Barfresh Q2 revenue up 115% to $2.8M; net loss widens to $0.7M

BARFRESH FOOD GROUP INC.

2023-Q2 EPS reported -$0.12 revenue$5,325,000

Revenue $2.8M vs $1.3M YoY, driven by Twist & Go school channel sales and product return.
Gross margin 32%, down from 43% YoY due to higher raw material, packaging, and labor costs.
Net loss $0.7M vs $0.3M YoY; cash $3.7M; inventory $1.6M as of June 30, 2022.
New manufacturing agreement to expand capacity and improve cost efficiencies in H2 2022.
Expects record Q3 revenue and improved gross/operating margins; price increases fully implemented.

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