Barfresh Q1 revenue $2.1M, up 46% sequentially; gross margin improves to 41%

BARFRESH FOOD GROUP INC.

2024-Q1 EPS reported -$0.07 revenue$2,091,000

Q1 revenue $2.1M, down 16% YoY from $2.5M but up 46% from Q4 2022.
Gross margin 41%, up from 30% YoY and 36% sequentially.
Net loss of $910K vs $895K loss in Q1 2022; Adjusted EBITDA loss $544K.
Expects carton capacity to reach 25-30M units/year in H2 2023; record revenue year forecast.
Supplier dispute: product withdrawal due to textural consistency issue; legal action dismissed with potential refile.

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 0.7

BARFRESH FOOD GROUP INC. updated its the first quarter ended March 31, 2023 guidance (reaffirmed).

Period: the first quarter ended March 31, 2023
Guidance: reaffirmed
Result: reported results

Exact text from the filing

Revenue for the first quarter of 2023 was $2.1 million, compared to $2.5 million in the first quarter of 2022 and compared to $1.4 million in the fourth quarter of 2022.

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Earnings Releases SEC 8-K Item 2.02 confidence 0.7

BARFRESH FOOD GROUP INC. updated its the first quarter ended March 31, 2023 guidance (reaffirmed).

Period: the first quarter ended March 31, 2023
Guidance: reaffirmed
Result: reported results

Exact text from the filing

Company Continues to Expect Record Revenue in Fiscal 2023 and Year-over-Year Margin Improvement

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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 0001493152-23-013821

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