Barfresh(BRFH) - 2024 Q1 - Quarterly Results

Report Overview This section details the company and filing information for the Form 8-K Company and Filing Information 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] - Date of Report: May 15, 2024[2] - State of Incorporation: Delaware[4] - Stock Trading Symbol: BRFH on The Nasdaq Stock Market LLC[5] Item 2.02 Results of Operations and Financial Condition 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 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] - Management uses Adjusted EBITDA for internal budgeting, forecasting, strategic planning, and evaluating business strategy effectiveness[20] - 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] - 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] Item 7.01 Regulation FD Disclosures 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 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] Item 9.01 Financial Statements and Exhibits 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 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 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 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] - These statements are based on assumptions and are subject to significant risks and uncertainties, many of which are beyond the company's control[14] - The company is not obligated to publicly update any forward-looking statements, except as required by law[14] Signatures The report is duly signed and authorized by the company's Chief Executive Officer, Riccardo Delle Coste, on May 15, 2024 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]