Arcadia Biosciences, Inc. (RKDA) Q3 2023 Earnings Call Transcript


Arcadia Biosciences, Inc. (NASDAQ:RKDA) Q3 2023 Earnings Conference Call November 9, 2023 4:30 PM ET

Company Participants

T.J. Schaefer – Chief Financial Officer

Stan Jacot – President and Chief Executive Officer

Conference Call Participants

Dipesh Patel – H.C. Wainwright & Co

Ben Klieve – Lake Street Capital Markets

Operator

Good afternoon and welcome to Arcadia Biosciences Third Quarter 2023 Financial Results and Business Highlights Conference Call. [Operator Instructions] Please be advised that today’s conference is being recorded. I would now like to hand the conference over to T.J. Schaefer, Chief Financial Officer at Arcadia. Please go ahead.

T.J. Schaefer

Thank you, and good afternoon. Joining me on the call today is Stan Jacot, Arcadia’s President and Chief Executive Officer. This call is being webcast, and you can refer to the company’s press release at arcadiabio.com.

Before we start, we would like to remind you that Arcadia Biosciences will be making forward-looking statements on this call based on current expectations and currently available information. However, since these statements are based on factors that involve risks and uncertainties, the company’s actual performance and results may differ materially from those described or implied today. You can review the company’s safe hard language in our most recently filed 10-Q.

With that, I will now turn the call over to Stan.

Stan Jacot

Good afternoon, everyone. Thank you for joining us today for our 2023 third quarter conference call. I am pleased to report that Arcadia continues to make excellent progress in executing Project Greenfield, our 3-year strategic plan to unlock the company’s potential and provide a path to profitability.

GoodWheat pasta and pancake mixes and Zola Coconut Water adds more than 1,000 stores of distribution in Q3 resulting in revenue growth from continued operations of 20% compared to last quarter. And we are operating with a



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