[Barfresh Food Group Inc. Form 8-K Filing (August 14, 2024)](index=1&type=section&id=Barfresh%20Food%20Group%20Inc.%20Form%208-K) This Form 8-K filing from Barfresh Food Group Inc. provides business updates, financial condition, non-GAAP measures, and forward-looking statements [Item 2.02: Results of Operations and Financial Condition](index=1&type=section&id=Item%202.02.%20Results%20of%20Operations%20and%20Financial%20Condition) Barfresh Food Group, Inc. issued a business update and filed its Form 10-Q for Q2 2024, with a conference call held to discuss results - The company issued an update on recent business developments concurrent with its Form 10-Q filing for the quarter ended June 30, 2024[2](index=2&type=chunk) - A conference call to discuss the results was scheduled for August 14, 2024, at 1:30 pm Pacific Time[2](index=2&type=chunk) [Use of Non-GAAP Financial Measures](index=2&type=section&id=Use%20of%20Non-GAAP%20Measures) The company uses non-GAAP measures like EBITDA and Adjusted EBITDA to supplement GAAP, providing a clearer view of core business performance - The company presents non-GAAP measures, including EBITDA and Adjusted EBITDA, which are reconciled to net loss in the press release (Exhibit 99.1)[3](index=3&type=chunk) - Adjustments from GAAP net loss to Adjusted EBITDA include non-operational or non-cash items such as stock compensation, product withdrawal dispute costs, and manufacturing relocation costs[3](index=3&type=chunk) - Management uses Adjusted EBITDA for internal budgeting, strategic planning, and evaluating business strategy effectiveness[4](index=4&type=chunk) [Forward-Looking Statements](index=2&type=section&id=Forward%20Looking%20Statements) This report contains forward-looking statements regarding future performance, subject to risks and uncertainties, and are not guarantees - The report includes forward-looking statements identified by words such as "grow", "expand", "anticipate", and "project"[5](index=5&type=chunk) - Investors are cautioned that these statements are not guarantees of future performance and are subject to risks beyond the company's control[5](index=5&type=chunk) - The company directs investors to its SEC filings, including Form 10-K and 10-Q, for a more detailed discussion of warnings and risk factors[5](index=5&type=chunk) [Item 9.01: Financial Statements and Exhibits](index=2&type=section&id=Item%209.01.%20Financial%20Statements%20and%20Exhibits) This section lists exhibits furnished with the Form 8-K, primarily the August 14, 2024 press release detailing business updates - The key exhibit furnished with this report is 99.1, the Press Release from Barfresh Food Group, Inc. dated August 14, 2024[7](index=7&type=chunk)

Core Insights - Barfresh Food Group Inc. has secured multiple offers for non-recourse non-dilutive litigation financing to support its ongoing lawsuit, which has previously cost the company approximately $300,000 over the past two years [1] - The new financing arrangement will alleviate the need for additional cash from Barfresh to fund the lawsuit, potentially improving its operating margins [1] Company Overview - Barfresh Food Group Inc. specializes in the development, manufacturing, and distribution of ready-to-blend and ready-to-drink beverages, including smoothies, shakes, and frappes, primarily targeting the education market, foodservice industry, and restaurant chains [2] - The company 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 that are quick, cost-efficient, and reduce waste [2]

Core Insights - The company has recently expanded its manufacturing capacity to over 120 million units annually by adding three new third-party locations, which is aimed at meeting current demand and positioning for future growth [1][6][7] - The new manufacturing location will focus on producing the innovative Pop & Go™ freeze pops, which are expected to have significant potential in the education channel [1][6] - This strategic initiative to diversify the manufacturing footprint is designed to enhance operational resilience and scalability while reducing reliance on any single location [1][6] Company Overview - Barfresh Food Group Inc. specializes in developing, manufacturing, and distributing ready-to-blend and ready-to-drink beverages, including smoothies, shakes, and frappes, primarily targeting the education market, foodservice industry, and restaurant chains [7] - The company utilizes a proprietary system for its single-serving products, which allows for quick, cost-efficient, and waste-free preparation of frozen beverages [7] Strategic Initiatives - The addition of new manufacturing partners is part of a broader strategy to build a robust foundation for revenue expansion, focusing on increasing customer acquisition and extending the product portfolio [7] - The company aims to meet growing demand in key sales channels, particularly in education, while also expanding into other foodservice and retail channels [7]

Core Insights - Barfresh Food Group Inc. has announced a new co-manufacturing location dedicated to producing its Pop & Go™ Freeze Pops, enhancing its annual production capacity to over 120 million units [1][2] Manufacturing Capacity Expansion - The company has added three new third-party manufacturing locations, increasing its capacity by 50 million units annually [1][2] - The new facility is expected to support the production of innovative products, particularly targeting the education channel [2] Strategic Initiatives - The addition of new manufacturing partners is part of a strategic initiative to diversify and strengthen the company's manufacturing footprint, which will enhance operational resilience and scalability [2] - The company aims to meet growing demand in key sales channels, including education, foodservice, and retail, setting the stage for accelerated growth across multiple customer segments [2] Product Offerings - Barfresh specializes in ready-to-blend and ready-to-drink beverages, including smoothies, shakes, and frappes, primarily targeting the education market and foodservice industry [3] - The company's proprietary system allows for portion-controlled pre-packaged beverage ingredients, delivering freshly made frozen beverages efficiently [3]

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]

Core Insights - Barfresh Food Group Inc. has announced the addition of two new co-manufacturing locations, which will more than double its overall capacity, including an additional 25 million bottling capacity for its Twist & Go products [5][7] - The company is strategically positioned to increase sales significantly due to new management hires, customer acquisitions, and an appealing product portfolio aimed at the education market and foodservice industry [1][7] - The accelerated pace of new customer acquisitions is expected to lead to record revenue performance and expanded profit margins in fiscal year 2024 and beyond [1][5] Company Overview - Barfresh Food Group Inc. specializes in the development, manufacturing, and distribution of ready-to-blend and ready-to-drink beverages, primarily targeting the education market and foodservice industry [7] - The company offers products in various formats, including single-serve pouches and bulk formats for on-site preparation, utilizing a proprietary system for portion-controlled beverage ingredients [7] Capacity Expansion - The new co-manufacturing locations are strategically located in the Mid-West and East Coast to enhance service to a rapidly expanding client base across all channels [5] - The overall annual unit capacity of the company will be more than doubled with the addition of these new facilities [5][7]

Core Insights - Barfresh Food Group Inc. has appointed Tony Grossi as Vice President of Sales to enhance its sales efforts and capitalize on growth opportunities in fiscal year 2024 and beyond [6][9] - The company aims to leverage Grossi's extensive experience in food and beverage sales to drive significant revenue gains [3][9] Company Overview - Barfresh Food Group Inc. specializes in developing, manufacturing, and distributing ready-to-blend and ready-to-drink beverages, primarily targeting the education market, foodservice industry, and restaurant chains [4] - The company's products include smoothies, shakes, and frappes, delivered in both single-serving and bulk formats, utilizing a proprietary system for on-site preparation [4] Leadership Experience - Tony Grossi brings over 25 years of experience in sales leadership, having held executive roles at Performance Foodservice Group, SK Food Group Inc., and BakeMark [3][9] - At BakeMark, Grossi successfully expanded the client base and significantly increased revenue, achieving record EBITDA during his tenure [3]

Core Insights - Barfresh Food Group Inc. has expanded its customer base by securing 542 new school locations across multiple states, serving over 390,000 students starting in the 2024-2025 school term [1][2] - The company has announced a total of over 3,100 new school customer locations in the past month, representing more than 2.2 million students, indicating a strong growth trajectory in the education channel [1][2] - The CEO highlighted the strategic efforts to enhance national broker coverage, increase production capacity, and reintroduce juice concentrate offerings as key drivers for this growth [2] Company Overview - Barfresh Food Group Inc. specializes in developing, manufacturing, and distributing ready-to-blend and ready-to-drink beverages, primarily targeting the education market and foodservice industry [3] - The company utilizes a proprietary system for its single-serving products, which allows for quick, cost-efficient, and waste-free beverage preparation [3] Future Outlook - The company anticipates announcing additional customer wins in the education channel before the start of the 2024-2025 school year, positioning itself for record revenue and expanded profit margins in fiscal year 2024 [1][2]

Core Insights - Barfresh Food Group Inc. has expanded its customer base by securing 542 new school locations across multiple states, serving over 390,000 students starting in the 2024-2025 school term [1][2] - The company has announced a total of over 3,100 new school customer locations in the past month, representing more than 2.2 million students, indicating a strong growth trajectory in the education channel [1][2] - The CEO highlighted the strategic efforts in expanding national broker coverage, increasing production capacity, and reintroducing juice concentrate offerings as key drivers for this growth [2] Company Overview - Barfresh Food Group Inc. specializes in developing, manufacturing, and distributing ready-to-blend and ready-to-drink beverages, primarily targeting the education market, foodservice industry, and restaurant chains [3] - The company utilizes a proprietary system for its single-serving products, which allows for quick, cost-efficient, and waste-free beverage preparation [3] Future Outlook - The company anticipates announcing additional customer wins in the education channel before the start of the 2024-2025 school year, positioning itself for record revenue and expanded profit margins in fiscal year 2024 [2]

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 ...