Barfresh Q3 revenue $2.6M; Adj EBITDA loss shrinks to $87k; expects positive Q4 Adj EBITDA

BARFRESH FOOD GROUP INC.

2023-Q3 EPS reported -$0.16 revenue$6,205,000

Q3 revenue $2.6M vs $2.4M year ago; adjusted for product withdrawal, prior revenue was $3.0M.
Gross margin improved to 35% from negative 30%; net loss narrowed to $476k from $2.7M.
Adjusted EBITDA loss of $87k, best in company history; management expects positive Adj EBITDA in Q4 2023.
Plans to expand smoothie carton capacity to 25-30M units/year by end of FY2023; added one of largest US school districts.
Re-filed complaint in California state court over Twist & Go bottle product withdrawal; outcome uncertain.

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 third quarter ended September 30, 2023 results: revenue $2.6 million, net income $476,000.

Period: the third quarter ended September 30, 2023
Revenue: $2.6 million
Net income: $476,000
Result: reported results

Exact text from the filing

Revenue for the third quarter of 2023 was $2.6 million

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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 0001493152-23-038378

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