Earnings Call Summary | Edible Garden(EDBL.US) Q1 2024 Earnings Conference
Earnings Call Summary | Edible Garden(EDBL.US) Q1 2024 Earnings Conference
The following is a summary of the Edible Garden AG Incorporated (EDBL) Q1 2024 Earnings Call Transcript:
以下是Edible Garden AG Incorporated（EDBL）2024年第一季度财报电话会议记录摘要：
Financial Performance:
财务业绩：
Edible Garden reported Q1 2024 revenue of $3.1 million, a year over year increase of 27.6%.
Gross profit margin rose by 171 basis points, primarily due to the shift from third-party growers to in-house production.
Selling, General, and Administrative expenses increased mainly due to a one-time $600,000 charge related to the departure of the previous CFO.
The company suffered a net loss of $4 million.
Edible Garden报告称，2024年第一季度收入为310万美元，同比增长27.6％。
毛利率增长了171个基点，这主要是由于从第三方种植者转向内部生产。
销售、一般和管理费用增加的主要原因是与前任首席财务官离职有关的一次性60万美元费用。
该公司净亏损400万美元。
Business Progress:
业务进展：
Edible Garden expanded into Uncle Giuseppe's Marketplace, and has entered a three-year agreement with a major U.S. food retailer, expected to bring in significant revenue.
Partnerships, such as the one with Hermann Pickle Company, have been established to diversify the product offerings.
Several patents were granted to Edible Garden, including one for their web-based greenhouse management and demand planning system.
The Michigan facility now manages all production, packaging, and distribution of garden starters and spring ornamentals.
The company began shipping spring ornamentals in major big box retailers in April.
Edible Garden was awarded several grants related to organic crop certification and training costs at their greenhouse facilities.
They continue to perform well operationally with significant growth in their cut herbs and potted business.
Positive future outlook with growing retail network, diverse product offerings, and stringent cost management.
Edible Garden扩展到朱塞佩叔叔的市场，并与一家大型美国食品零售商签订了为期三年的协议，预计将带来可观的收入。
已经建立了合作伙伴关系，例如与赫尔曼泡菜公司的合作伙伴关系，以实现产品供应的多样化。
Edible Garden获得了多项专利，其中包括一项针对其基于网络的温室管理和需求规划系统的专利。
密歇根工厂现在负责管理花园开胃菜和春季观赏植物的所有生产、包装和分销。
该公司于4月开始在主要的大型零售商处运送春季装饰品。
Edible Garden获得了多项与有机作物认证和温室设施培训费用有关的补助金。
他们的业务继续表现良好，切草药和盆栽业务显著增长。
不断增长的零售网络、多样化的产品供应和严格的成本管理，未来前景乐观。
More details: Edible Garden IR
更多详情： 食用花园 IR
Tips: For more comprehensive details, please refer to the IR website. The article is only for investors' reference without any guidance or recommendation suggestions.
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译文内容由第三方软件翻译。