Core Insights - BranchOut Food Inc. projects record-breaking growth with anticipated revenue of $9 million in H1 2025, representing a 218% year-over-year increase driven by strong sales performance and partnerships [2][5] - The company has secured a commitment from the nation's largest warehouse club for four products, expanding its product offerings and regional presence across four major markets [3][5] - BranchOut's new facility in Peru, the world's largest GentleDry™ production hub, is now operational with an annual production capacity exceeding $40 million, enabling the company to meet growing demand [4][8] Financial Performance - Projected H1 2025 revenue of $9 million, up 218% from the previous year, indicates strong momentum for the company [5] - Positive cash flow is expected to begin in Q1 2025, driven by increased demand and operational efficiencies [8] Product and Market Expansion - The partnership with the warehouse club will roll out five products across four regions, highlighting the company's innovation and consumer demand [3][5] - New partnerships in the Midwest and Northeast regions are anticipated to further enhance growth opportunities later in 2025 [3] Operational Capacity - The fully operational 50,000-square-foot facility in Peru is fulfilling orders at scale, marking a significant milestone for BranchOut [4][5] - The facility's three production lines are designed to support the company's rapid growth trajectory and meet significant market demand [8] Technology and Innovation - BranchOut's patented GentleDry™ technology preserves up to 95% of the original nutrition of fresh produce, setting the company apart in the premium snack market [9] - The technology is protected by over 17 patents, reinforcing BranchOut's position as a trusted brand and supplier in the food technology sector [9]

Core Insights - BranchOut Food Inc. projects record-breaking growth with anticipated revenue of $9 million in H1 2025, representing a 218% year-over-year increase driven by strong sales from a major warehouse club [1][4] - The partnership with the nation's largest warehouse club involves the rollout of four BranchOut products across four regions, highlighting the company's innovation and consumer demand [2][4] - The newly operational 50,000-square-foot facility in Peru has an annual production capacity exceeding $40 million, establishing it as the world's largest GentleDry™ production hub [3][6] Financial Performance - H1 2025 revenue is projected at $9 million, a significant increase of 218% compared to the previous year, with strong momentum expected to continue throughout 2025 [4][7] - The partnership with the warehouse club is expected to generate $4 million in sales during H1 2025 [4] - The company is on track to achieve positive cash flow starting in Q1 2025, driven by increased demand and operational efficiencies [4][7] Product and Market Expansion - The warehouse club has committed to four BranchOut products, with plans to expand to five items across four regions, showcasing the company's product quality and market potential [2][4] - New partnerships in the Midwest and Northeast regions are anticipated to further enhance growth opportunities later in the year [2] - The product offerings include Organic Chewy Banana Bites, Bell Pepper Crisps, Brussels Sprout Crisps, Pineapple Chips, and Crunchy Strawberry Halves across various regions [5] Operational Efficiency - The Peru facility is fully operational with three production lines, enabling the company to meet significant demand and fulfill orders efficiently [3][6] - The GentleDry™ technology allows for the production of premium snacks at competitive costs while maintaining high quality [6][7] - The operational efficiency and capacity of the Peru facility are expected to support the company's rapid growth trajectory [7] Company Overview - BranchOut Food specializes in high-quality dehydrated fruit and vegetable-based products using its proprietary GentleDry™ technology, which preserves up to 95% of the original nutrition [8] - The company holds over 17 patents for its dehydration technology, positioning it as a trusted brand and supplier in the premium snack market [8]

Core Insights - BranchOut Food Inc. projects a record-breaking revenue of $9 million in H1 2025, representing a 218% year-over-year increase, driven by strong sales from the nation's largest warehouse club [3][5] - The company has expanded its product offerings and regional presence, moving away from traditional single-product strategies, which is expected to enhance growth [3][4] Financial Performance - For the three months ended May 31, 2024, net sales reached $5,031,000, a 40% increase from $3,603,000 in 2023 [1] - Gross profit increased to $2,454,000, up 38% from $1,777,000, with a gross margin of 48.80% [1] - Operating income improved significantly to $238,000 from a loss of $92,000, marking a 359% change [1] - Net income surged to $331,000, a 525% increase from $53,000, with a net margin of 6.60% [1] Product and Market Expansion - The warehouse club has committed to four BranchOut products, with plans to roll out five items across four regions, indicating strong consumer demand [4][5] - New partnerships in the Midwest and Northeast regions are expected to contribute to further growth later in 2025 [4] Operational Developments - BranchOut's Peru facility is now fully operational, with three production lines exceeding $40 million in annual capacity, marking it as the world's largest GentleDry™ production hub [7][8] - The facility has already shipped its first three containers, demonstrating readiness to meet significant demand [8] Future Outlook - The company is on track to achieve positive cash flow beginning in Q1 2025, driven by increased demand and cost efficiencies [5][10] - The rapid adoption of BranchOut's products across major retail and ingredient channels signals long-term growth potential in the premium snack and ingredient market [10]

Core Insights - BranchOut Food Inc. has signed a Letter of Intent (LOI) with a leading distributor in the dried food ingredient sector, aiming for significant growth in the ingredient channel with projected sales of $5-6 million in 2025 [2][4] - The initial purchase order issued alongside the LOI is valued at approximately $250,000, setting the stage for a definitive agreement expected in January 2025 [3][5] - The new production facility in Peru is fully operational, featuring the world's largest GentleDry™ capacity, which positions the company to disrupt the $36 billion freeze-dry market [5][6] Company Developments - The partnership with the ingredient distributor is a crucial step in BranchOut's three-channel sales strategy, which includes branded and private label retail [4][5] - The Peru facility supports an annual production capacity of $40 million, enhancing the company's ability to scale efficiently and drive profitability [5] - BranchOut's GentleDry™ technology preserves up to 95% of the original nutrition of fresh produce, offering superior quality and taste, and is protected by over 17 patents [7] Market Context - The freeze-dried market is valued at $36 billion and is growing at a CAGR of 7.6%, with potential price increases due to tariffs on Chinese imports [6] - BranchOut Food's GentleDry™ technology is positioned to replace traditional freeze-drying methods, providing cost-effective and high-quality alternatives [6][7]

Revenue and Profitability - Net revenue for the three months ended September 30, 2024, was $2,181,495, an increase of $1,274,499, or 141%, compared to $906,996 for the same period in 2023[149] - Gross profit for the three months ended September 30, 2024, was $336,340, representing gross margins of 15%, compared to a gross loss of $27,607, or negative gross margins of 3%, for the same period in 2023[150] - Net revenue for the nine months ended September 30, 2024, was $5,011,497, an increase of $3,664,096 or 272% compared to $1,347,401 in the same period of 2023[158] - Cost of goods sold increased to $4,242,810, up $2,819,764 or 198% from $1,423,046 in 2023, resulting in a gross profit of $768,687 with a gross margin of 15%[159] Expenses - Cost of goods sold for the three months ended September 30, 2024, was $1,845,155, an increase of $910,552, or 97%, compared to $934,603 for the same period in 2023[150] - General and administrative expenses for the three months ended September 30, 2024, were $560,537, an increase of $330,078, or 143%, compared to $230,459 for the same period in 2023[151] - General and administrative expenses rose to $1,201,474, an increase of $649,084 or 118% from $552,390 in 2023, driven by higher advertising, rent, and travel costs[160] - Salaries and wages increased to $1,257,316, up $346,504 or 38% from $910,812 in 2023, largely due to $408,700 in non-cash stock-based compensation[161] - Professional fees increased to $1,064,567, an increase of $544,061 or 105% from $520,506 in 2023, attributed to higher legal and consulting fees[162] - Other expense for the three months ended September 30, 2024, was $367,650, primarily due to increased interest expense related to funding expansion into Peru[155] Losses - Net loss for the three months ended September 30, 2024, was $1,270,805, an increase of $564,812, or 80%, compared to $705,993 for the same period in 2023[156] - Net loss for the nine months ended September 30, 2024, was $3,264,326, an increase of $807,730 or 33% compared to $2,456,596 in 2023, primarily due to increased compensation and compliance costs[164] - The company has incurred recurring losses resulting in an accumulated deficit of $16,074,867 as of September 30, 2024[141] Cash Flow - Net cash used in operating activities was $3,259,049 for the nine months ended September 30, 2024, compared to $3,258,248 in 2023, reflecting a slight increase due to higher net loss and inventory purchases[169] - Net cash used in investing activities surged to $2,095,691, an increase of $2,029,126 or 3,048% from $66,565 in 2023, mainly due to property and equipment purchases[170] - Net cash provided by financing activities was $5,767,938, an increase of $1,983,088 or 52% from $3,784,850 in 2023, driven by increased net proceeds from debt financing[171] Expansion Plans - The company has initiated its own production facility in Peru, which commenced operations in October 2024, utilizing three large-scale REV machines[138] - The lease for the Peru facility requires monthly payments starting at $8,000 for the first two years, increasing to $25,000 thereafter[144] - The company plans to grow revenues by penetrating the multi-billion dollar grocery market and expanding its product lines[140]

BranchOut Food Shareholder Update: Projects $15M Run Rate and Positive Cash Flow for Q1 2025 Amid Surge in New Orders as Peru Factory Opens BranchOut Peru Facility Now Operational, Driving Profitability Through High-Margin ProductionKey Highlights:Projecting $3.8M in Q1 revenue, with strong growth throughout the yearInflecting to Positive Cash Flow Beginning in Q1 2025Peru Facility Now Operational, Producing Initial Orders and Capturing High MarginsNation’s Largest Warehouse Club Reorders $1.7M After Stron ...

BranchOut Food estimated to finish year at $8 million in Net Revenue Net Revenue for 1st half 2024 up over 640% from revenue in 1st half 2023 The Company estimates $5 million in Revenue for 2nd half of 2024, double that of the same period last year, to finish 2024 near $8 million Opening new production facility in Peru with about $40 mm in capacity with first production anticipated in October Completed combined financing of $5.4 million in June and July 2024 to finance completion of new production facility ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ________to ________. Commission File Number 001-41723 BRANCHOUT FOOD INC. (Exact name of registrant as specified in its charter) Nevada 81-3980472 (State or other jurisdi ...

BranchOut Food is currently filling orders valued at over $8 million from some of the country's largest retailers but has turned down additional orders in the trailing twelve months as it awaits the new factory opening. Eric Healy, CEO of BranchOut Food, said: "We believe BranchOut is at its inflection point. This capital will allow us to complete the construction of our large-scale production factory in Peru, giving us the capacity to manufacture our orders with significantly improved margins and control. ...

BEND, OR, June 28, 2024 – BranchOut Food Inc. (NASDAQ: BOF), ("BranchOut" or the "Company"), a leading food technology company specializing in dehydrated fruit and vegetable-based products, today announced the closing of its underwritten public offering of 1,750,000 shares of common stock at a public offering price of $0.80 per share. The gross proceeds from the offering, before underwriting discounts and commissions and estimated offering expenses payable by the Company, are approximately $1,400,000. In ad ...