Barfresh reports record FY2022 revenue $9.2M (+37% YoY) but net loss widens to $6.2M; product withdrawal impacts

BARFRESH FOOD GROUP INC.

Full year 2022 revenue $9.2M (record, +37% YoY); net loss $6.2M vs $1.3M loss in 2021.
Q4 2022 revenue $1.4M (down from $2.5M); net loss $1.9M vs net income $130K in Q4 2021.
Product withdrawal of Twist & Go bottle due to textural issues; lost manufacturer; lawsuit dismissed; seeking resolution.
New smoothie carton product launched; expects capacity of 25-30M units/year by H2 2023; higher margin.
Company expects record revenue in 2023 and margin improvement; Q1 2023 to-date revenue exceeds full Q4 2022.

item 2.02 item 7.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

BARFRESH FOOD GROUP INC. reported the fourth quarter of 2022 results: revenue $1.4 million, net income $1.9 million.

Period: the fourth quarter of 2022
Revenue: $1.4 million
Net income: $1.9 million
Result: reported results

Exact text from the filing

Revenue for the fourth quarter of 2022 was $1.4 million, compared to $2.5 million in the fourth quarter of 2021.

View on SEC.gov

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

BARFRESH FOOD GROUP INC. reported the full year ended December 31, 2022 results: revenue $9.2 million, net income $6.2 million. Guidance raised.

Period: the full year ended December 31, 2022
Revenue: $9.2 million
Net income: $6.2 million
Guidance: raised
Result: reported results

Exact text from the filing

Revenue for the full year 2022 increased 37% to a record $9.2 million, compared to $6.7 million in the same period of 2021.

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8 earnings releases filed in the last 30 days. Browse all earnings releases →

BARFRESH FOOD GROUP INC. filing history →

Source: SEC EDGAR

accession 0001493152-23-006563

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