earnings
confidence high
sentiment neutral
materiality 0.70
Barfresh Q2 revenue $1.5M net loss $742K; guides for positive adj. EBITDA in Q4
BARFRESH FOOD GROUP INC.
2023-Q2 EPS reported
-$0.13
revenue$3,602,000
- Revenue $1.5M in Q2 2023 vs $2.8M Q2 2022; net loss $742K vs $716K.
- Adjusted EBITDA loss $617K in Q2 2023 vs loss $431K in prior year.
- Guides Q3 revenue $2.6M-$3.0M; expects breakeven adj. EBITDA in Q3, positive in Q4.
- Smoothie carton capacity expansion ahead: expects 25M-30M units/yr in H2 2023.
- Supplier dispute with Twist & Go manufacturer; voluntary dismissal filed, may re-file in Aug 2023.