Edible Garden AG Inc (NAS:EDBL)
$ 0.154 -0.0054 (-3.39%) Market Cap: 3.01 Mil Enterprise Value: 3.12 Mil PE Ratio: 0 PB Ratio: 0.94 GF Score: 18/100
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Q3 2024 Edible Garden AG Inc Earnings Call Transcript

Nov 13, 2024 / 01:00PM GMT
Release Date Price: $0.1526 (-12.00%)
Unidentified Corporate Speaker

Claims any duty to update any of these forward-looking statements except as required by law, all forward-looking statements attributable to the company are expressly qualified in their entirety by these cautionary statements as well as others made in this conference call. You should evaluate all forward-looking statements made by the company in the context of these risks and uncertainties. Having said that I would now like to turn the call over to Jim Kras, Chief Executive Officer of Edible Garden. Jim?

Jim Kras
Edible Garden AG Inc - Chief Executive Office & Board Member

Thanks Ted, good morning and thank you to everyone for joining us today.

We are pleased to report another strong quarter highlighted by an increase of $687,000 in gross profit for Q3 2024 compared to the same period last year, our gross profit margin experienced significant growth reaching 27.1% this quarter. This significant improvement reflects the consistent margin growth that has fueled our progress in recent quarters while marginally impacting our

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