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BranchOut Food Reports Record Q3; Achieves $16M Annualized Production Run Rate, Current Notes Payable Cut by 92%
Globenewswire· 2025-10-21 10:30
Core Insights - BranchOut Food Inc. reported record operational and financial results for Q3 2025, with a revenue of approximately $3.2 million, bringing year-to-date revenue to $9.7 million, representing a 93% increase year-over-year [2][7][8] - The company achieved a significant production milestone with over 38,500 kilograms of finished product in September, establishing a $16 million annualized run rate and reaching breakeven production levels [3][7] - BranchOut is positioned for growth in 2026, with a focus on expanding production capacity and improving profitability through operational efficiencies and reduced R&D investments [6][9] Financial Performance - Q3 revenue reached approximately $3.2 million, contributing to a year-to-date total of about $9.7 million, reflecting strong growth compared to the previous year [8] - The company successfully completed its At-The-Market (ATM) equity program, which strengthened the balance sheet and reduced current notes payable from $6.39 million to approximately $0.5 million, a decrease of over 92% [7][8] - The gross margin for the quarter was 17%, with potential margins closer to 30% when excluding air shipments and transitioning to ocean freight [6] Production and Capacity Expansion - September marked the highest production month in BranchOut's history, achieving a breakeven production level and supporting multiple large warehouse club programs [3][7] - The company is committed to purchasing an additional EnWave REV™ 120kW machine to significantly increase production capacity in early 2026, responding to strong demand [9] - BranchOut has secured global exclusive rights to produce dragon fruit using EnWave's technology, tapping into emerging trends in the healthy snack market [9] Product Development and Market Position - The company successfully scaled up production of its strawberry product for a large warehouse club order, which ranked among the top 10 best-selling items in its category [4][7] - BranchOut's CEO highlighted the transformative nature of the quarter, emphasizing the completion of extensive scale-up and R&D efforts across the product portfolio [5][6] - The company is in advanced discussions with several major retailers, setting the stage for exceptional growth in 2026 [10] Leadership and Strategic Initiatives - BranchOut announced the hiring of Jesse Thomas as Chief Marketing Officer, who will focus on expanding e-commerce initiatives and retail brand strategy [11][13] - The appointment includes a stock option grant to Mr. Thomas, aligning his interests with the company's growth objectives [12]
投资方直达粤港澳大湾区创业大赛现场 好项目搭上“直通车”
Nan Fang Du Shi Bao· 2025-08-29 12:06
Core Insights - The Guangdong-Hong Kong-Macao Greater Bay Area Entrepreneurship Competition is actively promoting innovation and entrepreneurship by providing a platform for startups to showcase their projects and connect with resources [2][4][9] - The competition features specialized financial products tailored for various industries and stages of growth, enhancing the funding opportunities for participating projects [4][8] - A total of 90 projects in the artificial intelligence and robotics track demonstrate strong market applicability and technological innovation, reflecting the region's capabilities in these fields [11][12] Group 1: Competition Overview - The semi-finals of the Guangdong-Hong Kong-Macao Greater Bay Area Entrepreneurship Competition were held at South China University of Technology, featuring tracks in artificial intelligence and robotics, as well as food technology and modern agriculture [2][14] - Over 7,000 entrepreneurial projects registered for the competition since its launch in May [4] Group 2: Resource Matching Activities - The competition included resource matching activities to connect startups with funding, policy support, and industry resources, facilitating communication between entrepreneurs and resource providers [2][9] - Six resource matching events were organized, showcasing entrepreneurial policies, resources, and outstanding projects [2][8] Group 3: Financial Products - Exclusive financial products were launched during the resource matching event, designed to meet the specific needs of participating projects across different sectors [4][8] - Investment institutions participated in the event, providing insights into the advantages of the Greater Bay Area for technology innovation and project development [4] Group 4: Project Highlights - The AI and robotics track included projects focused on practical applications in various sectors such as healthcare, transportation, and energy, showcasing the strong market relevance of the innovations [11][12] - Notable projects included a pipeline autonomous operation robot and an AI-driven drug development platform, indicating the high technological content and commercial potential of the participating teams [9][11] Group 5: Food Technology and Agriculture - The food technology and modern agriculture track emphasized projects that integrate innovation with regional characteristics and agricultural practices, aiming to enhance food safety and economic benefits [12][14] - Projects showcased included traditional food innovations and agricultural collaborations, reflecting the diverse exploration and practical capabilities of the Greater Bay Area in these sectors [12][14]