Edible Garden Reports Preliminary First Quarter FY24 results, With An Increase In Produce Revenues Of 40% Y/Y And Cut Herb Revenue Of More Than 200% Y/Y
Portfolio Pulse from Benzinga Newsdesk
Edible Garden reported preliminary first-quarter FY24 results, showcasing a significant increase in revenues. Produce revenues grew by 40% year-over-year, while cut herb revenues saw an impressive surge of over 200% compared to the same period last year.
April 17, 2024 | 12:03 pm
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Edible Garden's preliminary first-quarter FY24 results indicate robust revenue growth, with produce revenues increasing by 40% and cut herb revenues by over 200% year-over-year.
The substantial year-over-year revenue growth in both produce and cut herbs suggests a strong market demand and operational efficiency. This positive financial performance is likely to instill investor confidence and could lead to a short-term uptick in EDBL's stock price.
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IMPORTANCE 90
RELEVANCE 100