earnings
confidence high
sentiment positive
materiality 0.70
Barfresh Q4 revenue $2.5M (+296% YoY), net income $130K; full year revenue $6.7M (+161%)
BARFRESH FOOD GROUP INC.
- Q4 2021 revenue $2.5M (record), up 296% YoY and 27% sequentially; net income $130K vs loss $1.4M in Q4 2020.
- Full year 2021 revenue $6.7M (+161% YoY); net loss improved to $1.3M from $4.2M in 2020.
- Adjusted EBITDA near breakeven in Q4 ($67K loss) vs $1.0M loss in Q4 2020; full year loss $1.2M vs $3.2M.
- Cash $5.7M, no debt; PPP loans of $1.14M forgiven; company uplisted to Nasdaq in Jan 2022.
- Cost pressures from shipping, fuel, labor expected in H1 2022; management sees robust growth ahead.