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BranchOut Food Inc. (NASDAQ: BOF) is a pioneering food-tech company specializing in the development, marketing, sale, and distribution of plant-based, dehydrated fruit and vegetable snacks and powders. Utilizing a proprietary dehydration technology licensed from a third party, BranchOut Food ensures its products retain up to 95% of the original nutrition of fresh produce. This innovative approach is protected by over 17 patents, underscoring the company's commitment to quality and innovation.
The company's product range includes BranchOut Snacks, BranchOut Powders, and BranchOut Industrial Ingredients. These products are produced by contract manufacturers based in South America and North America. BranchOut Food has recently introduced new product lines, including a 'Snack Pack' line aimed at children's school lunches and a range of salad toppers featuring crispy bell peppers, crispy avocados, and crispy mandarins. These new offerings are part of the company's strategy to diversify and expand its market reach.
BranchOut Food's customer base is primarily located in the United States, and the company has secured significant engagements with major retailers. The company recently reported a 1,407% increase in revenue for Q1 2024 and expects continued growth supported by new contracts totaling approximately $8 million in annualized revenue. The company's gross margin improved to 19% in Q1 2024 and is expected to grow to 40-50% with the expansion of its production facility in Peru.
BranchOut Food's GentleDry Technology has been integrated into military rations, marking a significant milestone in its application and reliability. The company continues to invest in new equipment, including the newly acquired 100kW NutraRev System, which will enhance throughput and improve margins, especially in the B-to-B ingredient space.
BranchOut Food is led by CEO Eric Healy, who emphasizes the company's growth strategy, operational efficiency, and commitment to innovation. The company participates in key industry events like the Natural Products Expo West, showcasing its latest product developments and engaging with potential retail partners.
BranchOut Food is not just a provider of high-quality dehydrated products; it is a trusted brand and private label supplier. The company's strategic location in Peru, access to fresh produce, and strong relationships with local farmers provide it with a competitive edge in the market.
For more information about BranchOut Food Inc. and its products, please visit www.branchoutfood.com and follow the company on LinkedIn and Twitter.
BranchOut Food (NASDAQ: BOF) announced the acquisition of a 10kW Radiant Energy Vacuum machine from EnWave for its new large-scale facility in Peru.
This machine will be important for R&D, rapid product development, and scaling up production to meet demands from major retailers.
The factory has a $40 million production capacity and is anticipated to enhance BOF's gross margins by 40-50%.
Currently, BOF is fulfilling orders worth over $9 million from leading retailers and expects additional orders throughout 2024.
The new facility and technology aim to fortify BOF's position as an innovative partner for major brands.
BranchOut Food (NASDAQ: BOF) has successfully completed a key six-month shelf-life test in collaboration with the U.S. Army Combat Capabilities Development Command (DEVCOM) for their GentleDry technology used in Meals Ready-to-Eat (MREs). The sensory panels reported exceptional scores for all products, meeting the prerequisites for the next phase of testing: Initial Operational Test and Evaluation (IOT&E). CEO Eric Healy highlighted the significance of this achievement, emphasizing the quality and consistency of BranchOut's dehydration technology. This milestone could pave the way for BranchOut's technology to be included in U.S. Army rations, promising improved nutritional value and taste for military personnel.
BranchOut Food (NASDAQ: BOF), a food tech firm specializing in dehydrated products, has secured a third EnWave dehydration machine for its new Peru facility. This addition is expected to enhance production capacity to $40M with 40-50% gross margins. The new 100kW NutraRev System will improve throughput and margins, especially for B-to-B ingredients. BranchOut also has significant orders, including $8M from the largest retailer and $1.1M from the largest warehouse club. The Peru facility's strategic location offers fresh produce and low-cost labor, boosting BranchOut's competitive edge. CEO Eric Healy emphasized the expansion's role in scaling operations and capturing market share.
BranchOut Food (NASDAQ: BOF) announced record Q1 2024 results, achieving a remarkable 1,407% revenue increase to $1.47 million compared to $97,000 in Q1 2023. Gross margin improved significantly to 19%, up from -3% last year. The company secured $8 million in recurring revenue and $1.1 million in rotational retailer commitments from a major warehouse club. Recent accomplishments include retail expansion, securing a new production facility in Peru to boost efficiency, and a successful sale of notes and warrants raising $1,150,000. New product lines such as salad toppers and kids' snack packs were launched, and strategic partnerships were expanded. The company expects gross margins to increase to 40-50% with the new facility and remains focused on achieving profitability and enhancing shareholder value.
BranchOut Food (NASDAQ: BOF) has secured a long-term lease for a 50,000 square foot production facility in Peru. The build-out will start immediately, with production expected in Q3 2024. This facility, which BranchOut has the option to purchase within the 10-year lease term, will support the company's expansion due to increasing demand for its dehydrated fruit and vegetable products. The facility will house BranchOut's existing dehydration machine and a second one to be installed soon.
The new facility is expected to yield up to $40 million in production capacity with 40-50% gross margins. The move to Peru, a key agricultural region, will enable BranchOut to control quality, planning, and costs, leveraging strong relationships with local farmers for fresh produce at low costs. This strategic expansion aims to meet the growing demand from major U.S. retailers, thereby enhancing operational efficiency and profitability.
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