Arcadia Biosciences, Inc. Reports Earnings Results for the Full Year Ended December 31, 2023
March 28, 2024 at 05:21 pm EDT
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Arcadia Biosciences, Inc. reported earnings results for the full year ended December 31, 2023. For the full year, the company reported revenue was USD 5.33 million compared to USD 7.42 million a year ago. Net loss was USD 13.98 million compared to USD 15.38 million a year ago.
Basic loss per share from continuing operations was USD 10.64 compared to USD 17.67 a year ago.
Arcadia Biosciences, Inc. is a producer and marketer of plant-based food and beverage products. The Company is engaged in developing crop improvements, primarily in wheat, designed to enhance farm economics by improving the performance of crops in the field, as well as their value as food ingredients. The Company is using non-genetically modified (non-GMO) advanced breeding techniques to develop products. Its product portfolio includes GoodWheat Pasta, GoodWheat Pancakes and Waffle Mixes, GoodWheat Mac and Cheese, Zola Coconut Water, and GoodWheat Wheat Traits. Its GoodWheat pasta has five varieties of penne, spaghetti, fettuccine, elbows, and rotini. Its GoodWheat pancake and waffle mixes are sold in resealable, multi-serve pouches, and mixes are available in three varieties, including buttermilk, chocolate chip and apple cinnamon. It operates under Saavy Naturals, Soul Spring, and ProVault brands. ProVault, is a THC-free CBD sports performance formula made with natural ingredients.
ARCADIA BIOSCIENCES, INC. 
