The following is excerpted from the question-and-answer section of the transcript.
(Questions from industry analysts are provided in full, but answers are omitted - download the transcript to see the full question-and-answer session)
Question: Dipesh Patel - H.C. Wainwright & Co. - Analyst
: Hi, Stan and TJ. This is Dipesh standing in for Ram Selvaraju. Is there anything else that you can highlight as you look at strategic alternatives, maybe
including time lines? And then also what progress has been made in capturing additional economics in the value chain for GoodWheat. So some
comments around that would be helpful. Thank you.
Question: Dipesh Patel - H.C. Wainwright & Co. - Analyst
: Great, certainly very helpful. Thanks again for the update today.
Question: Ben Klieve - Lake Street Capital Markets LLC - Analyst
: Thanks for taking my questions, and congratulations guys. Nice little quarter here from top to bottom it seems. Have a handful of questions for
you. First of all, on zola, -- it sounds like some of the momentum that you saw in zola in second quarter really continued into the third, excluding
the impact of new on the new flavors that are coming online. Can you comment on zola's contributions to the top line and retail distribution today
versus the high-water mark. Few quarters ago, before some of the challenges emerged?
Question: Ben Klieve - Lake Street Capital Markets LLC - Analyst
: Okay, perfect. Thank you. The curious, GoodWheat retail placements now 15 month old, maybe a little more on, I'm wondering if you can talk about
kind of the lessons that you took from the initial placements, a year ago and how you're driving growth now from new retail stores and maybe a
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NOVEMBER 09, 2023 / 9:30PM, RKDA.OQ - Q3 2023 Arcadia Biosciences Inc Earnings Call
more accelerated manner now. I mean, what challenges did you guys roll on into a year ago that you're not running into today? Any insight there
would be helpful?
Question: Ben Klieve - Lake Street Capital Markets LLC - Analyst
: Okay, great. TJ, clarifying question on your prepared remarks. Did I hear you call out costs in the third-quarter associated with mac and cheese, and
pancakes? I believe or am I making that up?
Question: Ben Klieve - Lake Street Capital Markets LLC - Analyst
: Okay. So R&D costs in Q2 were directionally higher before given both of those products. I thought I missed an explicit number on.
Okay. Then last question for me. I mean, the looks like a lot of momentum has really built through 2023 so far. I mean, as you look into 2024, can
you guys give any kind of high-level expectations regarding our overall retail doors that you hope to be at ending '24. Any kind of high-level metrics
that you can really provide to help us get a sense of kind of scale, you're looking at 12 months from now?
Question: Ben Klieve - Lake Street Capital Markets LLC - Analyst
: Okay, very good. Plenty more to talk about, that's a good place to leave it. Thanks for taking my questions and congratulations again on a really
nice quarter.
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NOVEMBER 09, 2023 / 9:30PM, RKDA.OQ - Q3 2023 Arcadia Biosciences Inc Earnings Call
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