What is The Current State of Horticulture LED Public Companies?

Most publicly-traded Indoor Ag companies will be reporting their earnings in November. Opening the season will be companies offering horticulture LED solutions.

Photo by Imran Ali on Unsplash

Good morning readers, LEDs are used in horticulture/ vertical farming facilities to enhance plant growth and provide plants with their required spectrum. Needless to say, they’ve become prevalent in indoor farming/CEA but recent development in the global market has led several companies to tumble facing increasing costs and lower sales levels.

Companies traded on ENX 0.00%↑ NDAQ 0.00%↑ and other stock markets have reported mixed results but all acknowledged that the current supply chain disruptions have affected their results as well as their full-year guidance.

The current situation in Taiwan, the aftermath of the lockdown imposed throughout the world as well as current raw materials prices sky-rocketing in the face of inflation leads companies to higher costs of goods sold. Some companies had to increase their retail prices leading to a net sales drop while others managed to rethink their supply chain in order to mitigate the potential risks.

Today, we take a look at horticulture LED companies expected to publish their financial results by the end of October/ first week of November.