Barfresh FY 2023 revenue $8.1M, net loss narrows to $2.8M; expects record FY 2024 revenue

BARFRESH FOOD GROUP INC.

2023-FY EPS reported -$0.21 revenue$8,127,000

FY 2023 revenue $8.1M, down 12% YoY from $9.2M; gross margin improved to 36% from 16% (30% adjusted).
Net loss improved to $2.8M from $6.1M; Adjusted EBITDA loss $1.674M vs $2.445M.
Q4 2023 revenue $1.9M, gross margin 33%, net loss $701K; carton shortage resolved in early 2024.
Expects record FY 2024 revenue and gross margins in high 30%; new bottle manufacturer targeted by August 2024.
Ongoing litigation against former bottle manufacturer; cash $1.9M, inventory $1.2M.

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 financial results for fourth quarter and full year ended December 31, 2023.

Period: fourth quarter and full year ended December 31, 2023
Result: reported results

Exact text from the filing

Barfresh Provides Fourth Quarter and Full Year 2023 Results and Business Update

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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 0001493152-24-008322

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