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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.
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