Barfresh Q1 revenue hits record $2.8M; first positive adjusted EBITDA of $53K

BARFRESH FOOD GROUP INC.

2024-Q1 EPS reported -$0.03 revenue$2,829,000

Q1 2024 revenue $2.8M, up 35% YoY; gross margin 41.4%, highest since early 2021.
Net loss narrowed to $449K from $889K YoY; G&A down 14% on headcount reduction.
First positive Adjusted EBITDA of $53K vs. ($544K) in Q1 2023.
Added over 2,600 new schools; expects record FY2024 revenue and gross margins in high 30%.
Supplier dispute with Twist & Go bottle manufacturer continues in California state court.

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 0.9

BARFRESH FOOD GROUP INC. reported first quarter ended March 31, 2024 results: revenue $2.8 million, net income $449,000.

Period: first quarter ended March 31, 2024
Revenue: $2.8 million
Net income: $449,000
Result: reported results

Exact text from the filing

Revenue for the first quarter of 2024 was $2.8 million, compared to $2.1 million in the first quarter of 2023.

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BARFRESH FOOD GROUP INC. filing history →

Source: SEC EDGAR

accession 0001493152-24-019797

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