Arcadia Biosciences Earnings Call Transcripts
Fiscal Year 2025
-
Zola sales surged 90% year-over-year in Q1 2025, outpacing the coconut water category and driving a 22% revenue increase. The company exited its legacy agtech business, monetized IP, and reduced liabilities, while the Roosevelt Resources merger remains on track for completion by August.
Fiscal Year 2024
-
2024 saw a strategic refocus on Zola coconut water, driving 46% sales growth and record distribution gains, while exiting underperforming brands and monetizing legacy assets. Gross margins remained strong, and the Roosevelt Resources transaction is expected to close by Q2 2025.
-
Arcadia will issue shares to acquire Roosevelt, resulting in Roosevelt owning 90% of the combined entity. The deal enables Roosevelt to advance its large-scale CCUS and EOR project, with the company renamed Roosevelt Resources and led by Roosevelt’s management.
-
Q3 2024 saw 18% revenue growth, led by a 55% increase in Zola sales and major distribution gains. Cash burn hit historic lows, and Zola outpaced the coconut water category, with new product launches planned for next year.
-
Q2 2024 marked a strategic shift, with wheat IP monetization and GoodWheat exit fueling cost savings and a focus on Zola Coconut Water, which saw 42% sales growth. Revenues are expected to match 2023, with gross margins in the low 40s and cash burn halved.