitable at the operating level (-123.34% margin). The thesis depends entirely on whether and when it reaches sustainable profitability.
Revenue declined 7.6% YoY. Margins deteriorated 56.4pp alongside, both lines moving the wrong way.
Negative free cash flow of -$12M. The business is consuming cash, not generating it. Operating margin contracted 56.4pp YoY, cost discipline may be slipping.
Profitability & Returns
Revenue (TTM)
$13M
▼ -7.6% YoY
Net Income (TTM)
-$18M
▼ -56.8% YoY
Op. Margin
-145.55%
▼ -56.4pp YoY
ROIC
-131.69%
▲ +11.6pp YoY
Cash Flow & Balance Sheet
FCF (TTM)
-$9M
▼ -41.1% YoY
Op. Cash Flow (TTM)
-$8M
▼ -38.6% YoY
Net Debt
$1M
Cash & Equiv.
$2M
3Y CAGR: +3.5%
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