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Barfresh Food Group Inc. - $BRFH STOCK NEWS

Welcome to our dedicated page for Barfresh Food Group news (Ticker: $BRFH), a resource for investors and traders seeking the latest updates and insights on Barfresh Food Group stock.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Barfresh Food Group's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

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Rhea-AI Summary

Barfresh Food Group Inc. announced the appointment of Marko Matla as Vice President of Supply Chain & Co-Manufacturing. Matla brings over 25 years of experience in supply chain management and will focus on optimizing operations, collaborating with production partners, and launching new products to improve customer service and increase sales in fiscal year 2024.

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End-of-Day
20.62%
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management
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Rhea-AI Summary

Barfresh Food Group Inc. (Nasdaq: BRFH) will host a business update call on May 15, 2024, to discuss frozen, ready-to-blend, and ready-to-drink beverages. The call will be accessible via phone and webcast, with a telephonic playback option available. Interested parties can dial in or log onto the company's website for more information.

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20.62%
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Rhea-AI Summary

Barfresh Food Group Inc. (Nasdaq: BRFH) has secured seven school co-operatives, serving over 2,200 school locations and approximately 1.5 million students, for the upcoming fall. The company anticipates achieving its highest annual revenue in Fiscal Year 2024, with year-over-year margin improvement. Barfresh continues to expand its presence within the education channel, offering a variety of products such as carton and bottle smoothies, 5:1 100% juice concentrates, and 1:1 bulk easy pour smoothie concentrates. The CEO, Riccardo Delle Coste, attributes this success to strategic initiatives, increased production capacity, and product diversification. The company is set to release new smoothie offerings, including a new Tropical Smoothie flavor for Twist & Go, in the near future.

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-22.53%
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Rhea-AI Summary
Barfresh Food Group Inc. achieved the second-highest fiscal year revenue in its history despite supply challenges, with $8.1 million revenue and 36% gross margins for 2023. The company faced a carton shortage impacting Q4 2023 results, but is on track for record revenue in Q1 2024. Barfresh secured additional smoothie bottle capacity and is working to replace the lost bottle manufacturer in 2024.
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-2.79%
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Rhea-AI Summary
Barfresh Food Group, Inc. (BRFH) will host a business update call on February 29, 2024, focusing on its frozen, ready-to-blend, and ready-to-drink beverages. The call will be available for North American and international listeners, with a telephonic playback and webcast options.
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3.08%
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conferences
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Rhea-AI Summary
Barfresh Food Group Inc. has regained compliance with the minimum stockholders' equity requirement set by Nasdaq. The company received a notification letter from Nasdaq stating that it has met the requirement. In the Form 10-Q for the quarter ended September 30, 2023, the company reported issuing convertible notes worth $1,390,000, with $1,207,000 immediately converted into approximately 820,000 shares of common stock. The proceeds from the convertible notes increased stockholders' equity to meet the requirement. Subscribers to the note include the company's CEO and founder, Riccardo Delle Coste, and strategic investor Unibel SA.
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4.4%
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Rhea-AI Summary
Barfresh Food Group Inc. achieved revenue of $2.6 million and gross margins of 35% in Q3 2023, with the best Adjusted EBITDA in company history. They expect positive Adjusted EBITDA for Q4 2023 and year-over-year margin improvement for fiscal 2023. They are on track to expand smoothie carton production to 25-30 million units per year by the end of fiscal year 2023.
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5.78%
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-
Rhea-AI Summary
Barfresh Food Group Inc. expands its presence in the education channel by securing new school districts and locations.
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4.28%
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none
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Rhea-AI Summary
Barfresh Food Group to host business update call on October 26, 2023.
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Rhea-AI Summary
Barfresh Food Group Inc. reports revenue of $1.5 million and gross margins of 31% in the second quarter of 2023. The company has secured over $1.6 million in revenue for the third quarter and expects revenue in the range of $2.6 million to $3.0 million. They anticipate achieving breakeven adjusted EBITDA for the third quarter and positive adjusted EBITDA for the fourth quarter. The company is expanding its smoothie carton production, with capacity expected to increase to 25-30 million units per year in the second half of 2023. They continue to expect record revenue in fiscal 2023 and year-over-year margin improvement.
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-1.82%
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Barfresh Food Group Inc.

Nasdaq:BRFH

BRFH Rankings

BRFH Stock Data

25.82M
6.60M
37.59%
19.47%
0.2%
Soft Drink Manufacturing
Manufacturing
Link
United States of America
LOS ANGELES

About BRFH

barfresh (ootc: brfh), the leader in ready-to-blend frozen beverages, manufactures and distributes whirl class blended smoothies, shakes and frappes in a way that has transformed the blended beverage industry. in 2005, founder and ceo riccardo delle coste recognized an exploding interest in the “better for you” beverage segment, so he created barfresh. since 2009, frozen beverages have been the fastest growing category - not to mention, a $25 billion dollar industry - with smoothies representing one of the highest gross profit margins. today, as consumer demand increases for healthier alternatives, two major problems arise for restaurants and foodservice operators that want to serve blended beverages - labor costs and product waste both make it all but impossible for this booming category to be profitable. until now. the barfresh process is the first patent pending system in the u.s. that combines all the ingredients of a blended beverage into individually pre-portioned packs. barfresh