Arcadia Biosciences (RKDA) Q2 Earnings Miss, Increase Y/Y
Arcadia Biosciences(RKDA) ZACKS·2024-08-15 00:06
Arcadia Biosciences (RKDA) reported adjusted earnings of 78 cents per share in the second quarter of 2024, which missed the Zacks Consensus Estimate of $1.27. RKDA reported an adjusted loss of $2.64 per share in the second quarter of 2023. During the quarter, Arcadia sold its GoodWheat brand to Above Food Corp. for net payments of $4 million over the next three years. The brand was launched in 2018 to help increase the amount of fiber in food items using Arcadia's patented non-GMO wheat grain, which is natu ...