Barfresh Food Group Inc. - BRFH STOCK NEWS

Barfresh Food Group (Nasdaq: BRFH) reported a 25% year-over-year revenue increase for Q3 2022, reaching $2.4 million. The growth primarily stems from improved Twist & Go™ sales in the school channel. However, the company faced quality issues with a bottling manufacturer, necessitating a product withdrawal that impacted revenue by $1.2 million. Gross margins dropped to -30% from 37% a year prior due to these issues, and the net loss widened to $2.7 million from $508,000. The company is pursuing legal action to address the manufacturing dispute.

Barfresh Food Group has announced a rescheduling of its third quarter business update call from November 14, 2022, to November 10, 2022, at 1:30 PM PT (4:30 PM ET). The company, listed on Nasdaq under the symbol BRFH, focuses on providing frozen, ready-to-blend, and ready-to-drink beverages. Participants can join via phone or listen to a webcast on their website. A playback will be available after the call until November 24, 2022, with specific dial-in instructions provided.

Barfresh Food Group (Nasdaq: BRFH) will host a business update call on November 14, 2022, at 1:30 PM PT. Investors can join by calling (888) 349-0098 (North America) or (412) 902-4285 (international). A playback will be available post-call until November 28, 2022, at (844) 512-2921 (North America) and (412) 317-6671 (international) with passcode 10172684. A webcast will also be offered on the company's website for 30 days. Barfresh specializes in ready-to-blend and ready-to-drink beverages, primarily targeting the education and foodservice sectors.

Barfresh Food Group (Nasdaq: BRFH) reported a 115% increase in revenue for Q2 2022, reaching $2.8 million compared to $1.3 million in Q2 2021. This growth is attributed to rising Twist & Go sales, particularly in the school sector. The company anticipates achieving record revenues in Q3, aided by a new manufacturing agreement to enhance production and cost efficiency. Gross margins fell to 32%, down from 43% in the previous year due to inflationary pressures. Despite sales growth, Barfresh recorded a net loss of $0.7 million and an Adjusted EBITDA loss of $431,000.

Barfresh Food Group (Nasdaq: BRFH) announced a business update call scheduled for July 28, 2022, at 1:30 PM PT (4:30 PM ET). Listeners in North America can dial (877) 407-4018, while international listeners can reach (201) 689-8471. A playback will be available two hours post-call until August 11, 2022. Additionally, a webcast will be accessible through the company’s website. Barfresh specializes in ready-to-blend and ready-to-drink beverages, targeting the education and foodservice sectors.

Barfresh Food Group, Inc. (Nasdaq: BRFH) has been included in the Russell Microcap® Index effective June 27, 2022. This membership, which is valid for one year, signifies the company's improved market capitalization and style attributes. CEO Riccardo Delle Coste stated that this recognition reflects Barfresh's strong growth and product expansion efforts over the past year. The Russell indexes are widely used by investment managers, with approximately $12 trillion in assets benchmarked against them, potentially enhancing Barfresh's visibility in the investment community.

Barfresh Food Group (Nasdaq: BRFH) announced its participation in the LD Micro Invitational XII Conference, scheduled for June 7-9, 2022, at Four Seasons Westlake Village. Company's CEO Riccardo Delle Coste and CFO Lisa Roger will present on June 7, 2022, at 1:00 pm PT (4:00 pm ET). Barfresh specializes in frozen, ready-to-blend beverages designed for the education, foodservice, and restaurant sectors, utilizing a patented system for convenient on-site preparations. The company has partnered with a leading food distributor in North America. For more details, visit www.barfresh.com.

Barfresh Food Group has expanded its education program to include 22 new school districts, reaching about 240,000 students across 235 locations in the Midwest. This strategic move will provide Barfresh’s frozen beverage offerings to students 2 to 5 times a week. CEO Riccardo Delle Coste highlighted the company's growth momentum and plans to further expand its sales team to pre-COVID levels. The company aims to maintain this growth into the 2022-2023 school year, signaling strong potential for revenue increase.

Barfresh Food Group (BRFH) reported a 149% revenue increase to $2.5 million for Q1 2022, attributed to strong sales in the school channel and recovering bulk products. Gross margins slightly decreased to 32% from 34% due to rising costs. The company faces challenges with a $0.9 million net loss, up from the previous year, driven by higher general and administrative expenses of $1.5 million. Cash reserves stand at $4.5 million. Management is optimistic about upcoming sales growth and margin improvements.