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 Food Group (Nasdaq: BRFH) will hold a business update call on April 27, 2023, at 1:30 pm PT (4:30 pm ET). Investors can join via phone by calling (877) 407-4018 for North America or (201) 689-8471 for international listeners. An audio playback will be available after the call until May 11, 2023, accessible at (844) 512-2921 for North America and (412) 317-6671 for international. The passcode is 13738039. Additionally, the call will be available through a webcast on the company's website in the Investors-Presentations section, with a replay offered for 30 days. Barfresh develops, manufactures, and distributes frozen beverages, focusing on the education market and foodservice industry, delivering products using an efficient, waste-reducing system.
Barfresh Food Group achieved a record revenue of $9.2 million for full year 2022, a 37% increase year-over-year, despite challenges due to a product withdrawal affecting their Twist & Go™ bottles. The company also reported a net loss of $6.2 million for the year. Gross margins improved to 36% in Q4 2022, driven by the launch of a new smoothie carton product. Barfresh aims for record revenue and margin improvement in 2023, focusing on increasing production capacity. The company anticipates achieving better revenue for Q1 2023 compared to Q4 2022, indicating a positive trend going forward.
Barfresh Food Group (Nasdaq: BRFH) will host a business update call on March 2, 2023, at 1:30 PM PT (4:30 PM ET). Investors can participate by calling (877) 407-4018 in North America or (201) 689-8471 internationally. A telephonic playback will be available after the call until March 16, 2023, via (844) 512-2921 or (412) 317-6671 with passcode 13736213. Additionally, a simultaneous webcast can be accessed on the Barfresh website, with a replay available for 30 days. Barfresh specializes in ready-to-blend and ready-to-drink beverages aimed at food service and education markets, utilizing a proprietary system for efficient beverage preparation.
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