Barfresh Q2 revenue jumps 157% to $1.3M; net loss narrows to $297k

BARFRESH FOOD GROUP INC.

Revenue $1.3M, up 157% YoY from $506k; net loss $297k vs $1.2M loss in Q2 2020.
Gross margin 43% vs 23% a year ago; expects ~40% margin in H2 2021.
Cash $7.0M, inventory $1.0M; all convertible debt eliminated; first PPP loan forgiven.
Applies for national exchange uplisting; expects to be in double the number of school locations.
Adjusted EBITDA loss improved to $386k from $888k in Q2 2020.

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