Barfresh Secures Multi-Year Bid Award with Fifth Largest School District in the United States
Rhea-AI Summary
Barfresh (Nasdaq: BRFH) announced a multi-year bid award to supply its Twist & Go Smoothies to the fifth largest school district in the U.S., serving over 300,000 students. Barfresh has already begun deliveries and cites enhanced manufacturing capacity from the Arps Dairy acquisition to support this rollout and future large-scale K-12 opportunities.
This win is presented as a strategic milestone in the company's expansion within the education channel and strengthens its ability to compete for major district contracts nationwide.
Positive
- Multi-year bid with the 5th largest U.S. school district
- Access to a student base of over 300,000
- Deliveries have already begun to the district
- Enhanced manufacturing capacity via the Arps Dairy acquisition
- Stronger foothold in the K-12 education channel
Negative
- None.
Market Reality Check
Peers on Argus
BRFH was down 2.48% pre-news, while several beverage peers like ZVIA (-5.45%) and BLNE (-3.23%) were also lower, but momentum data show only 1 peer in the scanner and sector_move flagged false, pointing to stock-specific dynamics.
Historical Context
| Date | Event | Sentiment | Move | Catalyst |
|---|---|---|---|---|
| Jan 29 | Revenue guidance update | Positive | -3.4% | Record 2025 revenue of $14.2M and strong 2026 growth guidance. |
| Dec 18 | Grant and facility update | Positive | -0.7% | Final approval of $2.4M grant and progress at Arps facility. |
| Nov 06 | Quarterly results | Positive | -2.9% | Record Q3 2025 revenue, 37% gross margin, positive Adjusted EBITDA. |
| Oct 23 | Earnings call notice | Neutral | -3.9% | Announcement and access details for upcoming Q3 2025 results call. |
| Oct 07 | Acquisition completion | Positive | +6.9% | Completion of Arps Dairy acquisition to expand in-house production. |
Recent history shows mostly negative price reactions to generally positive operational and guidance news.
Over the last few months, Barfresh has focused on scaling revenue and manufacturing. It reported record preliminary fiscal 2025 revenue of $14.2M with fiscal 2026 guidance of $30–$35M, secured a final $2.4M government grant tied to its new Arps Dairy facility, and delivered record Q3 2025 revenue of $4.2M with a 37% gross margin and positive Adjusted EBITDA. The company also completed the Arps Dairy acquisition, expanding owned production. Despite these constructive updates, shares often traded down afterward, making today’s large K‑12 contract another growth milestone against a cautious trading backdrop.
Market Pulse Summary
This announcement highlights a multi‑year bid award to supply Twist & Go Smoothies to the fifth largest U.S. school district, reinforcing Barfresh’s push into the K‑12 education channel. It builds on prior progress around scaling in‑house production through the Arps Dairy acquisition and previously disclosed revenue growth and guidance. Investors may focus on how quickly this large district ramps volumes, the impact on margins as manufacturing scales, and whether similar large‑district wins follow.
AI-generated analysis. Not financial advice.
LOS ANGELES, Feb. 24, 2026 (GLOBE NEWSWIRE) -- Barfresh Food Group Inc. (the “Company” or “Barfresh”) (Nasdaq: BRFH), a provider of frozen, ready-to-blend and ready-to-drink beverages, today announced it has been awarded a multi-year bid award to supply its Twist & Go Smoothies via the awarded frozen food distributor to the largest school district in Nevada, representing the fifth largest school district in the United States. The Company has already begun providing its portfolio of better for you smoothie beverages to the district, which serves over three hundred thousand students across the region. This significant win represents a major milestone in Barfresh's expansion within the K-12 education channel and demonstrates the Company's ability to compete successfully for and secure contracts with the largest school districts in the country.
Riccardo Delle Coste, the Company’s Chief Executive Officer, stated, “Securing this multi-year bid with the fifth largest school district in the nation represents a significant win for Barfresh and validates the strength of our product portfolio and sales execution. This district serves a diverse student population across a large geographic area, and we're honored to have been selected as their partner. With our enhanced manufacturing capabilities through the Arps Dairy acquisition and our expanded product lineup, we are well positioned to support this district's needs and continue pursuing similar large-scale opportunities nationwide. This win further strengthens our position in the education channel as we continue to execute our growth strategy.
About Barfresh Food Group
Barfresh Food Group Inc. (Nasdaq: BRFH) is a developer, manufacturer and distributor of ready-to-blend and ready-to-drink beverages, including smoothies, shakes and frappes, primarily for the education market, foodservice industry and restaurant chains, delivered as fully prepared individual portions or single serving and bulk formats for on-site preparation. For more information, please visit www.barfresh.com.
Forward Looking Statements
Except for historical information herein, matters set forth in this press release are forward-looking, including statements about the Company’s commercial progress, success of its strategic relationship(s), and projections of future financial performance. These forward-looking statements are identified by the use of words such as “grow”, “expand”, “anticipate”, “intend”, “estimate”, “believe”, “expect”, “plan”, “should”, “hypothetical”, “potential”, “forecast” and “project”, “continue", “could", “may", “predict", and “will” and variations of such words and similar expressions are intended to identify such forward-looking statements. All statements, other than statements of historical fact, included in the press release that address activities, events or developments that the Company believes or anticipates will or may occur in the future are forward-looking statements. These statements are based on certain assumptions made based on experience, expected future developments and other factors the Company believes are appropriate under the circumstances. Such statements are subject to a number of assumptions, risks and uncertainties, many of which are beyond the control of the Company. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those indicated or anticipated by such forward-looking statements. Accordingly, you are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date they are made. The contents of this release should be considered in conjunction with the Company’s recent filings with the Securities and Exchange Commission, including its Annual Report on Form 10-K, Quarterly Reports on Form 10-Q and Current Reports on Form 8-K, including any warnings, risk factors and cautionary statements contained therein. Furthermore, the Company expressly disclaims any current intention to update publicly any forward-looking statements after the distribution of this release, whether as a result of new information, future events, changes in assumptions or otherwise.
Investor Relations
John Mills
ICR
646-277-1254
John.Mills@icrinc.com
Deirdre Thomson
ICR
646-277-1283
Deirdre.Thomson@icrinc.com
FAQ
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