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Barfresh Expands Annual Production Capacity by Additional 50 million Units with New Third Party Location with Ability for Further Future Expansion
GlobeNewswire News Room· 2024-07-31 12:30
Location Primarily Dedicated to Manufacturing Company's New Pop & Go™ Freeze Pops Company Has Recently Added Three New Third Party Locations Dramatically Boosting Annual Capacity to Over 120 million Units LOS ANGELES, July 31, 2024 (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 a new co-manufacturing location. This new location will primarily be dedicated to manufacturing the Compan ...
Barfresh Introduces 100% Juice Freeze Pops “Pop & Go” to Education Channel for Healthier School Snacking
GlobeNewswire News Room· 2024-07-25 12:55
Core Insights - Barfresh Food Group, Inc. has launched a new product line called "Pop & Go™", targeting school nutrition programs with healthier beverage options for students [6][7] - The new freeze pops contain a half-cup of fruit juice, no added sugars, preservatives, artificial flavors, or colors, and are compliant with USDA reimbursable meal programs [6][7] - The company aims to expand its market reach beyond schools into other foodservice and retail channels in the future [7] Company Overview - Barfresh Food Group, Inc. is a developer, manufacturer, and distributor of ready-to-blend and ready-to-drink beverages, primarily serving the education market, foodservice industry, and restaurant chains [5] - The company utilizes a proprietary system for its single-serving, on-site prepared products, which are designed to be quick, cost-efficient, and reduce waste [5] Product Strategy - The new Pop & Go™ product line will initially focus on lunch menus in schools, which can generate up to five times more volume than breakfast offerings [4] - This product complements existing offerings such as 1:1 bulk easy pour, 5:1 juice concentrates, and Twist & Go products, thereby enhancing the company's portfolio [4] Growth Potential - Recent enhancements in production capacity, senior hires, and customer acquisition are expected to support record revenue and long-term growth for the company [5] - The CEO expressed optimism about increasing menu placements with existing and new customers across different meal times [7]
Barfresh Dramatically Expands its Production Capacity by Adding Two New Third Party Locations
Newsfilter· 2024-07-08 12:30
Riccardo Delle Coste, the Company's Chief Executive Officer, stated, "These new locations more than double our overall capacity covering all of our product offerings including an additional 25 million bottling capacity. We have recently announced many new significant customer acquisitions within the education channel and this capacity will enable us to more than provide for these customers and many more in all channels. Barfresh is now in a tremendous positioned to dramatically increase sales in the coming ...
Barfresh Strengthens Executive Team with New Industry Leading Vice President of Sales
Newsfilter· 2024-06-18 12:30
Strategic Leadership Hire Follows Recent Addition of Vice President of Supply Chain & Co-Manufacturing, Fortifying Executive Team for Significant Sales Uplift Expected in Fiscal Year 2024 and Beyond Mr. Grossi commented, "It's an honor to join Barfresh and lead their exceptional sales network in driving our next phase of growth. With the Company's strong product portfolio, expanded sales network, increasing capacity capabilities and strengthened executive team, I'm confident we will capitalize on new opport ...
Barfresh Builds on Education Channel Momentum with Additional Major Customer Wins
GlobeNewswire News Room· 2024-06-04 12:30
Company Expands to Additional 542 New School Customer Locations Across Multiple States, Serving Barfresh Products to Over 390,000 Students for Fall Accelerating Customer Wins to Drive Barfresh's Projected Record Fiscal Year 2024 Revenue and Year Over Year Margin Expansion LOS ANGELES, June 04, 2024 (GLOBE NEWSWIRE) -- Barfresh Food Group Inc. (the "Company" or "Barfresh") (Nasdaq: BRFH), a provider of frozen, ready-to-blend and ready-to-drink beverages, continued accelerating its education channel growth tr ...
Barfresh Builds on Education Channel Momentum with Additional Major Customer Wins
Newsfilter· 2024-06-04 12:30
Company Expands to Additional 542 New School Customer Locations Across Multiple States, Serving Barfresh Products to Over 390,000 Students for Fall Accelerating Customer Wins to Drive Barfresh's Projected Record Fiscal Year 2024 Revenue and Year Over Year Margin Expansion LOS ANGELES, June 04, 2024 (GLOBE NEWSWIRE) -- Barfresh Food Group Inc. (the "Company" or "Barfresh") (Nasdaq: BRFH), a provider of frozen, ready-to-blend and ready-to-drink beverages, continued accelerating its education channel growth tr ...
Barfresh to Participate in the Spring MicroCap Rodeo Conference
GlobeNewswire News Room· 2024-05-30 20:05
LOS ANGELES, May 30, 2024 (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 be participating in the Spring MicroCap Rodeo Conference being held Thursday, June 6, 2024 in New York City. Barfresh's management team is scheduled to present at 9:00AM Eastern Time on Thursday, June 6, 2024. Interested parties unable to attend are invited to view the presentation here https://ww ...
Barfresh(BRFH) - 2024 Q1 - Earnings Call Transcript
2024-05-18 07:36
Barfresh Food Group, Inc. (NASDAQ:BRFH) Q1 2024 Earnings Conference Call May 15, 2024 4:30 PM ET Company Participants Riccardo Delle Coste - Founder and CEO Lisa Roger - CFO Conference Call Participants Nicholas Sherwood - Maxim Group Operator Good afternoon, everyone, and thank you for participating on today's First Quarter, 2024 Corporate Update Call for Barfresh Food Group. Joining us today is Barfresh Food Group's founder and CEO, Riccardo Delle Coste, and Barfresh Food Group's CFO, Lisa Roger. Followin ...
Barfresh(BRFH) - 2024 Q1 - Quarterly Report
2024-05-15 20:06
☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ________________ to ___________________ 3600 Wilshire Blvd., Suite 1720, Los Angeles, California 90010 (Address of principal executive offices) (Zip Code) Title of each class Trading Symbol(s) Name of each exchange on which registered Common stock, $0.000001 par value BRFH The Nasdaq Capital Market FORM 10-Q ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE AC ...
Barfresh(BRFH) - 2024 Q1 - Quarterly Results
2024-05-15 20:01
[Report Overview](index=1&type=section&id=Form%208-K%20Cover%20Page) This section details the company and filing information for the Form 8-K [Company and Filing Information](index=1&type=section&id=Company%20and%20Filing%20Information) Barfresh Food Group Inc. filed this Form 8-K on May 15, 2024, detailing its Delaware incorporation and Nasdaq stock listing under BRFH - Company Name: **Barfresh Food Group Inc.**[2](index=2&type=chunk) - Date of Report: **May 15, 2024**[2](index=2&type=chunk) - State of Incorporation: **Delaware**[4](index=4&type=chunk) - Stock Trading Symbol: **BRFH** on The Nasdaq Stock Market LLC[5](index=5&type=chunk) [Item 2.02 Results of Operations and Financial Condition](index=2&type=section&id=Item%202.02%20Results%20of%20Operations%20and%20Financial%20Condition) Barfresh Food Group, Inc. issued a business update on May 15, 2024, coinciding with its Form 10-Q filing for the quarter ended March 31, 2024 [Use of Non-GAAP Measures](index=2&type=section&id=Use%20of%20Non-GAAP%20Measures) The company uses non-GAAP measures like EBITDA and Adjusted EBITDA to enhance understanding of core business performance and for internal strategic planning - The company presents non-GAAP measures, including **EBITDA** and **Adjusted EBITDA**, to aid in understanding its business performance[8](index=8&type=chunk) - Management uses **Adjusted EBITDA** for internal budgeting, forecasting, strategic planning, and evaluating business strategy effectiveness[20](index=20&type=chunk) - Reconciling items from GAAP net loss to **Adjusted EBITDA** include non-operational or non-cash costs like stock compensation, product withdrawal costs, and manufacturing relocation costs[8](index=8&type=chunk) - The company cautions that **Adjusted EBITDA** should not be seen as an alternative to net loss and may not be comparable to similar measures used by other companies[9](index=9&type=chunk) [Item 7.01 Regulation FD Disclosures](index=2&type=section&id=Item%207.01%20Regulation%20FD%20Disclosures) Information regarding the company's results of operations and financial condition from Item 2.02 is incorporated by reference into this section [Incorporation by Reference](index=2&type=section&id=Incorporation%20by%20Reference) The disclosures provided in Item 2.02 are formally incorporated into Item 7.01 - The disclosures set forth in Item 2.02 are incorporated by reference into Item 7.01[15](index=15&type=chunk) [Item 9.01 Financial Statements and Exhibits](index=2&type=section&id=Item%209.01%20Financial%20Statements%20and%20Exhibits) This section lists the exhibits accompanying the Form 8-K, primarily the May 15, 2024 press release detailing business updates and financial results [List of Exhibits](index=2&type=section&id=List%20of%20Exhibits) The report includes two exhibits: the press release discussing the financial results and a Cover Page Interactive Data File Exhibit List | Exhibit No. | Description | | :--- | :--- | | 99.1 | Press Release of Barfresh Food Group, Inc. dated May 15, 2024 | | 104 | Cover Page Interactive Data File (embedded within the Inline XBRL document) | [Forward-Looking Statements](index=2&type=section&id=Forward%20Looking%20Statements) The report includes a safe harbor statement cautioning that forward-looking statements about commercial progress and financial performance are subject to risks and uncertainties and are not guaranteed [Risk Disclosure](index=2&type=section&id=Risk%20Disclosure) The company identifies forward-looking statements, warning they are subject to numerous risks and uncertainties beyond its control, advising investors to review other SEC filings - Forward-looking statements concern the company's commercial progress and future financial performance[14](index=14&type=chunk) - These statements are based on assumptions and are subject to significant risks and uncertainties, many of which are beyond the company's control[14](index=14&type=chunk) - The company is not obligated to publicly update any forward-looking statements, except as required by law[14](index=14&type=chunk) [Signatures](index=3&type=section&id=SIGNATURES) The report is duly signed and authorized by the company's Chief Executive Officer, Riccardo Delle Coste, on May 15, 2024 [Authorization](index=3&type=section&id=Authorization) The Form 8-K was officially authorized and signed by CEO Riccardo Delle Coste on behalf of Barfresh Food Group Inc - The report was signed on **May 15, 2024**, by **Riccardo Delle Coste**, the company's CEO[18](index=18&type=chunk)