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APPH - AppHarvest GAAP EPS of -$0.30 beats by $0.01 revenue of $5.2M misses by $0.2M
AppHarvest Inc.
AppHarvest press release (NASDAQ:APPH): Q1 GAAP EPS of -$0.30 beats by $0.01. Revenue of $5.2M (+126.1% Y/Y) misses by $0.2M. Reaffirms FY net sales outlook of $24.0 to $32M more than double 2021 net sales, and non-GAAP Adjusted EBITDA loss expectation in the range of $70 to $80M. Farm network expansion to quadruple high-tech facilities this year diversifying produce portfolio.