Barfresh Expands Annual Production Capacity by Additional 50 million Units with New Third Party Location with Ability for Further Future Expansion
Barfresh Food Group Inc. (Nasdaq: BRFH) has announced a significant expansion in its production capacity, adding a new co-manufacturing location primarily dedicated to producing their recently launched Pop & Go™ Freeze Pops. This new facility increases their annual production capacity by 50 million units, with potential for further expansion.
With the addition of three new third-party locations in the last month, Barfresh has boosted its total annual production capacity to over 120 million units. This strategic move aims to meet current demand, position the company for future growth, and diversify their manufacturing footprint to enhance operational resilience and scalability.
CEO Riccardo Delle Coste emphasized that these expansions, along with key hires and an extended product portfolio, have built a robust foundation for significant revenue expansion, particularly in the education sales channel and other foodservice and retail channels.
Barfresh Food Group Inc. (Nasdaq: BRFH) ha annunciato una significativa espansione della sua capacità produttiva, aggiungendo una nuova sede di co-manifattura principalmente dedicata alla produzione dei loro recenti Pop & Go™ Freeze Pops. Questa nuova struttura aumenta la loro capacità di produzione annuale di 50 milioni di unità, con possibilità di ulteriori espansioni.
Con l'aggiunta di tre nuove sedi terze nell'ultimo mese, Barfresh ha potenziato la sua capacità di produzione annua a oltre 120 milioni di unità. Questa mossa strategica ha l'obiettivo di soddisfare la domanda attuale, posizionare l'azienda per una futura crescita e diversificare il loro footprint produttivo per migliorare la resilienza operativa e la scalabilità.
Il CEO Riccardo Delle Coste ha sottolineato che queste espansioni, insieme a nuove assunzioni chiave e a un portafoglio prodotti ampliato, hanno costruito una solida base per un significativo incremento dei ricavi, in particolare nel canale di vendita per l'istruzione e in altri canali del foodservice e retail.
Barfresh Food Group Inc. (Nasdaq: BRFH) ha anunciado una expansión significativa en su capacidad de producción, añadiendo una nueva ubicación de co-manufactura dedicada principalmente a la producción de sus recientemente lanzados Pop & Go™ Freeze Pops. Esta nueva instalación incrementa su capacidad de producción anual en 50 millones de unidades, con potencial para futuras expansiones.
Con la adición de tres nuevas ubicaciones de terceros en el último mes, Barfresh ha aumentado su capacidad de producción anual a más de 120 millones de unidades. Este movimiento estratégico tiene como objetivo satisfacer la demanda actual, posicionar a la empresa para el crecimiento futuro y diversificar su presencia manufacturera para mejorar la resiliencia operativa y la escalabilidad.
El CEO Riccardo Delle Coste enfatizó que estas expansiones, junto con contrataciones clave y una cartera de productos ampliada, han construido una sólida base para una expansión significativa de ingresos, particularmente en el canal de ventas educativas y otros canales de servicios alimentarios y retail.
Barfresh Food Group Inc. (Nasdaq: BRFH)는 최근 출시된 Pop & Go™ Freeze Pops의 생산을 주로 담당하는 새로운 공동 제조 장소를 추가하여 생산 능력을 대폭 확장한다고 발표했습니다. 이 새로운 시설은 연간 생산 용량을 5천만 개 증가시켜 향후 추가 확장 가능성을 남깁니다.
지난달 세 개의 제3자 위치를 추가함으로써 Barfresh는 연간 총 생산 능력을 1억 2천만 개 이상으로 늘렸습니다. 이 전략적 조치는 현재의 수요를 충족하고, 향후 성장을 위한 회사의 위치를 확보하며, 운영의 탄력성과 확장성을 높이기 위해 제조 발판을 다각화하기 위한 것입니다.
CEO 리카르도 델레 코스테는 이러한 확장과 주요 인력 채용, 확장된 제품 포트폴리오가 교육 판매 채널 및 기타 식품 서비스 및 소매 채널에서 상당한 수익 확장을 위한 강력한 기반을 마련했다고 강조했습니다.
Barfresh Food Group Inc. (Nasdaq: BRFH) a annoncé une expansion significative de sa capacité de production, en ajoutant un nouvel emplacement de co-manufacture principalement dédié à la production de leurs Pop & Go™ Freeze Pops récemment lancés. Cette nouvelle installation augmente leur capacité de production annuelle de 50 millions d'unités, avec un potentiel d'expansion future.
Avec l'ajout de trois nouveaux sites tiers au cours du dernier mois, Barfresh a porté sa capacité de production annuelle totale à plus de 120 millions d'unités. Ce mouvement stratégique vise à répondre à la demande actuelle, à positionner l'entreprise pour une croissance future et à diversifier leur empreinte de fabrication pour améliorer la résilience opérationnelle et la scalabilité.
Le PDG Riccardo Delle Coste a souligné que ces expansions, ainsi que des embauches clés et un portefeuille de produits élargi, ont établi une base solide pour une expansion significative des revenus, en particulier dans le canal de vente éducatif et d'autres canaux de services alimentaires et de vente au détail.
Barfresh Food Group Inc. (Nasdaq: BRFH) hat eine bedeutende Erweiterung seiner Produktionskapazität angekündigt, indem ein neuer Co-Produktionsstandort hinzugefügt wird, der hauptsächlich der Herstellung ihrer kürzlich eingeführten Pop & Go™ Freeze Pops gewidmet ist. Diese neue Einrichtung erhöht die jährliche Produktionskapazität um 50 Millionen Einheiten, mit dem Potenzial für weitere Erweiterungen.
Mit der Hinzufügung von drei neuen Drittanbieterstandorten im letzten Monat hat Barfresh seine gesamte jährliche Produktionskapazität auf über 120 Millionen Einheiten gesteigert. Dieser strategische Schritt zielt darauf ab, die aktuelle Nachfrage zu decken, das Unternehmen für zukünftiges Wachstum zu positionieren und ihre Produktionsbasis zu diversifizieren, um die betriebliche Resilienz und Skalierbarkeit zu verbessern.
CEO Riccardo Delle Coste betonte, dass diese Erweiterungen, zusammen mit wichtigen Neueinstellungen und einem erweiterten Produktportfolio, eine robuste Grundlage für bedeutendes Umsatzwachstum geschaffen haben, insbesondere im Bildungsvertriebskanal und anderen Food-Service- und Einzelhandelskanälen.
- Increased annual production capacity by 50 million units with new co-manufacturing location
- Total annual production capacity boosted to over 120 million units
- Diversified manufacturing footprint with three new third-party locations
- New facility dedicated to producing Pop & Go™ Freeze Pops, targeting the education channel
- Potential for further expansion at the new facility
- None.
Barfresh Food Group's announcement of a new co-manufacturing location is a significant development that could have substantial implications for the company's growth trajectory. The expansion of annual production capacity by
Key financial implications include:
- Increased Revenue Potential: With total annual capacity now exceeding
120 million units, Barfresh has laid the groundwork for substantial revenue growth. This expanded capacity could translate to higher sales volumes, particularly in the education channel where their new Pop & Go™ Freeze Pops are targeted. - Operational Efficiency: The diversification of manufacturing locations reduces reliance on any single facility, potentially leading to improved operational efficiency and risk mitigation. This could result in more stable production costs and better margins in the long term.
- Market Expansion: The increased capacity allows Barfresh to explore new market segments beyond education, including broader foodservice and retail channels. This diversification could lead to a more robust and resilient revenue stream.
However, investors should also consider potential risks:
- Capital Expenditure: While not explicitly stated, this expansion likely involved significant investment. The return on this investment will depend on Barfresh's ability to effectively utilize the new capacity.
- Market Demand: The success of this expansion hinges on the company's ability to generate sufficient demand for its products, particularly the new Pop & Go™ Freeze Pops.
Overall, this expansion represents a bullish signal for Barfresh's growth prospects, but careful execution will be important to realizing the full potential of this increased capacity.
Barfresh's strategic expansion of production capacity signals a confident market outlook and positions the company to capitalize on emerging trends in the ready-to-drink beverage industry. Here's a breakdown of the market implications:
- Education Channel Focus: The emphasis on Pop & Go™ Freeze Pops for the education channel taps into the growing demand for convenient, portion-controlled beverages in schools. This market has significant potential due to increasing awareness of childhood nutrition and the need for healthier beverage options.
- Product Diversification: By expanding capacity for various offerings, Barfresh is hedging against market fluctuations and catering to diverse consumer preferences. This approach could lead to a more stable market position and reduced vulnerability to shifts in any single product category.
- Scalability: The ability to further expand production at the new facility demonstrates foresight in planning for future growth. This scalability is important in the fast-moving beverage industry, allowing Barfresh to quickly respond to market demands and opportunities.
- Competitive Positioning: With over
120 million units of annual production capacity, Barfresh is positioning itself as a significant player in the ready-to-drink and frozen beverage market. This scale could provide advantages in negotiations with suppliers and distributors, potentially leading to improved margins and market share.
However, it's important to note that success in the beverage industry isn't solely about production capacity. Barfresh will need to complement this expansion with effective marketing strategies, continued product innovation and strong distribution partnerships to fully capitalize on its increased capabilities. The company's ability to execute in these areas will be critical in translating production capacity into market success and shareholder value.
Location Primarily Dedicated to Manufacturing Company’s New Pop & Go™ Freeze Pops
Company Has Recently Added Three New Third Party Locations Dramatically Boosting Annual Capacity to Over 120 million Units
LOS ANGELES, July 31, 2024 (GLOBE NEWSWIRE) -- Barfresh Food Group Inc. (the “Company” or “Barfresh”) (Nasdaq: BRFH), a provider of frozen, ready-to-blend and ready-to-drink beverages, today announced a new co-manufacturing location. This new location will primarily be dedicated to manufacturing the Company’s recently launched Pop & Go™ Freeze Pops, as well as some of its other offerings. In addition, this new capacity adds 50 million units annually with the ability for further expansion at this facility in the future. Overall, the Company now has the ability to produce over 120 million units annually of its full range of offerings in all channels.
Riccardo Delle Coste, the Company’s Chief Executive Officer, stated, “In the last month we have added three new third-party locations, thereby growing our manufacturing capacity to over 120 million units annually in order to meet current demand and position ourselves for future success. This latest location will be instrumental in producing our innovative new Pop & Go™ freeze pops, which we believe has tremendous potential in the education channel. The scalability of this new location aligns perfectly with our projected customer acquisition growth. These three key partners are part of our strategic initiative to strengthen and diversify our manufacturing footprint. This approach not only positions us for rapid expansion but also mitigates risks by reducing reliance on any single location, significantly enhancing our operational resilience and scalability.”
“From adding key hires to increasing customer acquisition and extending our product portfolio, we’ve methodically built a robust foundation for significant revenue expansion. These manufacturing partners complete our strategic preparations, enabling us to meet growing demand in our key education sales channel, while also expanding into other foodservice and retail channels, setting the stage for accelerated growth across multiple customer segments.”
About Barfresh Food Group
Barfresh Food Group Inc. (Nasdaq: BRFH) is a developer, manufacturer and distributor of ready-to-blend and ready-to-drink beverages, including smoothies, shakes and frappes, primarily for the education market, foodservice industry and restaurant chains, delivered as fully prepared individual portions or single serving and bulk formats for on-site preparation. The Company’s single serving, on-site prepared product utilizes a proprietary, patented system that uses portion-controlled pre-packaged beverage ingredients, delivering a freshly made frozen beverage that is quick, cost efficient, better for you and without waste. For more information, please visit www.barfresh.com.
Forward Looking Statements
Except for historical information herein, matters set forth in this press release are forward-looking, including statements about the Company’s commercial progress, success of its strategic relationship(s), and projections of future financial performance. These forward-looking statements are identified by the use of words such as “grow”, “expand”, “anticipate”, “intend”, “estimate”, “believe”, “expect”, “plan”, “should”, “hypothetical”, “potential”, “forecast” and “project”, “continue,” “could,” “may,” “predict,” and “will” and variations of such words and similar expressions are intended to identify such forward-looking statements. All statements, other than statements of historical fact, included in the press release that address activities, events or developments that the Company believes or anticipates will or may occur in the future are forward-looking statements. These statements are based on certain assumptions made based on experience, expected future developments and other factors the Company believes are appropriate under the circumstances. Such statements are subject to a number of assumptions, risks and uncertainties, many of which are beyond the control of the Company. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those indicated or anticipated by such forward-looking statements. Accordingly, you are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date they are made. The contents of this release should be considered in conjunction with the Company’s recent filings with the Securities and Exchange Commission, including its Annual Report on Form 10-K, Quarterly Reports on Form 10-Q and Current Reports on Form 8-K, including any warnings, risk factors and cautionary statements contained therein. Furthermore, the Company expressly disclaims any current intention to update publicly any forward-looking statements after the distribution of this release, whether as a result of new information, future events, changes in assumptions or otherwise.
Investor Relations
John Mills
ICR
646-277-1254
John.Mills@icrinc.com
Deirdre Thomson
ICR
646-277-1283
Deirdre.Thomson@icrinc.com
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