ESG Inc.
5.52+0.25 (+4.74%)
Oct 29, 4:00:00 PM EDT · OTC Markets OTCQB · ESGH · USD
Key Stats
Market Cap
142.97MP/E (TTM)
61.33Basic EPS (TTM)
0.09Dividend Yield
0%Recent Filings
8-K
ESG LOI for Panco acquisition
ESG Inc. signed a non-binding LOI on October 21, 2025, to acquire Panco Foods Inc. for about $10 million in common stock, pending due diligence and a definitive agreement within 45 days. Separately, production halted October 17 at its main facility for a three-month EPA compliance upgrade, scrapping September's mushroom sales but promising expanded capacity post-resumption. ESG engaged Craft Capital for financing advice. No material asset impairment expected.
8-K
ESG appoints seasoned CFO Gobora
ESG Inc. appointed Edward F. Gobora as Chief Financial Officer on August 27, 2025, replacing Zhi Yang in the role. Gobora, with over 30 years in financial strategy and capital markets—including founding Miami International Holdings and leading Merrill Lynch's global currency and bond teams—will receive $60,000 annual compensation in company shares, pro-rated quarterly. This move bolsters leadership for growth in sustainable plant-based foods. Forward-looking statements highlight execution risks.
10-Q
Q2 FY2025 results
ESG Inc. posted Q2 revenue of $2.5M, down 0.8% y/y but up 20.3% q/q (derived), as mushroom powder seasonings from Hong Kong grabbed 44.6% of the mix, offsetting mainland China's compost and white button dips from facility upgrades. Gross margin leaped to 43.5% from 17.2% y/y, fueling operating income of $806K—up sharply from $156K—while net income to the company hit $518K or $0.01 per diluted share on steady 25.9M shares. YTD revenue fell 16.6% y/y to $4.1M, yet gross profit quadrupled to $1.2M with 28.5% margins, swinging to $532K operating income from a $384K loss; EPS of $0.03 reconciles cleanly. Cash dipped to $129K amid $1.5M operating outflow, offset by $1.3M non-bank loans, leaving $6M short-term debt at 3.6-5.6% due 2026 and a $5.8M working capital gap—management eyes long-term refinancing and a $2.9M VAT refund filed in May. Production scaled down for EPA compliance upgrades. Customer concentration risks loom large, with two buyers claiming 71% of sales.
8-K
ESG raises $250K via convertible note
ESG Inc. secured $250,000 in funding on August 5, 2025, by issuing a $275,000 convertible promissory note to Labrys Fund II, L.P., carrying 10% annual interest and maturing in 12 months, plus a warrant for 45,833 shares at $6.00 each. The note converts at 90% of the lowest closing bid price over the prior 10 trading days upon default or missed amortization payments starting February 2026. ESG also switched auditors on August 7, 2025, from Prager Metis CPAs to Boladale Lawal & Co., with no disagreements noted. This bolsters liquidity for operations, yet signals ongoing financial strain.
10-Q
Q1 FY2025 results
ESG Inc. posted Q1 FY2025 revenue of $1.6M, down 33.3% y/y from $2.4M, as Compost III production paused for an environmental facility buildout, yet mushroom powder seasonings surged to $1.1M or 68% of sales, all from Hong Kong. Gross profit swung to $81K with a 5.1% margin from a -3.8% loss, thanks to tighter quality controls cutting defects. Operating loss narrowed to $275K from $540K, while net loss to ESG fell to $213K or $(0.01) per diluted share on 25.9M shares, versus $(0.02) last year; the gap from operating reflects interest expense. Cash ended at $178K after $1.6M operating outflow, offset by $1.4M in private fund loans, with $6.0M short-term bank debt at 3.6-5.6% rates due through 2026. No free cash flow disclosed in the 10-Q. Refinancing risk looms as annual bank loan renewals hinge on lender terms.
ABVE
Above Food Ingredients Inc.
4.22-0.40
AGRI
AgriFORCE Growing Systems Ltd.
3.25+0.08
AQB
AquaBounty Technologies, Inc.
1.32-0.14
DOLE
Dole plc
12.68-0.30
EDBL
Edible Garden AG Incorporated
1.64+0.02
EGHA
EGH Acquisition Corp.
10.13+0.00
FAMI
Farmmi, Inc. Ordinary Shares
1.77-0.01
FMHS
Farmhouse Inc.
0.17+0.00
NGHI
New Green Hemp Inc.
0.40+0.00
VITL
Vital Farms, Inc.
34.89+0.01