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.
Stay informed with the latest Barfresh Food Group, Inc. (NASDAQ: BRFH) news and press releases on StockTitan. As a manufacturer and distributor of frozen smoothies, shakes, and frappes for school districts and institutional customers, Barfresh regularly announces developments related to its K-12 education market expansion, new school district partnerships, and operational updates.
BRFH news coverage typically includes announcements about new customer wins in the education sector, product launches and line extensions, strategic partnerships within the foodservice industry, and quarterly earnings results. The company's focus on the K-12 school nutrition market means news often relates to new district partnerships, geographic expansion, and student participation trends in meal programs.
Investors and stakeholders following Barfresh can expect updates on manufacturing capacity, distribution network growth, and progress toward revenue targets. As a NASDAQ-listed small-cap company in the consumer goods sector, BRFH news may also include information about capital structure, institutional investor activity, and analyst coverage. The company's strategic relationship with PepsiCo North America Beverages adds another dimension to potential news regarding foodservice channel developments and market penetration updates.
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.
Barfresh Food Group Inc. announced an agreement with the largest regional sales broker in the Southeast, adding 82 new sales people to represent its product line across various customer segments. This move is expected to significantly boost the company's sales footprint, drive customer momentum, and lead to projected record revenue in fiscal year 2024.
Barfresh Food Group Inc. continues to expand its presence in the education channel by securing 443 new school customer locations across multiple states, serving over 360,000 students. This growth in customer acquisition is expected to drive record revenue and margin expansion in fiscal year 2024. The company's CEO expressed optimism about the long-term growth potential fueled by new hires, expanded product offerings, and an increased sales network.
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.
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.
FAQ
What is the current stock price of Barfresh (BRFH)?
What is the market cap of Barfresh (BRFH)?
