Core Viewpoint - Barfresh Food Group Inc. (BRFH) is anticipated to report a year-over-year decline in earnings due to lower revenues for the quarter ended March 2025, with a consensus outlook indicating a loss of $0.05 per share and revenues of $2.7 million, down 4.6% from the previous year [1][3]. Earnings Expectations - The upcoming earnings report is scheduled for May 1, and the stock may experience upward movement if the reported numbers exceed expectations, while a miss could lead to a decline [2]. - The consensus EPS estimate has been revised 20% lower in the last 30 days, reflecting a reassessment by analysts [4]. Earnings Surprise Prediction - The Zacks Earnings ESP model indicates that the Most Accurate Estimate for Barfresh is the same as the Zacks Consensus Estimate, resulting in an Earnings ESP of 0% [10][11]. - The stock currently holds a Zacks Rank of 5, making it challenging to predict an earnings beat [11]. Historical Performance - In the last reported quarter, Barfresh was expected to post a loss of $0.01 per share but actually reported a loss of $0.06, resulting in a surprise of -500% [12]. - Over the past four quarters, the company has only beaten consensus EPS estimates once [13]. Industry Comparison - Coca-Cola (KO), another player in the beverages industry, is expected to report earnings of $0.71 per share for the same quarter, reflecting a year-over-year change of -1.4% and revenues of $11.12 billion, down 1.6% [17]. - Coca-Cola's consensus EPS estimate has been revised 0.3% upward in the last 30 days, but it currently has an Earnings ESP of -0.86%, indicating difficulty in predicting an earnings beat [18].

LOS ANGELES, April 17, 2025 (GLOBE NEWSWIRE) -- Barfresh Food Group Inc. (the "Company" or "Barfresh") (NASDAQ:BRFH), a provider of frozen, ready-to-blend and ready-to-drink beverages, today announced that it will host a business update call on Thursday, May 1, 2025 at 1:30 pm Pacific Time (4:30 pm Eastern Time). Listeners can dial (877) 407-4018 in North America, and international listeners can dial (201) 689-8471. A telephonic playback will be available approximately two hours after the call concludes and ...

Barfresh Food Group, Inc. (NASDAQ:BRFH) Q4 2024 Earnings Conference Call March 27, 2025 4:30 PM ET Company Participants Riccardo Delle Coste - Founder & Chief Executive Officer Lisa Roger - Chief Financial Officer Conference Call Participants Nicholas Sherwood - Maxim Group Operator Good afternoon everyone and thank you for participating on today's Fourth Quarter and Full Year 2024 Corporate Update Call for Barfresh Food Group. Joining us today is Barfresh Food Group's Founder and CEO, Riccardo Delle Coste; ...

Company Performance - Barfresh Food Group Inc. reported a quarterly loss of $0.06 per share, which was worse than the Zacks Consensus Estimate of a loss of $0.01, representing an earnings surprise of -500% [1] - The company posted revenues of $2.79 million for the quarter ended December 2024, missing the Zacks Consensus Estimate by 32%, compared to year-ago revenues of $1.92 million [2] - Over the last four quarters, Barfresh has surpassed consensus EPS estimates only once and has topped consensus revenue estimates two times [2] Stock Movement and Outlook - Barfresh Food Group shares have increased by approximately 12.9% since the beginning of the year, contrasting with the S&P 500's decline of -2.9% [3] - The current consensus EPS estimate for the upcoming quarter is -$0.01 on revenues of $4.14 million, and for the current fiscal year, it is -$0.04 on revenues of $18.11 million [7] - The estimate revisions trend for Barfresh is mixed, resulting in a Zacks Rank 3 (Hold), indicating expected performance in line with the market in the near future [6] Industry Context - The Beverages - Soft drinks industry, to which Barfresh belongs, is currently in the top 32% of over 250 Zacks industries, suggesting a favorable outlook compared to the bottom 50% [8] - Empirical research indicates a strong correlation between near-term stock movements and trends in earnings estimate revisions, which can be tracked by investors [5]

Financial Data and Key Metrics Changes - Revenue for Q4 2024 was $2.8 million, up from $1.9 million in Q4 2023. Full-year revenue for 2024 reached a record $10.7 million, compared to $8.1 million in 2023 [18] - Gross margin for Q4 2024 was 26%, down from 33% in Q4 2023. Full-year gross margin for 2024 was 34%, compared to 35% in 2023 [19] - Net loss for Q4 2024 was $852,000, compared to a net loss of $701,000 in Q4 2023. Full-year net loss for 2024 was comparable to 2023 at $2.8 million [23] Business Line Data and Key Metrics Changes - The increase in revenue was primarily due to expanded bottle production capacity and improvements in smoothie carton and bulk sales [18] - The new product, Pop and Go 100% juice freeze pops, was launched in Q4 2024, targeting a larger market opportunity compared to previous offerings [12] Market Data and Key Metrics Changes - The company has achieved 95% coverage across the U.S. education channel but is only at 5% market penetration, indicating significant growth potential [14] Company Strategy and Development Direction - The company made strategic investments and operational enhancements in 2024, positioning itself for sustained growth and expecting revenue growth of 35% to 55% in 2025 [9][10] - The onboarding of new co-manufacturers is expected to be completed by Q2 2025, which will enhance manufacturing capacity in time for the back-to-school demand [11] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in achieving meaningful margin improvement as operational investments yield results, with expectations for significant revenue growth in 2025 [15][16] - The company is optimistic about the potential positive effects of changes in educational funding on its products [42] Other Important Information - The company raised $3 million through the sale of common stock and secured a $1.5 million line of credit to support its growth strategy [13][27] - Adjusted EBITDA loss for Q4 2024 was approximately $561,000, compared to a loss of $427,000 in Q4 2023, while the full-year adjusted EBITDA loss improved to $1.3 million from $1.7 million [24] Q&A Session Summary Question: Expectations for the new Pop and Go freeze pops - Management indicated that it is early days for the product, which was launched late in Q4, but feedback has been positive and bids are in process [34][35] Question: Customer relationships during production issues - Management acknowledged that production issues tested customer relationships but noted that customers are eager for the product and are waiting for supply to stabilize [37][38] Question: Customer concerns regarding funding cuts - Management reported no direct negative feedback from customers regarding budgetary constraints, suggesting that some funding cuts could potentially benefit their products in schools [41][42]

Revenue Performance - Revenue increased to $10,717,000 in 2024, up by $2,590,000 or 32% from $8,127,000 in 2023, driven by higher sales of Twist & Go smoothies and bulk products [120]. Cost and Expenses - Cost of revenue rose to $7,049,000 in 2024, an increase of $1,806,000 or 34% compared to $5,243,000 in 2023, primarily due to production line relocation costs [121]. - Selling, marketing, and distribution expenses increased by $525,000 (20%) to $3,139,000 in 2024 from $2,614,000 in 2023 [123]. - General and administrative expenses rose by $357,000 (13%) to $3,043,000 in 2024, with stock-based compensation increasing by $241,000 (44%) [127][129]. - Interest expense increased to $52,000 in 2024 from $8,000 in 2023, attributed to a new receivables-based line of credit [132]. Profitability - Gross profit for 2024 was $3,668,000 (34% margin), compared to $2,884,000 (36% margin) in 2023; excluding relocation costs, gross profit was $3,951,000 (37% margin) [122]. - Net losses were approximately $2,825,000 in 2024, slightly higher than the $2,824,000 loss in 2023 [133]. Working Capital and Financing - Working capital decreased to $606,000 as of December 31, 2024, down from $2,345,000 at the end of 2023, primarily due to losses incurred [136]. - The company executed a $2,000,000 convertible debt offering, with $1,390,000 issued and converted into approximately 820,000 shares of common stock [134]. Operational Efficiency - The introduction of carton packaging in 2023 has not fully mitigated supply loss, but expanded manufacturing capacity is expected to improve efficiency in 2025 [137].

Revenue Growth - Company achieved record fiscal year revenue of $10.7 million for 2024, up from $8.1 million in 2023, representing a 32% increase [6] - Fourth quarter revenue was $2.8 million, compared to $1.9 million in Q4 2023, marking a 47% year-over-year growth [3] - Company expects record revenue for fiscal year 2025 in the range of $14.5 million to $16.6 million, indicating a potential growth of 35% to 55% [16] Profitability and Margins - Gross margin for fiscal year 2024 was 34%, slightly down from 35% in 2023, while adjusted gross margin improved to 37% from 35% [6] - Adjusted EBITDA loss for the full year 2024 improved to $1.3 million from a loss of $1.7 million in 2023 [8] - Selling, marketing, and distribution expenses for 2024 were $3.1 million, or 29% of revenue, down from 32% in 2023 [7] Losses - Net loss for the fourth quarter of 2024 was $852,000, compared to a loss of $701,000 in Q4 2023 [4] Future Outlook - Company anticipates consistent revenue and margins in Q1 2025, with significant growth expected in the latter half of the year [15] - Company is focused on expanding its product portfolio and customer base, particularly in the education market [2] Financing and Investment - Company raised $3 million in growth financing to enhance production capacity and support market expansion [14]

Core Insights - The company achieved record revenue of $10.7 million for fiscal year 2024, a significant increase from $8.1 million in 2023, driven by expanded production capacity and improved sales [6][8] - The company launched Pop & Go™ 100% Juice Freeze Pops, generating initial revenue in Q4 2024 [1] - The company raised $3 million in growth financing to enhance manufacturing and market expansion [1][14] - For fiscal year 2025, the company projects revenue between $14.5 million and $16.6 million, indicating continued growth [1][16] Financial Performance - Q4 2024 revenue was $2.8 million, up from $1.9 million in Q4 2023, attributed to increased production capacity and higher sales volumes [3][11] - Gross margin for Q4 2024 was 26%, down from 33% in Q4 2023, due to temporary production inefficiencies and increased logistics costs [3][7] - Adjusted gross margin for Q4 2024 was 30%, compared to 33% in the prior year [3][7] - The net loss for Q4 2024 was $852,000, compared to a loss of $701,000 in Q4 2023 [4][11] - For the full year 2024, the net loss remained consistent at $2.8 million, similar to 2023 [8][11] Operational Insights - The company experienced increased selling, marketing, and distribution expenses, totaling $3.1 million for the full year 2024, which is 29% of revenue [8][11] - General and administrative expenses rose to $3.0 million in 2024, driven by increased headcount and stock-based compensation [8][11] - Adjusted EBITDA for the full year 2024 improved to a loss of $1.3 million, compared to a loss of $1.7 million in 2023 [9][11] Future Outlook - The company expects Q1 2025 revenue and margins to align with Q4 2024 levels, with anticipated improvements as supply chain constraints are resolved by the end of Q2 2025 [15] - The company is positioned to leverage its enhanced production capacity and innovative product portfolio to capture opportunities in the education and broader foodservice markets [2][15]

Core Viewpoint - Barfresh Food Group Inc. has announced a change in the date for its fourth quarter 2024 earnings conference call, now scheduled for March 27, 2025 [1] Company Overview - Barfresh Food Group Inc. (Nasdaq: BRFH) specializes in the development, manufacturing, and distribution of ready-to-blend and ready-to-drink beverages, including smoothies, shakes, and frappes [4] - The company primarily serves the education market, foodservice industry, and restaurant chains, offering products in both individual portions and bulk formats for on-site preparation [4] - Barfresh utilizes a proprietary, patented system for its single serving, on-site prepared products, which employs portion-controlled pre-packaged beverage ingredients to deliver freshly made frozen beverages [4] Conference Call Details - The fourth quarter 2024 earnings conference call will take place on March 27, 2025, at 1:30 PM Pacific Time (4:30 PM Eastern Time) [1] - Listeners can access the call via phone or through a webcast on the company's website [2][3] - A telephonic playback will be available approximately two hours after the call and will remain accessible until April 10, 2025 [2]

Company Overview - Barfresh Food Group Inc. is a developer, manufacturer, and distributor of ready-to-blend and ready-to-drink beverages, including smoothies, shakes, and frappes [4] - The company primarily serves the education market, foodservice industry, and restaurant chains, offering products in both single serving and bulk formats [4] - Barfresh utilizes a proprietary, patented system for its single serving, on-site prepared products, which ensures quick, cost-efficient, and waste-free beverage preparation [4] Upcoming Events - The company will host a business update call on February 27, 2025, at 1:30 PM Pacific Time (4:30 PM Eastern Time) [1] - A telephonic playback of the call will be available approximately two hours after the conclusion and will remain accessible until March 13, 2025 [2] - Interested parties can also listen to a simultaneous webcast of the conference call on the company's website, with a replay available for approximately 30 days following the call [3]