Barfresh Stock Price, News & Analysis

Barfresh Food Group achieved a record revenue of $9.2 million for full year 2022, a 37% increase year-over-year, despite challenges due to a product withdrawal affecting their Twist & Go™ bottles. The company also reported a net loss of $6.2 million for the year. Gross margins improved to 36% in Q4 2022, driven by the launch of a new smoothie carton product. Barfresh aims for record revenue and margin improvement in 2023, focusing on increasing production capacity. The company anticipates achieving better revenue for Q1 2023 compared to Q4 2022, indicating a positive trend going forward.

Barfresh Food Group (Nasdaq: BRFH) will host a business update call on March 2, 2023, at 1:30 PM PT (4:30 PM ET). Investors can participate by calling (877) 407-4018 in North America or (201) 689-8471 internationally. A telephonic playback will be available after the call until March 16, 2023, via (844) 512-2921 or (412) 317-6671 with passcode 13736213. Additionally, a simultaneous webcast can be accessed on the Barfresh website, with a replay available for 30 days. Barfresh specializes in ready-to-blend and ready-to-drink beverages aimed at food service and education markets, utilizing a proprietary system for efficient beverage preparation.

Barfresh Food Group (Nasdaq: BRFH) announced the launch of its new 7.6oz ready-to-drink Smoothie Carton, introduced in October to the school market. This new product is designed to replace lost bottle capacity and is more environmentally friendly, providing higher margins. The company aims to transition the majority of lost smoothie bottle volume to these cartons within Q1 2023. CEO Riccardo Delle Coste emphasized the positive feedback from trials and the potential for cost savings and increased margins, aligning with sustainability trends in schools.

Barfresh Food Group (Nasdaq: BRFH) reported a 25% year-over-year revenue increase for Q3 2022, reaching $2.4 million. The growth primarily stems from improved Twist & Go™ sales in the school channel. However, the company faced quality issues with a bottling manufacturer, necessitating a product withdrawal that impacted revenue by $1.2 million. Gross margins dropped to -30% from 37% a year prior due to these issues, and the net loss widened to $2.7 million from $508,000. The company is pursuing legal action to address the manufacturing dispute.

Barfresh Food Group has announced a rescheduling of its third quarter business update call from November 14, 2022, to November 10, 2022, at 1:30 PM PT (4:30 PM ET). The company, listed on Nasdaq under the symbol BRFH, focuses on providing frozen, ready-to-blend, and ready-to-drink beverages. Participants can join via phone or listen to a webcast on their website. A playback will be available after the call until November 24, 2022, with specific dial-in instructions provided.

Barfresh Food Group (Nasdaq: BRFH) will host a business update call on November 14, 2022, at 1:30 PM PT. Investors can join by calling (888) 349-0098 (North America) or (412) 902-4285 (international). A playback will be available post-call until November 28, 2022, at (844) 512-2921 (North America) and (412) 317-6671 (international) with passcode 10172684. A webcast will also be offered on the company's website for 30 days. Barfresh specializes in ready-to-blend and ready-to-drink beverages, primarily targeting the education and foodservice sectors.

Barfresh Food Group (Nasdaq: BRFH) reported a 115% increase in revenue for Q2 2022, reaching $2.8 million compared to $1.3 million in Q2 2021. This growth is attributed to rising Twist & Go sales, particularly in the school sector. The company anticipates achieving record revenues in Q3, aided by a new manufacturing agreement to enhance production and cost efficiency. Gross margins fell to 32%, down from 43% in the previous year due to inflationary pressures. Despite sales growth, Barfresh recorded a net loss of $0.7 million and an Adjusted EBITDA loss of $431,000.

Barfresh Food Group (Nasdaq: BRFH) announced a business update call scheduled for July 28, 2022, at 1:30 PM PT (4:30 PM ET). Listeners in North America can dial (877) 407-4018, while international listeners can reach (201) 689-8471. A playback will be available two hours post-call until August 11, 2022. Additionally, a webcast will be accessible through the company’s website. Barfresh specializes in ready-to-blend and ready-to-drink beverages, targeting the education and foodservice sectors.

Barfresh Food Group, Inc. (Nasdaq: BRFH) has been included in the Russell Microcap® Index effective June 27, 2022. This membership, which is valid for one year, signifies the company's improved market capitalization and style attributes. CEO Riccardo Delle Coste stated that this recognition reflects Barfresh's strong growth and product expansion efforts over the past year. The Russell indexes are widely used by investment managers, with approximately $12 trillion in assets benchmarked against them, potentially enhancing Barfresh's visibility in the investment community.