Company Secures Seven Co-Operatives to Serve Barfresh Twist & Go Smoothies on the Breakfast Menu in Over 2,200 New Schools to Approximately 1.5 Million Students for Fall Company Projects to Achieve Highest Annual Revenue in Fiscal Year 2024 and Year-over-Year Margin Improvement Amid Bottling Recovery Efforts, Propelled by Accelerated Customer Wins Company Expects Confirmation from Many Additional New School Bids Expected to be Won in the Next Few Months to Begin this Fall LOS ANGELES, April 26, 2024 (GLOBE ...

Distribution The Company conducts sales through several channels, including National Accounts, Regional Accounts, and Broadline Distributors. Manufacturing Barfresh utilizes contract manufacturers to manufacture all of its products in the United States. Research and Development The Company incurred approximately $115,000 and $382,000 in research and development expenses for the years ended December 31, 2023 and 2022, respectively. Research and Development expenses in 2022 were primarily attributable to the ...

Barfresh Food Group, Inc. (NASDAQ:BRFH) Q4 2023 Earnings Call Transcript February 29, 2024 4:30 PM ET Company Participants Riccardo Delle Coste - Founder and CEO Lisa Roger - CFO Conference Call Participants Anthony Vendetti - Maxim Group Operator Good afternoon, everyone, and thank you for participating on today's Fourth Quarter and Full Year 2023 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, Lis ...

Exhibit 99.1 Barfresh Provides Fourth Quarter and Full Year 2023 Results and Business Update Company Achieves Second Highest Fiscal Year Revenue in Company History Despite Restricted Supply of Smoothie Bottle Product Throughout Fiscal Year 2023 and National Carton Supply Shortage in Fourth Quarter 2023 Revenue of $8.1 Million and Gross Margins of 36% for Fiscal Year 2023 On Track to Generate Record Revenue Compared to Any Other First Quarter in Company History and Sequential Adjusted EBITDA Improvement for ...

See the accompanying notes to the consolidated financial statements Value of shares relinquished in modification of stock-based compensation awards (Note 7) $ 24,000 $ - Use of Estimates Summary of Significant Accounting Policies Level 3 – Prices or valuation techniques that require inputs that are both significant to the fair value and unobservable (i.e., supported by little or no market activity). Other Receivables A contract with a customer exists when (I) the Company enters into an enforceable contract ...

Barfresh Food Group, Inc. (NASDAQ:BRFH) Q2 2023 Earnings Conference Call August 14, 2023 4:30 PM ET Company Participants Riccardo Delle Coste - Founder and CEO Lisa Roger - CFO Conference Call Participants Nick Sherwood - Maxim Group Operator Good afternoon, everyone, and thank you for participating on today's Second Quarter 2023 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. [Operator ...

Item 1. Legal Proceedings. From time to time, various lawsuits and legal proceedings may arise in the ordinary course of business. However, litigation is subject to inherent uncertainties and an adverse result in these or other matters may arise from time to time that may harm our business. We are currently the defendant in one legal proceeding for an amount less than $100,000. Our legal counsel and management believe a material unfavorable outcome to be remote. Not required because we are a smaller reporti ...

Barfresh Food Group, Inc. (NASDAQ:BRFH) Q1 2023 Earnings Conference Call April 27, 2023 4:30 PM ET Company Participants Riccardo Delle Coste - CEO Lisa Roger - CFO Conference Call Participants Anthony Vendetti - Maxim Group Operator Good afternoon, everyone, and thank you for participating on today's First Quarter 2023 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. Following prepared r ...

| --- | --- | --- | |------------------|--------------|------------| | Manufacturer A | 2023 \n49% | 2022 \n31% | | Manufacturer B | 46% | 0% | | Manufacturer C | 0% | 59% | There have been no changes to our significant accounting policies described in our Annual Report on Form 10-K for the year ended December 31, 2022, as filed with the SEC on March 2, 2023 that have had a material impact on our condensed consolidated financial statements and related notes. 6 Financial Accounting Standards Board ("FASB") A ...

The challenges of competing with the many food services businesses may result in reductions in our revenue and operating margins. In March 2020 the World Health Organization declared coronavirus COVID-19 a global pandemic. This contagious disease outbreak, which has continued to spread, and any related adverse public health developments, has adversely affected workforces, customers, economies, and financial markets globally, potentially leading to an economic downturn. It has also disrupted the normal opera ...