APPH - AppHarvest GAAP EPS of -$0.28 beats by $0.01 revenue of $4.36M misses by $1.74M

• AppHarvest press release ( NASDAQ: APPH ): Q2 GAAP EPS of -$0.28 beats by $0.01 .
• Revenue of $4.36M (+38.9% Y/Y) misses by $1.74M .
• The company expects to be closer to the lower end of its guidance range and tightened its full-year 2022 net sales outlook to $20M to $25M vs. consensus of $26.6M. The company continues to expect that its three new farms will be operational by the end of 2022.
• The company also updated its full-year 2022 outlook for Adjusted EBITDA to the range of a loss of $80M to $85M, reflecting adjustments to the net sales outlook and higher cost of goods driven by supply chain delays and other inflationary impacts.

For further details see: