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) will hold a business update call on April 27, 2023, at 1:30 pm PT (4:30 pm ET). Investors can join via phone by calling (877) 407-4018 for North America or (201) 689-8471 for international listeners. An audio playback will be available after the call until May 11, 2023, accessible at (844) 512-2921 for North America and (412) 317-6671 for international. The passcode is 13738039. Additionally, the call will be available through a webcast on the company's website in the Investors-Presentations section, with a replay offered for 30 days. Barfresh develops, manufactures, and distributes frozen beverages, focusing on the education market and foodservice industry, delivering products using an efficient, waste-reducing system.
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.
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