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.
Barfresh Food Group Inc. (Nasdaq: BRFH) is a developer, manufacturer and distributor of ready-to-blend and ready-to-drink frozen beverages, including smoothies, shakes and frappes. This news page aggregates company announcements and third-party coverage related to BRFH, with a focus on operational updates, financial results and manufacturing developments.
Recent news about Barfresh highlights its emphasis on the education market, foodservice industry and restaurant chains, as well as its transition toward an integrated manufacturing model. Articles cover topics such as quarterly and annual earnings releases, revenue trends, gross margin performance and the use of non-GAAP measures like Adjusted Gross Profit and Adjusted EBITDA. Management commentary in these releases often discusses production capacity, logistics, and the impact of co-manufacturing partners on supply.
A key theme in Barfresh news is the acquisition and integration of Arps Dairy, Inc., an Ohio-based dairy processing company. Coverage includes the entry into the stock purchase agreement, completion of the acquisition, and subsequent updates on manufacturing activity at Arps’ existing facility in Defiance, Ohio. News items describe how Barfresh has begun producing bottled beverages, carton products and bulk formats at this site and how the acquisition is intended to reduce third-party manufacturing fees and improve operational efficiency.
Investors and industry followers can also find updates on government grant approvals related to the 44,000-square-foot manufacturing facility in Defiance, Ohio, as well as information about Barfresh’s financing activities, such as receivables facilities and equity offerings. For anyone tracking BRFH, this page provides a centralized view of earnings reports, manufacturing milestones, channel expansion in the education sector and other material events disclosed through press releases and SEC-related communications.
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.
Barfresh Food Group (OTCQB: BRFH) has announced a business update call scheduled for August 11, 2021, at 1:30 PM Pacific Time. Interested listeners can join the call via phone or through a webcast on the company's website. A playback of the call will be available for two weeks after the event.
Barfresh specializes in frozen beverages, providing ready-to-blend and ready-to-drink products for the foodservice industry. The company uses a patented system to create cost-efficient, fresh beverages with minimized waste.
Barfresh Food Group (OTCQB: BRFH) supports California's new initiative to provide free breakfast and lunch meals for K-12 students, marking it as the first state to implement such a program. The initiative aims to reduce child hunger and will also support school nutrition workers and bolster the agricultural sector in the state. CEO Riccardo Delle Coste emphasized the company's readiness to supply healthy beverage options that align with USDA standards, enhancing their established presence in California's education system.
Barfresh Food Group (OTCQB: BRFH) completed a $6 million private placement at $0.36 per share, eliminating around $1.5 million in debt. The company expects to be debt-free post-forgiveness of its $0.56 million Paycheck Protection Program loan. CEO Riccardo Delle Coste highlighted improved liquidity and plans for expansion in schools, anticipating double current locations for the new school year. Barfresh aims for significant revenue growth in the latter half of 2021, driven by enhanced products and market share expansion.
Barfresh Food Group (OTCQB: BRFH), a manufacturer of frozen beverages, announced that CEO Riccardo Delle Coste will present at the LD Micro Virtual Invitational XI Conference on June 10, 2021, at 12:00 p.m. ET. Barfresh specializes in ready-to-blend and ready-to-drink beverages, including smoothies and shakes, primarily for restaurants and the foodservice industry. The company utilizes a patented system for portion-controlled, pre-packaged ingredients, ensuring fresh beverages that are cost-efficient and reduce waste. For more details, visit www.barfresh.com.
Barfresh Food Group (OTCQB: BRFH) reported a 38% increase in revenue for Q1 2021, reaching over $1.0 million, compared to $733,000 in Q1 2020. This revenue boost was attributed to the popularity of its Twist & Go product, especially in schools. Although gross margins decreased to 34% from 54% year-over-year due to a change in product mix, the company anticipates margins will rise to approximately 40% as higher-margin products resume sales. Net loss improved to $0.6 million, a reduction from $0.7 million in the previous year, as operating expenses were cut by 39%.
Barfresh Food Group (OTCQB: BRFH) will host a business update call on May 17, 2021, at 1:30 PM PT. Investors can join via telephone or a webcast on the company's website. Telephonic playback will be accessible two hours post-call until May 31, 2021. Barfresh specializes in frozen, ready-to-blend beverages for the foodservice industry using a patented, portion-controlled system. They have a significant distribution partnership with North America's leading food distributor.
Barfresh Food Group (OTCQB: BRFH) expects Q1 2021 revenue to exceed $1 million, marking a 36% rise from Q1 2020. The company is positioned to gain significant market share as schools reopen, enhancing revenue prospects. Notably, Barfresh has launched two new products targeting the educational sector, increasing their presence in school districts. Although 2020 revenues fell to $2.6 million from $4.3 million in 2019, cost reductions led to a decrease in operating loss. As of March 31, 2021, cash on hand rose to $2.2 million following better expense management and PPP loan receipt.
Barfresh Food Group (OTCQB: BRFH) announced a business update call scheduled for April 14, 2021, at 1:30 PM PT. Interested listeners can join by dialing (877) 407-4018 in North America or (201) 689-8471 internationally. A replay of the call will be available for two weeks post-call, with specific playback numbers provided. The company specializes in frozen, ready-to-blend beverages for the foodservice industry and holds a partnership with a leading food distributor in North America. For more information, visit www.barfresh.com.