Barfresh Stock Price, News & Analysis

Barfresh Food Group Inc. (Nasdaq: BRFH), a provider of frozen, ready-to-blend and ready-to-drink beverages, has secured non-recourse non-dilutive litigation financing for its ongoing lawsuit. The company received multiple funding offers based on the merits of its legal case, which was filed on November 10, 2022. Barfresh has partnered with a well-known alternative asset investment firm and its litigation counsel, Boesch Law Group, to provide this financing.

Over the past two years, Barfresh has spent approximately $300,000 on this lawsuit, which has impacted its operating margins. The new financing arrangement eliminates the need for additional cash from the company to fund the pending lawsuit, potentially improving its financial position.

Barfresh Food Group (Nasdaq: BRFH), a provider of frozen, ready-to-blend and ready-to-drink beverages, has announced a business update call scheduled for August 14, 2024 at 1:30 pm Pacific Time (4:30 pm Eastern Time). Investors and interested parties can participate through various channels:

1. North American listeners can dial (877) 407-4018
2. International listeners can dial (201) 689-8471
3. A simultaneous webcast will be available on the company's website

A telephonic playback will be accessible until August 28, 2024, and a webcast replay will be available for approximately 30 days following the call. This update provides an opportunity for stakeholders to gain insights into Barfresh's current business status and future plans.

Barfresh Food Group Inc. (Nasdaq: BRFH) has announced a significant expansion in its production capacity, adding a new co-manufacturing location primarily dedicated to producing their recently launched Pop & Go™ Freeze Pops. This new facility increases their annual production capacity by 50 million units, with potential for further expansion.

With the addition of three new third-party locations in the last month, Barfresh has boosted its total annual production capacity to over 120 million units. This strategic move aims to meet current demand, position the company for future growth, and diversify their manufacturing footprint to enhance operational resilience and scalability.

CEO Riccardo Delle Coste emphasized that these expansions, along with key hires and an extended product portfolio, have built a robust foundation for significant revenue expansion, particularly in the education sales channel and other foodservice and retail channels.

Barfresh Food Group (Nasdaq: BRFH) has launched 'Pop & Go', a new line of 100% juice freeze pops targeting school nutrition programs. These USDA-compliant pops contain no added sugars, preservatives, or artificial ingredients, and are available in five flavors. The product aims to expand Barfresh's presence in schools, complementing their existing offerings and targeting lunch menus, which can be up to five times larger in volume than breakfast menus.

CEO Riccardo Delle Coste highlighted the potential for Pop & Go to strengthen Barfresh's position in the education channel and possibly expand into other foodservice and retail channels. The company's recent improvements in production capacity and customer acquisition are expected to support record revenue this fiscal year and drive long-term growth.

Barfresh has significantly expanded its production capacity by adding two new co-manufacturing locations.

These facilities are strategically situated in the Mid-West and East Coast, enabling the company to better serve its growing clientele across various channels. The new capacity includes the ability to produce 25 million additional bottling units annually for Barfresh's Twist & Go products, effectively more than doubling the company's overall production capacity.

CEO Riccardo Delle Coste emphasized that the increased capacity will support recent and upcoming customer acquisitions, particularly in the education sector. Delle Coste also highlighted the addition of new management team members and the introduction of new products as key factors for anticipated sales growth and improved profit margins in fiscal year 2024 and beyond.

Barfresh Food Group (Nasdaq: BRFH) announced the appointment of Tony Grossi as Vice President of Sales. Grossi, bringing over 25 years of experience in food and beverage sales, will oversee all sales efforts at Barfresh, including its expanding sales network. His notable tenure includes roles at BakeMark, Performance Foodservice Group, and SK Food Group, where he successfully increased revenue and client bases. This hire follows a recent executive addition aimed at enhancing Barfresh's supply chain and co-manufacturing capabilities, positioning the company for significant sales growth in fiscal year 2024 and beyond. CEO Riccardo Delle Coste highlighted the strategic importance of this appointment amid a pivotal growth phase for the company. Grossi expressed confidence in leveraging Barfresh's product portfolio and expanded network to drive substantial revenue gains.

Barfresh, a provider of frozen, ready-to-blend, and ready-to-drink beverages, announced its latest expansion in the education sector. The company secured 542 new school locations across multiple states, catering to over 390,000 students for the 2024-2025 school term. This is part of a larger initiative, with over 3,100 new school locations acquired in the past month, representing over 2.2 million students. Barfresh attributes this growth to strategic national broker coverage, increased production capacity, and reintroduction of its 100% juice concentrate offering. CEO Riccardo Delle Coste highlighted the company's ongoing efforts to ensure product supply and exceptional service levels, projecting record fiscal year 2024 revenue and margin expansion.

Barfresh Food Group, a provider of frozen, ready-to-blend and ready-to-drink beverages, announced its participation in the Spring MicroCap Rodeo Conference on June 6, 2024, in New York City. The company's management team is scheduled to present at 9:00 AM Eastern Time on that day. For those unable to attend in person, the presentation will be available online. Additionally, Barfresh will host one-on-one meetings with approved investors throughout the conference. More details and registration options are available on the MicroCap Rodeo website.

Barfresh Food Group (Nasdaq: BRFH) reported its first quarter 2024 results, showing a record revenue of $2.8 million, a 35% increase year-over-year. The company also achieved its first positive Adjusted EBITDA of $53,000, up from a loss of $544,000 in Q1 2023. Gross margins improved slightly to 41.4% from 40.9%. The net loss reduced to $449,000 from $889,000, driven by increased revenue, margin improvement, and cost-saving measures. The company expanded its sales broker network, adding over 2,600 schools, and aims to achieve its highest annual revenue in fiscal year 2024. Despite ongoing legal disputes with a former supplier, Barfresh remains optimistic about its growth trajectory.