Farmers Edge Reports First Quarter 2021 Results
WINNIPEG, Manitoba–(BUSINESS WIRE)–Farmers Edge Inc. (“Farmers Edge” or the “Company”) (TSX: FDGE), a Winnipeg-based pure-play digital agriculture company reported its financial results for the three months ended March 31st, 2021. All amounts are expressed in Canadian dollars. Certain metrics are non-IFRS measures or key performance indicators. See “Non-IFRS Financial Measures and Key Performance Indicators” below.
Quarterly revenue of $9.9 million, an increase of 34% over 2020 comparative period.
EBITDA per Subscribed Acre improved by 65% as Company realizes economies of scale and lowers costs.
Reduced EBITDA Loss by 50% and improved Free Cash Flow deficiency to $10.3 million.