Barfresh Secures $3 Million in Profitable Growth Financing
Barfresh Food Group (Nasdaq: BRFH) has secured a $3 million financing round through common stock issuance at $2.85 per share, primarily from existing shareholders. The funding will support manufacturing expansion to meet growing customer demand, particularly in the education channel.
The capital injection aims to improve margins by scaling production capacity to serve current customer commitments and support profitable growth initiatives. The timing aligns with the company's plans to launch its new Pop & Go™ 100% Juice Freeze Pops in the education market, following positive feedback from initial testing in select schools.
The company expects this financing will enable it to achieve positive cash flow while capitalizing on opportunities within its existing sales pipeline. CEO Riccardo Delle Coste noted that the funding validates their profitable growth strategy and positions them to capture a larger share of the education market.
Barfresh Food Group (Nasdaq: BRFH) ha ottenuto un finanziamento di 3 milioni di dollari attraverso l'emissione di azioni ordinarie a 2,85 dollari per azione, principalmente da parte degli azionisti esistenti. Il finanziamento supporterà l'espansione della produzione per soddisfare la crescente domanda dei clienti, in particolare nel settore dell'istruzione.
Questa iniezione di capitale mira a migliorare i margini aumentando la capacità produttiva per servire gli impegni attuali dei clienti e supportare iniziative di crescita redditizie. Il momento è in linea con i piani dell’azienda di lanciare i nuovi Pop & Go™ 100% Juice Freeze Pops nel mercato dell'istruzione, dopo un feedback positivo dai test iniziali in alcune scuole selezionate.
L’azienda prevede che questo finanziamento le permetterà di raggiungere un flusso di cassa positivo, sfruttando le opportunità all'interno del suo attuale portafoglio di vendite. Il CEO Riccardo Delle Coste ha sottolineato che il finanziamento convalida la loro strategia di crescita profittevole e li posiziona per catturare una quota maggiore del mercato dell'istruzione.
Barfresh Food Group (Nasdaq: BRFH) ha asegurado una ronda de financiamiento de 3 millones de dólares mediante la emisión de acciones comunes a 2,85 dólares por acción, principalmente de accionistas existentes. La financiación apoyará la expansión de la producción para satisfacer la creciente demanda de los clientes, especialmente en el canal educativo.
La inyección de capital tiene como objetivo mejorar los márgenes al aumentar la capacidad de producción para cumplir con los compromisos actuales de los clientes y respaldar iniciativas de crecimiento rentables. La fecha coincide con los planes de la empresa de lanzar sus nuevos Pop & Go™ 100% Juice Freeze Pops en el mercado educativo, después de comentarios positivos de pruebas iniciales en algunas escuelas seleccionadas.
La empresa espera que este financiamiento le permita lograr un flujo de caja positivo mientras capitaliza las oportunidades dentro de su actual pipeline de ventas. El CEO Riccardo Delle Coste señaló que la financiación valida su estrategia de crecimiento rentable y los posiciona para capturar una mayor participación en el mercado educativo.
바프레시 푸드 그룹 (Nasdaq: BRFH)는 기존 주주들로부터 300만 달러 규모의 자금 조달을 확보하였습니다. 주당 2.85달러에 보통주를 발행하는 방식으로 진행되었습니다. 이 자금은 증가하는 고객 수요를 충족하기 위해 제조 확대를 지원할 예정이며, 특히 교육 분야에 중점을 두고 있습니다.
자본 투입은 현재 고객의 약속을 충족하고 수익성 있는 성장 이니셔티브를 지원하기 위해 생산 능력을 확대함으로써 마진을 개선하는 것을 목표로 합니다. 이 시점은 회사가 초기 학교 테스트에서 긍정적인 피드백을 받은 후 교육 시장에서 새로운 Pop & Go™ 100% Juice Freeze Pops을 출시할 계획과 일치합니다.
회사는 이 자금이 긍정적인 현금 흐름을 달성하고 기존 판매 파이프라인 내의 기회를 활용할 수 있도록 할 것으로 기대하고 있습니다. CEO인 리카르도 델레 코스테는 이 자금이 수익성 있는 성장 전략을 검증하고 교육 시장에서 더 큰 점유율을 차지하기 위한 위치를 확립한다고 밝혔습니다.
Barfresh Food Group (Nasdaq: BRFH) a sécurisé une levée de fonds de 3 millions de dollars par l'émission d'actions ordinaires à 2,85 dollars par action, principalement de la part d'actionnaires existants. Ce financement soutiendra l'expansion de la fabrication pour répondre à la demande croissante des clients, en particulier dans le secteur éducatif.
L'injection de capital vise à améliorer les marges en augmentant la capacité de production pour répondre aux engagements actuels des clients et soutenir des initiatives de croissance rentables. Le timing coïncide avec les plans de l'entreprise de lancer ses nouvelles Pop & Go™ 100% Juice Freeze Pops sur le marché éducatif, suite à des retours positifs des tests initiaux dans certaines écoles sélectionnées.
L'entreprise s'attend à ce que ce financement lui permette d'atteindre un flux de trésorerie positif tout en tirant parti des opportunités au sein de son pipeline de ventes actuel. Le PDG Riccardo Delle Coste a souligné que le financement valide leur stratégie de croissance rentable et les positionne pour capturer une plus grande part du marché éducatif.
Barfresh Food Group (Nasdaq: BRFH) hat eine Finanzierungsrunde über 3 Millionen Dollar durch die Ausgabe von Stammaktien zu je 2,85 Dollar pro Aktie, hauptsächlich von bestehenden Aktionären, gesichert. Die Finanzierung wird dazu beitragen, die Produktion zu erweitern, um der wachsenden Kundennachfrage insbesondere im Bildungssektor gerecht zu werden.
Die Kapitalzufuhr zielt darauf ab, die Margen zu verbessern, indem die Produktionskapazität ausgeweitet wird, um aktuellen Kundenverpflichtungen nachzukommen und profitable Wachstumsinitiativen zu unterstützen. Der Zeitpunkt stimmt mit den Plänen des Unternehmens überein, seine neuen Pop & Go™ 100% Juice Freeze Pops auf dem Bildungsmarkt einzuführen, nachdem das ursprünglich in ausgewählten Schulen durchgeführte Testing positives Feedback erhalten hat.
Das Unternehmen erwartet, dass diese Finanzierung es ihm ermöglicht, einen positiven Cashflow zu erzielen, während es die Chancen innerhalb seines bestehenden Vertriebspipelines nutzt. CEO Riccardo Delle Coste bemerkte, dass die Finanzierung ihre Strategie des profitablen Wachstums bestätigt und sie in eine bessere Position versetzt, um einen größeren Anteil am Bildungsmarkt zu gewinnen.
- Secured $3 million in financing at $2.85 per share
- Strong support from existing shareholders indicates confidence
- Expected to achieve positive cash flow
- Positive market feedback for new Pop & Go™ product
- Growing customer base in education channel
- Dilution of existing shareholders through new stock issuance
- Currently not cash flow positive
Insights
This
The strategic allocation of funds reveals three critical focus areas:
- Manufacturing capacity expansion to meet current demand
- Margin improvement through economies of scale
- Support for the Pop & Go™ product launch in the education sector
The education market represents a significant untapped opportunity. With approximately 98,000 public schools in the US, even modest penetration could drive substantial revenue growth. The focus on positive cash flow achievement through this financing suggests a well-defined pathway to profitability, likely within 12-18 months based on typical industry metrics.
The margin improvement strategy through scaled production is particularly compelling. In the beverage industry, manufacturing efficiency typically yields
LOS ANGELES, Feb. 06, 2025 (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 the completion of a
The financing will enable Barfresh to improve margins by scaling production capacity to fully serve current customer commitments and support aggressive profitable growth initiatives to capture opportunities within the existing sales pipeline. The timing of this investment aligns with the Company’s preparations to introduce its new Pop & Go™
Riccardo Delle Coste, the Company’s Chief Executive Officer, stated, “This funding round represents a strong vote of confidence from our existing investors and validates our profitable growth strategy. With this additional capital, we are well-positioned to meet the increasing demand from our customers and capitalize on the significant opportunities in our pipeline. The enthusiastic response to our Pop & Go™ in test markets and this expanded manufacturing capacity will enable us to capture a larger share of the education market, where we’ve only scratched the surface of the opportunity."
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.
Contact
John Mills
ICR
646-277-1254
John.Mills@icrinc.com
Deirdre Thomson
ICR
646-277-1283
Deirdre.Thomson@icrinc.com
FAQ
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