Arcadia Biosciences Reports Q2 2024 Financials

Overview of Arcadia Biosciences' Q2 2024 Financial Results

Arcadia Biosciences, Inc., listed on the NASDAQ as RKDA, has revealed its financial performance for the second quarter of 2024. The company, known for producing high-value food ingredients and nutritional products, reported total revenues of approximately $1.3 million. A significant portion—**90%**—of this revenue was attributed to the Zola Coconut Water brand. While there was a slight revenue decrease compared to the same quarter the previous year, Arcadia managed to achieve a gross margin of 52%.