Welcome to our dedicated page for Barfresh Food Group news (Ticker: BRFH), a resource for investors and traders seeking the latest updates and insights on Barfresh Food Group 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, 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.
Barfresh Food Group (Nasdaq: BRFH) announced its participation in the LD Micro Invitational XII Conference, scheduled for June 7-9, 2022, at Four Seasons Westlake Village. Company's CEO Riccardo Delle Coste and CFO Lisa Roger will present on June 7, 2022, at 1:00 pm PT (4:00 pm ET). Barfresh specializes in frozen, ready-to-blend beverages designed for the education, foodservice, and restaurant sectors, utilizing a patented system for convenient on-site preparations. The company has partnered with a leading food distributor in North America. For more details, visit www.barfresh.com.
Barfresh Food Group has expanded its education program to include 22 new school districts, reaching about 240,000 students across 235 locations in the Midwest. This strategic move will provide Barfresh’s frozen beverage offerings to students 2 to 5 times a week. CEO Riccardo Delle Coste highlighted the company's growth momentum and plans to further expand its sales team to pre-COVID levels. The company aims to maintain this growth into the 2022-2023 school year, signaling strong potential for revenue increase.
Barfresh Food Group (BRFH) reported a 149% revenue increase to $2.5 million for Q1 2022, attributed to strong sales in the school channel and recovering bulk products. Gross margins slightly decreased to 32% from 34% due to rising costs. The company faces challenges with a $0.9 million net loss, up from the previous year, driven by higher general and administrative expenses of $1.5 million. Cash reserves stand at $4.5 million. Management is optimistic about upcoming sales growth and margin improvements.
Barfresh Food Group (Nasdaq: BRFH) announced a business update call on April 28, 2022, at 1:30 PM PT. Interested parties can join via phone or webcast through the company’s website. A telephonic playback will be available post-call until May 12, 2022. Barfresh specializes in ready-to-blend and ready-to-drink beverages, primarily targeting the education sector and foodservice industry. Their proprietary system offers cost-efficient, waste-reducing beverage preparation. For further details, visit barfresh.com.
Barfresh Food Group (Nasdaq: BRFH) announced its participation in the Maxim 2022 Virtual Growth Conference scheduled for March 28-30, 2022. CEO Riccardo Delle Coste will represent the company, which specializes in frozen, ready-to-blend beverages. Barfresh provides various products, including smoothies and shakes, primarily targeting the education and foodservice markets. Its innovative system offers portion-controlled, pre-packaged ingredients for on-site beverage preparation, ensuring efficiency and reduced waste. Investors can access the company's presentation online.
Barfresh Food Group reported record revenues for the fourth quarter and full year 2021, achieving $2.5 million in Q4 revenue, a 296% increase year-over-year, and a total of $6.7 million for the year, up 161%. The company also achieved near breakeven Adjusted EBITDA and improved net income to $130,000 from a $1.4 million loss in Q4 2020. With a debt-free balance sheet and an expanded customer base, Barfresh is poised for growth in 2022. Key factors driving revenue included demand for the Twist & Go product in schools and a return to sales for single serve products.
Barfresh Food Group (Nasdaq: BRFH) has announced participation in the 34th Annual Roth Conference, taking place from March 13-15, 2022, in Dana Point, CA. CEO Riccardo Delle Coste and CFO Lisa Roger will be engaged in one-on-one and small group meetings on March 14 and 15. Notably, there will be no formal presentation at the conference. Barfresh specializes in frozen ready-to-blend and ready-to-drink beverages, leveraging a patented system for efficient and sustainable preparation. For more information, visit www.barfresh.com.
Barfresh Food Group (Nasdaq: BRFH) will host a business update call on March 10, 2022, at 1:30 pm PT (4:30 pm ET). Interested listeners can join by calling (855) 327-6837 in North America or (631) 891-4304 internationally. A playback will be available two hours post-call until March 24, 2022 at (844) 512-2921 (North America) and (412) 317-6671 (international), using passcode 10018207. The call can also be accessed via a live webcast on Barfresh’s website, with a replay available for 30 days.
Barfresh Food Group (Nasdaq: BRFH) has partnered with G&J Pepsi-Cola Bottlers to distribute its Twist & Go product through G&J's chilled distribution network. This collaboration follows a successful pilot program validating G&J Pepsi's ability to handle Barfresh's offerings and customer satisfaction. The deal is already generating revenue for both companies. CEO Riccardo Delle Coste expressed excitement over the partnership, highlighting the potential value added to G&J Pepsi's extensive beverage lineup.