Core Insights - BranchOut Food Inc. has appointed Jesse Thomas as Chief Brand Officer to enhance its direct-to-consumer (DTC) strategy and brand marketing efforts [2][6] - Thomas has a successful background in scaling DTC brands, notably as the Founder & CEO of Picky Bars, which achieved a $12 million acquisition [3][6] - The company aims to leverage Thomas's expertise to drive high-margin revenue streams through e-commerce and subscription models while expanding its retail presence [4][9] Company Strategy - The focus will be on building and launching a DTC website, expanding product lines onto platforms like Amazon, and developing an email subscription program [7] - BranchOut plans to launch a wholesale portal for independent retailers and oversee digital advertising and social media strategies [7] - The company is positioned for sustained revenue growth, with expectations to reach $9 million in revenue in the first half of 2025 and to become cash flow positive starting this quarter [9] Technology and Product Offering - BranchOut Food specializes in high-quality dehydrated fruit and vegetable products using its proprietary GentleDry™ technology, which preserves up to 95% of the original nutrition [10] - The company holds over 17 patents for its technology, establishing itself as a trusted brand and supplier in the market [10] - The focus on nutrient-dense, clean-label snacks aligns with the growing consumer demand for health-conscious products [5][8]

Core Insights - BranchOut Food (NASDAQ: BOF) is experiencing significant growth, with stock prices up 200% from 2024 lows and potential for an additional 1000% increase [1] - The company is ramping production and improving revenue, projecting first-half revenue of $9 million, which indicates strong growth potential in the dehydrated food industry valued between $50 billion and $350 billion annually [2][3] Company Performance - BranchOut Food is in a hypergrowth phase, with Q1 revenue forecasted to grow over 150% and first-half 2025 revenue expected to increase by more than 200% [5] - A new processing plant in Peru has increased production capacity by $40 million annually, enhancing margins by bringing production in-house [5] - The company has manageable debt, with total liabilities about 3 times equity, and is looking to expand capacity further [6] Market Position - BranchOut Food has established a strong position with major clients, including Costco, which is increasing orders, and Taylor Farms, which has placed an initial order worth $175,000 [2][4] - The company is well-positioned to penetrate other grocery chains like Walmart and Kroger, expanding its market share [3] Acquisition Potential - BranchOut Food is considered a desirable acquisition target for larger snack and packaged food companies like PepsiCo and Kraft Heinz, which could leverage its offerings to sustain revenue growth [7] Stock Performance - The stock has shown resilience, with a strong base at $1.20 and positive momentum driven by favorable news cycles [8]

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 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 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 ...