Eden Research reports strong growth and new product introductions in 2023
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Eden Research PLC CEO Sean Smith tells Proactive's Stephen Gunnion the company achieved significant advancements and a robust performance in 2023.
Revenue for the year to 31 December 2023 increased by 78% to 3.2 million, surpassing market expectations. This growth was attributed to strong sales across various product lines.
A noteworthy development was a successful fundraising event that raised 9.9 million, enhancing the firm's cash position and enabling further product development.
In partnership with Corteva Agriscience, Eden introduced Ecovelex, a new seed treatment product designed to repel birds from maize, marking a new category for the company. This product received temporary approval in Italy, facilitating its use in the 2024 growing season.
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