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 (OTCQB: BRFH) expects record revenues, predicting fourth quarter 2021 revenues to surpass $2 million, the highest in its history. The company executed a 1-for-13 reverse stock split to meet listing requirements for a National Exchange, effective December 29, 2021. This split reduces outstanding shares from approximately 167.8 million to about 12.9 million. CEO Riccardo Delle Coste announced robust sales growth, particularly in foodservice and schools, and confirmed a strong financial standing with no debt.
Barfresh Food Group has expanded its education program to include 473 new school locations in Florida, serving over 435,000 students. The company's products will feature in breakfast and dinner menus, with the goal of enhancing student meal options. CEO Riccardo Delle Coste announced that the response to their Twist & Go smoothies has been overwhelmingly positive, leading to expectations of achieving the highest quarterly revenue in company history for Q4 2021. This expansion marks a significant growth trajectory for Barfresh in the educational sector.
Barfresh Food Group Inc. (OTCQB: BRFH) has secured a five-year contract with the Army & Air Force Exchange Service (AAFES) to supply its Twist & Go products to 76 school installations. This initiative, part of the AAFES School Meal Program, will provide nutritious meals to students overseas, which meets USDA guidelines for reimbursement. Last year, AAFES served over 3 million meals, highlighting the program's significance. Barfresh aims to expand its presence significantly within the school meal sector, both domestically and internationally.
Barfresh Food Group reported significant growth in its Q3 2021 financial results, showing a 173% increase in revenue year-over-year, reaching $1.9 million. Sequentially, revenue rose by 48%. The company attributes this growth to heightened orders for its Twist & Go product in the school channel, despite losing approximately $200,000 due to supply chain issues. Barfresh has already generated $1.8 million in Q4 2021, marking a 300% increase compared to Q4 2020. The company expects to reach adjusted EBITDA breakeven in Q4 2021, aided by a strong cash position of $6.4 million.
Barfresh Food Group (OTCQB: BRFH) announced a business update call scheduled for November 15, 2021, at 1:30 PM PT. Investors can join by dialing (877) 300-8521 in North America or (412) 317-6026 internationally. A playback will be available two hours post-call until November 29, 2021. Participants can access a webcast on the company's website, with a replay available for 30 days. Barfresh specializes in frozen, ready-to-blend beverages, utilizing a patented system for efficient distribution and quality.
Barfresh Food Group (OTCQB: BRFH) reported a substantial revenue increase of 157% year-over-year for Q2 2021, bringing in $1.3 million, up from $506,000 in Q2 2020. The company has already generated over $1.0 million in revenue in Q3 2021 as it anticipates expanding its school locations. With approximately $7.0 million in cash and improved gross margins of 43%, Barfresh is poised for further growth. The net loss also significantly decreased to $297,000 from $1.2 million a year ago.
Barfresh Food Group (OTCQB: BRFH) has announced a business update call scheduled for August 11, 2021, at 1:30 PM Pacific Time. Interested listeners can join the call via phone or through a webcast on the company's website. A playback of the call will be available for two weeks after the event.
Barfresh specializes in frozen beverages, providing ready-to-blend and ready-to-drink products for the foodservice industry. The company uses a patented system to create cost-efficient, fresh beverages with minimized waste.
Barfresh Food Group (OTCQB: BRFH) supports California's new initiative to provide free breakfast and lunch meals for K-12 students, marking it as the first state to implement such a program. The initiative aims to reduce child hunger and will also support school nutrition workers and bolster the agricultural sector in the state. CEO Riccardo Delle Coste emphasized the company's readiness to supply healthy beverage options that align with USDA standards, enhancing their established presence in California's education system.
Barfresh Food Group (OTCQB: BRFH) completed a $6 million private placement at $0.36 per share, eliminating around $1.5 million in debt. The company expects to be debt-free post-forgiveness of its $0.56 million Paycheck Protection Program loan. CEO Riccardo Delle Coste highlighted improved liquidity and plans for expansion in schools, anticipating double current locations for the new school year. Barfresh aims for significant revenue growth in the latter half of 2021, driven by enhanced products and market share expansion.
Barfresh Food Group (OTCQB: BRFH), a manufacturer of frozen beverages, announced that CEO Riccardo Delle Coste will present at the LD Micro Virtual Invitational XI Conference on June 10, 2021, at 12:00 p.m. ET. Barfresh specializes in ready-to-blend and ready-to-drink beverages, including smoothies and shakes, primarily for restaurants and the foodservice industry. The company utilizes a patented system for portion-controlled, pre-packaged ingredients, ensuring fresh beverages that are cost-efficient and reduce waste. For more details, visit www.barfresh.com.
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