Replenish Nutrients Reports 2024 Financial Results and Business Outlook

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.