Barfresh(US:BRFH) Globenewswireยท2025-05-01 20:05Core Viewpoint - Barfresh Food Group Inc. reported a 4% year-over-year revenue increase to $2.9 million for Q1 2025, achieving gross margin of 31%, exceeding guidance, and reiterating fiscal year 2025 revenue guidance of $14.5 million to $16.6 million [1][12]. Financial Performance - Revenue for Q1 2025 was $2.9 million, up from $2.8 million in Q1 2024, driven by expanded bottle capacity at existing manufacturers [3]. - Gross margin for Q1 2025 was 31%, down from 41% in Q1 2024, attributed to temporary production inefficiencies and increased logistics costs [4]. - Net loss for Q1 2025 was $761,000, compared to a loss of $449,000 in Q1 2024 [5]. - Adjusted EBITDA for Q1 2025 was a loss of approximately $506,000, compared to a gain of approximately $53,000 in Q1 2024 [6]. Operational Insights - The company is onboarding new co-manufacturers, which is expected to resolve production inefficiencies by the end of Q2 2025, allowing for increased production capacity [2]. - The company continues to secure new customers in the education sector, which is anticipated to enhance revenue in the latter half of 2025 [2]. Balance Sheet and Financing - As of March 31, 2025, the company had approximately $3.4 million in cash and accounts receivable, and $1.1 million in inventory [11]. - In February 2025, the company secured $3.0 million in growth financing through a common stock offering to support production scaling [11]. Outlook - The company expects to achieve record fiscal year revenue between $14.5 million and $16.6 million for 2025 [12].