Farmers Edge Inc
TSX:FDGE

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Farmers Edge Inc
TSX:FDGE
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Price: 0.35 CAD Market Closed
Market Cap: 14.7m CAD

Farmers Edge Inc
Investor Relations

Farmers Edge, Inc. provides soil, seed, manure and tissue analysis for farmers. The company is headquartered in Winnipeg, Manitoba. The company went IPO on 2021-03-03. The firm provides digital tools to growers and other key participants in the agricultural value chain. The firm provides its own technological innovations, spanning hardware, software and services. By combining of connected field sensors, artificial intelligence and big data analytics, the Company’s digital platform turns data into actions and insights, delivers value to all stakeholders of the agricultural ecosystem. The firm's technology platform, FarmCommand, integrates remote imagery from satellites with other data sources, including equipment and field sensors, on-farm weather stations, and detailed soils data to provide growers with specific decision tools and insights on their fields. Growers may also access the Company’s e-commerce platform to purchase the Company’s suite of solution products and other crop inputs available through this online marketplace.

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FDGE
S&P TSX Composite Index (Canada)

Earnings Calls

2023 Q3
Nov 9, 2023
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Farmers Edge Shows Improved Cash Flow and Strategic Partnerships for Growth
2023 Q3
Nov 9, 2023

In Q3 2023, Farmers Edge reported a 30% increase in adjusted EBITDA and a 12% reduction in free cash flow deficiency, signaling effective cost-cutting measures. Expenses have halved compared to 2022. The firm aims to reverse its acre loss through partnerships, notably with Claro Embratel, targeting an addition of 600,000 acres in 2024. While annual recurring revenue fell to $19.4 million, the price per acre rose by 16%. By 2024, the company expects its cash burn to drop significantly to under $50 million, positioning itself for potential growth and sustainable revenue in the coming years.

Management

Mr. Vibhore Arora
CEO & Director
No Bio Available
Mr. Jay Jung
Vice President of Finance
No Bio Available
Mr. Trevor Armitage
Chief Operating Officer
No Bio Available
Mr. Manoj Regmi
Vice President of Technology
No Bio Available
Laura Workman
General Counsel & Corporate Secretary
No Bio Available
Ms. Colleen Coates
Executive Vice President of People & Culture
No Bio Available
Mr. Matt Hesse
Executive Vice President of Global Operations
No Bio Available

Contacts

Address
MANITOBA
Winnipeg
25 Rothwell Road
Contacts
+12044523131.0
www.farmersedge.ca