EDBLWHIGH SIGNALFINANCIAL10-K

EDBLW experienced a dramatic operational deterioration with gross profit swinging from $2.3M positive to -$204K negative while net losses expanded 57% to $17.3M despite significant equity infusion.

The company has shifted from generating positive gross margins to losing money on every sale, indicating severe operational problems or pricing pressures that threaten the fundamental business model. While the balance sheet was strengthened through what appears to be an equity raise (stockholders equity up 205%), the underlying business performance has deteriorated catastrophically with operating losses expanding 70%.

Comparing 2026-03-31 vs 2025-04-01View on EDGAR →
FINANCIAL ANALYSIS

The financial picture reveals a company in severe operational distress masked by emergency capital infusion. While cash increased 255% and stockholders equity more than tripled (likely from equity financing), core operations collapsed with gross profit turning negative for the first time and operating cash flow deteriorating 39% to -$11.8M. The combination of massive loss expansion, negative gross margins, and deteriorating cash flows despite fresh capital suggests fundamental business model problems that may require immediate strategic restructuring.

FINANCIAL STATEMENT CHANGES
Cash & Equivalents
Balance Sheet
+254.8%
$31K$110K

Cash position surged 254.8% — strong cash generation or capital raise providing significant financial cushion.

Stockholders Equity
Balance Sheet
+205.3%
$4.1M$12.5M

Equity base grew 205.3% — retained earnings accumulation or equity issuance strengthening the balance sheet.

Capital Expenditure
Cash Flow
+110.6%
$303K$638K

Capital expenditure jumped 110.6% — major investment cycle underway; assess returns on deployment.

Gross Profit
P&L
-108.8%
$2.3M-$204K

Gross margin compression — rising input costs, pricing pressure, or unfavorable product mix shift.

Total Assets
Balance Sheet
+72.9%
$11.9M$20.6M

Asset base grew 72.9% — expansion through organic growth, acquisitions, or capital deployment.

Operating Income
P&L
-70.4%
-$9.3M-$15.8M

Operating income deteriorated sharply — investigate whether driven by one-time charges or structural cost issues.

Net Income
P&L
-56.8%
-$11.1M-$17.3M

Net income declined 56.8% — review whether driven by operations, interest costs, or non-recurring items.

Operating Cash Flow
Cash Flow
-38.6%
-$8.5M-$11.8M

Operating cash flow fell 38.6% — earnings quality concerns; investigate working capital changes and non-cash items.

SG&A Expense
P&L
+34.6%
$11.6M$15.6M

SG&A up 34.6% — significant increase in sales or administrative costs, monitor impact on operating leverage.

Total Debt
Balance Sheet
-33.3%
$2.5M$1.7M

Debt reduced 33.3% — deleveraging strengthens balance sheet and reduces financial risk.

LANGUAGE CHANGES
NEW — 2026-03-31
PRIOR — 2025-04-01
ADDED
As of March 23, 2026, the registrant had 913,756 shares of Common Stock, $0.0001 par value per share, outstanding.
Business Overview Edible Garden is a controlled environment agriculture ("CEA") farming company.
We operate glass, hydroponic, and vertical greenhouse structures that enable us to grow organic herbs consistently year-round while using less land, less energy, and less water than conventional agriculture.
Our facilities utilize "closed loop" irrigation systems that recollect and reuse drain water including water recycled through reverse osmosis reducing overall water consumption and helping conserve natural resources.
Our operations are supported by GreenThumb , our proprietary patented greenhouse management and demand-planning software (U.S.
+7 more — sign up free →
REMOVED
As of March 14, 2025, the registrant had 1,436,734 shares of Common Stock, $0.0001 par value per share, outstanding.
Business Overview Edible Garden is a controlled environment agriculture ( CEA ) farming company.
We use the controlled environment of traditional greenhouse structures, such as glass greenhouses, together with hydroponic and vertical greenhouses to sustainably grow organic herbs.
Our controlled greenhouse facilities allow us to grow consistent quality herbs year-round, first by eliminating some of the variability of outdoor farming with our CEA techniques, and second by leveraging our proprietary software, GreenThumb.
In addition to using hydroponic and vertical greenhouse systems, we use a closed loop system in our greenhouses.
+7 more — sign up free →
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