Welcome to our dedicated page for Barfresh Food Group news (Ticker: BRFH), a resource for investors and traders seeking the latest updates and insights on Barfresh Food Group stock.
Barfresh Food Group Inc develops, manufactures, and distributes ready-to-blend frozen beverages, including smoothies, shakes, and frappes for restaurant chains and the foodservice industry. The company's proprietary, patented system uses portion-controlled pre-packaged beverage ingredients that deliver freshly made frozen beverages that are quick, cost-efficient, and without waste. Barfresh provides both a single-serve solution and a bulk format solution, ideal for high-volume locations. It has seven flavors available as part of its standard line: vanilla shake, Caribbean smoothie, triple berry smoothie, caramel macchiato frappe, strawberry banana smoothie, mocha frappe, and mango burst smoothie. The company also has the development capabilities to deliver custom flavors.
Barfresh, a provider of frozen, ready-to-blend, and ready-to-drink beverages, announced its latest expansion in the education sector. The company secured 542 new school locations across multiple states, catering to over 390,000 students for the 2024-2025 school term. This is part of a larger initiative, with over 3,100 new school locations acquired in the past month, representing over 2.2 million students. Barfresh attributes this growth to strategic national broker coverage, increased production capacity, and reintroduction of its 100% juice concentrate offering. CEO Riccardo Delle Coste highlighted the company's ongoing efforts to ensure product supply and exceptional service levels, projecting record fiscal year 2024 revenue and margin expansion.
Barfresh Food Group, a provider of frozen, ready-to-blend and ready-to-drink beverages, announced its participation in the Spring MicroCap Rodeo Conference on June 6, 2024, in New York City. The company's management team is scheduled to present at 9:00 AM Eastern Time on that day. For those unable to attend in person, the presentation will be available online. Additionally, Barfresh will host one-on-one meetings with approved investors throughout the conference. More details and registration options are available on the MicroCap Rodeo website.
Barfresh Food Group (Nasdaq: BRFH) reported its first quarter 2024 results, showing a record revenue of $2.8 million, a 35% increase year-over-year. The company also achieved its first positive Adjusted EBITDA of $53,000, up from a loss of $544,000 in Q1 2023. Gross margins improved slightly to 41.4% from 40.9%. The net loss reduced to $449,000 from $889,000, driven by increased revenue, margin improvement, and cost-saving measures. The company expanded its sales broker network, adding over 2,600 schools, and aims to achieve its highest annual revenue in fiscal year 2024. Despite ongoing legal disputes with a former supplier, Barfresh remains optimistic about its growth trajectory.
Barfresh Food Group Inc. announced an agreement with the largest regional sales broker in the Southeast, adding 82 new sales people to represent its product line across various customer segments. This move is expected to significantly boost the company's sales footprint, drive customer momentum, and lead to projected record revenue in fiscal year 2024.
Barfresh Food Group Inc. continues to expand its presence in the education channel by securing 443 new school customer locations across multiple states, serving over 360,000 students. This growth in customer acquisition is expected to drive record revenue and margin expansion in fiscal year 2024. The company's CEO expressed optimism about the long-term growth potential fueled by new hires, expanded product offerings, and an increased sales network.
Barfresh Food Group Inc. announced the appointment of Marko Matla as Vice President of Supply Chain & Co-Manufacturing. Matla brings over 25 years of experience in supply chain management and will focus on optimizing operations, collaborating with production partners, and launching new products to improve customer service and increase sales in fiscal year 2024.
Barfresh Food Group Inc. (Nasdaq: BRFH) will host a business update call on May 15, 2024, to discuss frozen, ready-to-blend, and ready-to-drink beverages. The call will be accessible via phone and webcast, with a telephonic playback option available. Interested parties can dial in or log onto the company's website for more information.
Barfresh Food Group Inc. (Nasdaq: BRFH) has secured seven school co-operatives, serving over 2,200 school locations and approximately 1.5 million students, for the upcoming fall. The company anticipates achieving its highest annual revenue in Fiscal Year 2024, with year-over-year margin improvement. Barfresh continues to expand its presence within the education channel, offering a variety of products such as carton and bottle smoothies, 5:1 100% juice concentrates, and 1:1 bulk easy pour smoothie concentrates. The CEO, Riccardo Delle Coste, attributes this success to strategic initiatives, increased production capacity, and product diversification. The company is set to release new smoothie offerings, including a new Tropical Smoothie flavor for Twist & Go, in the near future.
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