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 (Nasdaq: BRFH) has expanded its K12 beverage offerings to 29 new school districts, impacting over 242,000 students. This includes Caddo Parish Public Schools in Louisiana, marking the company's first entry into the state, and multiple districts in Virginia. The CEO highlighted a significant growth trajectory in the education sector, with four consecutive quarters of revenue increases. Barfresh anticipates further growth without needing additional capital, bolstered by a strong balance sheet.
Barfresh Food Group (OTCQB: BRFH) announced its common stock has been approved for listing on The Nasdaq Capital Market, effective January 20, 2022. Riccardo Delle Coste, CEO, expressed enthusiasm over completing the uplisting process, highlighting improvements in the company's balance sheet, reduced expenses, and expanded product offerings that position Barfresh for long-term growth. This milestone is expected to enhance corporate visibility and provide broader access to investors, thereby increasing long-term shareholder value.
Lisa Roger Appointed CFO of Barfresh Food Group
Barfresh Food Group (OTCQB: BRFH) has appointed Lisa Roger as its new Chief Financial Officer. With extensive experience in public manufacturing, particularly with Fox Factory, her expertise encompasses finance, business development, and tax strategy. CEO Riccardo Delle Coste expressed confidence in her ability to enhance the company’s financial platform and drive growth. Barfresh specializes in frozen ready-to-blend and ready-to-drink beverages targeting the foodservice industry.
Barfresh Food Group (OTCQB: BRFH) has expanded its education program to 536 new school locations in Maryland, impacting over 380,000 students across eight school districts. Notably, Anne Arundel County Public Schools, with 124 schools, anticipates around 30,000 weekly servings of Barfresh's Twist & Go beverages. CEO Riccardo Delle Coste expressed confidence in exceeding $2 million in revenue for Q4 2021, citing strong growth in the education sector. This expansion signals Barfresh's commitment to increasing market penetration and revenue generation.
Barfresh Food Group (OTCQB: BRFH) expects record revenues, predicting fourth quarter 2021 revenues to surpass $2 million, the highest in its history. The company executed a 1-for-13 reverse stock split to meet listing requirements for a National Exchange, effective December 29, 2021. This split reduces outstanding shares from approximately 167.8 million to about 12.9 million. CEO Riccardo Delle Coste announced robust sales growth, particularly in foodservice and schools, and confirmed a strong financial standing with no debt.
Barfresh Food Group has expanded its education program to include 473 new school locations in Florida, serving over 435,000 students. The company's products will feature in breakfast and dinner menus, with the goal of enhancing student meal options. CEO Riccardo Delle Coste announced that the response to their Twist & Go smoothies has been overwhelmingly positive, leading to expectations of achieving the highest quarterly revenue in company history for Q4 2021. This expansion marks a significant growth trajectory for Barfresh in the educational sector.
Barfresh Food Group Inc. (OTCQB: BRFH) has secured a five-year contract with the Army & Air Force Exchange Service (AAFES) to supply its Twist & Go products to 76 school installations. This initiative, part of the AAFES School Meal Program, will provide nutritious meals to students overseas, which meets USDA guidelines for reimbursement. Last year, AAFES served over 3 million meals, highlighting the program's significance. Barfresh aims to expand its presence significantly within the school meal sector, both domestically and internationally.
Barfresh Food Group reported significant growth in its Q3 2021 financial results, showing a 173% increase in revenue year-over-year, reaching $1.9 million. Sequentially, revenue rose by 48%. The company attributes this growth to heightened orders for its Twist & Go product in the school channel, despite losing approximately $200,000 due to supply chain issues. Barfresh has already generated $1.8 million in Q4 2021, marking a 300% increase compared to Q4 2020. The company expects to reach adjusted EBITDA breakeven in Q4 2021, aided by a strong cash position of $6.4 million.
Barfresh Food Group (OTCQB: BRFH) announced a business update call scheduled for November 15, 2021, at 1:30 PM PT. Investors can join by dialing (877) 300-8521 in North America or (412) 317-6026 internationally. A playback will be available two hours post-call until November 29, 2021. Participants can access a webcast on the company's website, with a replay available for 30 days. Barfresh specializes in frozen, ready-to-blend beverages, utilizing a patented system for efficient distribution and quality.
Barfresh Food Group (OTCQB: BRFH) reported a substantial revenue increase of 157% year-over-year for Q2 2021, bringing in $1.3 million, up from $506,000 in Q2 2020. The company has already generated over $1.0 million in revenue in Q3 2021 as it anticipates expanding its school locations. With approximately $7.0 million in cash and improved gross margins of 43%, Barfresh is poised for further growth. The net loss also significantly decreased to $297,000 from $1.2 million a year ago.