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BranchOut Food Inc. - BOF STOCK NEWS

Welcome to our dedicated page for BranchOut Food news (Ticker: BOF), a resource for investors and traders seeking the latest updates and insights on BranchOut Food stock.

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.

News

BranchOut Food Expands Relationship with Nation’s Largest Retailer, Valued at an estimated $7.6M Annually

Rhea-AI Summary
BranchOut Food Inc. (BOF) expands its partnership with the nation's largest retailer, securing contracts for four dehydrated fruit and vegetable-based products, with an estimated annual value of $7.6 million. The company anticipates improved margins from the renewed contract and expects significant growth in sales.
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BranchOut Food Successfully Completes Part of Strategic Collaboration with U.S. Army to Revolutionize MREs with GentleDry Technology

Rhea-AI Summary
BranchOut Food Inc. (NASDAQ: BOF) has completed part of its strategic collaboration with the U.S. Army Combat Capabilities Development Command (DEVCOM) to enhance MREs through its proprietary GentleDry technology. The company expects to conclude the shelf life testing of its snack products in March 2024, aiming to have them integrated into the Military's next generation MREs. BranchOut Food is dedicated to delivering high-quality, natural snacks and superfood ingredients that excel in flavor, color, and nutrition.
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BranchOut Announces Preliminary Q4 2023 Revenue of ~$1.6 Million, 43% Sequential Growth Over the Previous Quarter; Revenue Now at ~$6.4 Million Annual Run Rate

Rhea-AI Summary
BranchOut Food Inc. (BOF) announced preliminary gross revenue for its fourth quarter ended December 31, 2023, reaching approximately $1.6 million, outpacing Q3 2023 gross revenue by 43%. The full year 2022 gross revenue of approximately $888,000 was exceeded by more than 80%. CEO Eric Healy expressed optimism for continued high revenue growth in 2024, with expectations of improving gross margins and ongoing expansion of product lines and customer base.
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BranchOut Food Launches in the Bay Area Region of the Nation’s Largest Warehouse Club

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BranchOut Food Inc. (NASDAQ: BOF) is expanding its partnership with the nation’s largest Club Warehouse Retailer, adding its popular Pineapple Chips to the Bay Area region. The company's branded and private label strategy has been successful, with the first week of sales in the Bay Area Clubs exceeding expectations. In 2023, BranchOut secured placement in the Southern California region of the nation’s largest warehouse club and launched its branded line in approximately 300 Jacksons Food Stores. The company's paleo and plant-based Pineapple Chips are made with 100 percent pure pineapple, providing 170% of the recommended daily value of vitamin C.
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BranchOut Food Closes $400,000 Senior Secured Loan

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BranchOut Food Inc. (NASDAQ: BOF) secures a $400,000 Senior Secured Loan to refinance an existing $200,000 loan due in January 2024 and provide working capital for customer orders. The loan comes from an investor group, including Eagle Vision Fund LP, a current stockholder in Branchout Food. The CEO, Eric Healy, expressed that the funds will help fulfill the growing number of purchase orders and support production ramping, sales and distribution growth, and building on the company's 2023 record sales.
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BranchOut Food Engages PCG Advisory to Expand Investment Outreach

Rhea-AI Summary
BranchOut Food Inc. (NASDAQ: BOF) has engaged PCG Advisory, Inc. to enhance investor relations and strategic communications. The company achieved significant growth in 2023, securing multiple large private label contracts with the nation’s largest retailer, launching its brand in hundreds of grocery and convenience stores, and securing placement in the nation's largest warehouse club in the Southern California and Bay Area regions. In Q4 2023, BranchOut Food notched significant improvement in the top-line and closed debt deals to eliminate or reduce the need for near-term equity. The company also renewed significant private-label contracts with the nation’s largest retailer and completed a three-month sensory evaluation with the U.S. Army with excellent results. BranchOut Food is committed to delivering products that excel in flavor, color, and nutrition, while also providing an exceptional taste experience.
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BranchOut Pre-Announces 325% Revenue Growth in Q3 Over the Previous Quarter. Q3 Beats Full-Year 2022 Revenue by Approximately 50%

Rhea-AI Summary
BranchOut Food Inc. reports Q3 revenue of $1,100,000, surpassing Q2 revenue by 325% and 2022 full-year revenue by 50%. Q4 revenue expected to exceed Q3 due to retailer commitments. Private label strategy validated with contracts with national retailers. Branded snack featured in Southern California warehouse club, expanding to Bay Area in Q4. Expansion into Convenience Store Channel with launch in Jacksons Food Stores and new Grocery Channel launches in Q3.
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BranchOut Food Inc. Announces Participation in the LD Micro Main Event XVI

Rhea-AI Summary
BranchOut Food Inc. (NASDAQ: BOF) will be presenting at the 16th annual Main Event on October 4th. The presentation will cover various topics including BranchOut's technology, commercialization traction, and go-to-market strategy. The event will feature around 200 companies presenting in half-hour increments.
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BranchOut Food Inc. Expands Partnership with EnWave Corporation. Increasing Manufacturing Capacity by an Additional ~$15mm Annually & Secures Additional Product Exclusivities.

Rhea-AI Summary
BranchOut Foods Inc. expands partnership with EnWave Corporation, purchasing a second dehydration machine. The machine is expected to add $15mm in estimated topline capacity. Increased capacity aligns with BranchOut's growth trajectory and recent commitments from major retailers.
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BranchOut Food Inc. Partners with Daymon Worldwide to Propel Private Label Growth

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FAQ

What is the current stock price of BranchOut Food (BOF)?

The current stock price of BranchOut Food (BOF) is $1.77 as of December 17, 2024.

What is the market cap of BranchOut Food (BOF)?

The market cap of BranchOut Food (BOF) is approximately 12.8M.

What does BranchOut Food Inc. specialize in?

BranchOut Food Inc. specializes in the development, marketing, sale, and distribution of plant-based, dehydrated fruit and vegetable snacks and powders.

Where are BranchOut Food's products manufactured?

BranchOut Food's products are manufactured by contract producers in South America and North America using a proprietary dehydration technology.

What are some of BranchOut Food's recent product innovations?

BranchOut Food recently launched a 'Snack Pack' line for children's school lunches and a range of salad toppers, including crispy bell peppers and avocados.

How has BranchOut Food's financial performance been recently?

BranchOut Food reported a 1,407% increase in revenue for Q1 2024, with a gross margin improvement to 19% from -3% the previous year.

What is the GentleDry Technology?

GentleDry Technology is BranchOut's next-generation dehydration method that preserves up to 95% of the original nutrition of fresh fruits and vegetables.

What strategic expansions has BranchOut Food undertaken recently?

BranchOut Food has expanded its operations in Peru, moved to 100% vertical integration, and invested in new dehydration equipment like the 100kW NutraRev System.

Who are BranchOut Food's main customers?

BranchOut Food's main customers include some of the largest retailers in the United States, with significant orders from major warehouse clubs and retailers.

What role does BranchOut Food play in the military sector?

BranchOut Food's GentleDry Technology has been integrated into military rations, indicating reliability and practical application in challenging environments.

What industry events does BranchOut Food participate in?

BranchOut Food participates in events like the Natural Products Expo West to showcase its latest products and engage with potential retail partners.

Where can I find more information about BranchOut Food Inc.?

More information about BranchOut Food Inc. can be found on their website at www.branchoutfood.com, as well as on LinkedIn and Twitter.

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BranchOut Food Inc.

Nasdaq:BOF

BOF Rankings

#5491 Ranked by Market Cap
N/A Ranked by Dividends

BOF Stock Data

12.80M
5.47M
34.39%
3.48%
4.44%
Packaged Foods
Food and Kindred Products
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United States of America
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