Arcadia Biosciences (RKDA) Q2 Earnings Miss, Increase Y/Y
RKDAArcadia 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.RKDAreportedanadjustedlossof1.27. 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 ...