Barfresh Q1 revenue up 149% to $2.5M; net loss widens to $0.9M

BARFRESH FOOD GROUP INC.

Revenue $2.5M (+149% YoY) driven by Twist & Go school channel sales and return of single serve/bulk.
Gross margin fell to 32% from 34% due to higher raw material/packaging costs and product mix.
Net loss $0.9M vs $0.6M; G&A expenses rose to $1.5M from $0.8M, including stock-based comp and shipping.
Cash $4.5M as of March 31; inventory $0.9M.
Price increases implemented end of Q1; expected to positively impact H2 2022 results.

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