Edible Garden AG Incorporated (EDBL) Q2 2024 Earnings Call Transcript Summary
Edible Garden AG Incorporated (EDBL) Q2 2024 Earnings Call Transcript Summary
Gross margin increased significantly from 13.1% in Q2 2023 to 36.7% in Q2 2024 mainly due to the shift to in-house production.The following is a summary of the Edible Garden AG Incorporated (EDBL) Q2 2024 Earnings Call Transcript:
以下是Edible Garden AG Incorporated (EDBL) 2024財年第二季度業績會簡報：
Financial Performance:
金融業績：
Edible Garden reported a 157% increase in gross profit in Q2 2024, fueled by strong growth in cut herbs (61% growth) and vitamins and supplements (30% growth).
Total revenue for Q2 2024 was $4.2 million, relatively flat compared to Q2 2023.
Gross margin increased significantly from 13.1% in Q2 2023 to 36.7% in Q2 2024 mainly due to the shift to in-house production.
Net loss per share improved from $4.83 in Q2 2023 to $1.21 in Q2 2024.
Edible Garden報告在2024年Q2中，銷售收入總額爲$420萬，與Q2 2023相比基本持平，但毛利潤增長157％，其中切碎草本植物增長了61％，維生素和補品增長了30％。
2024年Q2的總營業收入爲$420萬，與2023年Q2相比基本持平。
毛利率從2023年Q2的13.1％大幅提高到2024年Q2的36.7％，主要是由於轉向內部生產所致。
每股淨虧損從2023年Q2的$4.83改善爲2024年Q2的$1.21。
Business Progress:
業務進展：
Expanded distribution of pulp product lines through major retailers and new partnerships, enhancing brand visibility and consumer access.
Focused on high-margin segments such as sustainable USDA organic fermented gourmet sauces and vitamins/supplements.
Entered a product development partnership with Hermann Pickle Company to expand into fermented plant-based products.
通過與主要零售商和新合作伙伴拓展果漿產品線的分銷，提高品牌可見性和消費者的獲取渠道。
專注於高利潤領域，如可持續經營的有機USDA發酵美食醬和維生素/補品。
與赫曼醃菜公司建立產品開發合作伙伴關係，以擴大發酵植物基產品的市場。
Opportunities:
機會：
Further growth anticipated in the global sauces and condiments market, expected to grow to $240 billion by 2028.
Continuous improvement in vertical integration and operational efficiency to enhance margins and profitability.
預計全球醬料和調味品市場將進一步增長，預計將在2028年達到$2400億。
不斷改進垂直一體化和運營效率，提高利潤率和盈利能力。
Risks:
風險：
Management of the shift from third-party growers to in-house production requires careful execution to maintain quality and control costs.
管理從第三方種植者向內部生產的轉變需要謹慎執行，以保持質量和控制成本。
Tips: For more comprehensive details, please refer to the IR website. The article is only for investors' reference without any guidance or recommendation suggestions.
提示：如需更全面的詳情，請參閱投資人關係網站。本文僅供投資者參考，不作任何指引或建議。
譯文內容由第三人軟體翻譯。
