Edible Garden AG Inc (EDBL) Form 10-Q — May 15, 2026
Edible Garden AG reported a net loss of $3.7 million for the first quarter of 2026, driven by a $6.7 million operating loss despite a 22.9% revenue increase to $3.3 million. The company disclosed substantial doubt about its ability to continue as a going concern, citing limited capital resources and a history of operating losses that will require additional financing to sustain operations through the next twelve months. To maintain Nasdaq listing compliance, the company effected a 1-for-10 reverse stock split in February 2026, following several previous reverse splits.
Key figures
- Revenue
- 3341000
- Total Debt
- 2700000
- Revenue Yoy
- 22.9%
- Cash Position
- 2000000
- Operating loss
- 6700000
- Shares outstanding
- 5469314
- Reverse split ratio
- 1:10
- Tax credit sale proceeds
- 3100000
- Streeterville note principal
- 1600000
Price after filing
Close on the filing date to close N calendar days later (from $0.41). Historical, not a forecast.
AI analysis
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