Welcome to our dedicated page for Barfresh news (Ticker: BRFH), a resource for investors and traders seeking the latest updates and insights on Barfresh stock.
Barfresh Food Group Inc. develops, manufactures and distributes frozen, ready-to-blend and ready-to-drink beverages, including smoothies, shakes and frappes, for the education market, foodservice industry and restaurant chains. Its updates commonly address fully prepared individual portions, single-serving and bulk formats for on-site preparation, including Twist & Go Smoothies in K-12 channels.
Company announcements also cover quarterly results and guidance, manufacturing integration following the Arps Dairy acquisition, facility and equipment investments, customer bid awards, convertible note financing, board composition and investor conference participation.
Barfresh Food Group (OTCQB: BRFH) expects Q1 2021 revenue to exceed $1 million, marking a 36% rise from Q1 2020. The company is positioned to gain significant market share as schools reopen, enhancing revenue prospects. Notably, Barfresh has launched two new products targeting the educational sector, increasing their presence in school districts. Although 2020 revenues fell to $2.6 million from $4.3 million in 2019, cost reductions led to a decrease in operating loss. As of March 31, 2021, cash on hand rose to $2.2 million following better expense management and PPP loan receipt.
Barfresh Food Group (OTCQB: BRFH) announced a business update call scheduled for April 14, 2021, at 1:30 PM PT. Interested listeners can join by dialing (877) 407-4018 in North America or (201) 689-8471 internationally. A replay of the call will be available for two weeks post-call, with specific playback numbers provided. The company specializes in frozen, ready-to-blend beverages for the foodservice industry and holds a partnership with a leading food distributor in North America. For more information, visit www.barfresh.com.