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Bullboard - Stock Discussion Forum Farmers Edge Inc T.FDGE

Farmers Edge Inc. is a Canada-based agriculture technology company with a portfolio of technological solutions, spanning hardware, software, and services. The Company operates through two segments: digital agronomy operations and e-commerce operations. The digital agronomy operations segment offers a suite of digital agronomy solutions to growers and others in the agriculture ecosystem. The e... see more

TSX:FDGE - Post Discussion

Farmers Edge Inc > What happened here?
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Post by throwaway11 on Dec 12, 2022 2:42pm

What happened here?

I've been watching this ticker from the sidelines since IPO. Was this stock like one of these functional schemes loaded with cheap paper? Just a business that failed quickly due to lack of need or poor competitive prospects? Or what? -- would really be interested to know the basic story here.

A drop from $18 to 0.31 is... a big one.
Comment by Capharnaum on Dec 12, 2022 5:54pm
Their program which consisted of providing free equipment and software to grow customers didn't have the conversion numbers it required to turn the cashflow positive. Basically, they have a good tech but they can't generate enough revenue out of their tech to cover their costs.