tiprankstipranks
Trending News
More News >

Replenish Nutrients Reports 2024 Financial Results and Business Outlook

Story Highlights
Replenish Nutrients Reports 2024 Financial Results and Business Outlook

Confident Investing Starts Here:

An announcement from EarthRenew ( (TSE:ERTH) ) is now available.

Replenish Nutrients has reported its 2024 full-year and fourth quarter financial results, highlighting a decrease in revenues and sales volumes but an improvement in gross profit margins and adjusted EBITDA. The company anticipates increased revenues and cash flows with the full-scale production ramp-up at its Beiseker facility by mid-2025. Despite challenges, Replenish Nutrients has secured financing of approximately $5.6 million to support facility upgrades and settle trade payables, reflecting confidence in its regenerative fertilizer products. The company remains optimistic about its position in the Canadian agriculture market, emphasizing its commitment to using Canadian-sourced materials and supporting local supply chains.

Spark’s Take on TSE:ERTH Stock

According to Spark, TipRanks’ AI Analyst, TSE:ERTH is a Underperform.

EarthRenew’s overall score reflects significant financial struggles, marked by declining revenues and profitability challenges. The technical indicators suggest a bearish trend, and a negative P/E ratio signals ongoing financial difficulties. Without earnings call data or recent corporate events to provide additional insights, the overall outlook remains cautious, necessitating strategic improvements to enhance financial health and stock performance.

To see Spark’s full report on TSE:ERTH stock, click here.

More about EarthRenew

Replenish Nutrients specializes in manufacturing and selling proprietary fertilizer products that contain essential macro and micro nutrients, as well as biological material. The company employs a proprietary zero-waste manufacturing process and is a wholly-owned subsidiary.

YTD Price Performance: 133.33%

Average Trading Volume: 18,733

Technical Sentiment Signal: Hold

Current Market Cap: $8.2M

Find detailed analytics on ERTH stock on TipRanks’ Stock Analysis page.

Disclaimer & Disclosure

Looking for a trading platform? Check out TipRanks' Best Online Brokers , and find the ideal broker for your trades.

Report an Issue

Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App