Barfresh Q2 revenue $1.46M, gross margin improves; Q3 orders over $2.2M, record year expected

BARFRESH FOOD GROUP INC.

2024-Q2 EPS reported -$0.10 revenue$4,293,000

Q2 2024 revenue $1.46M (down $0.05M YoY but +6% excl. adjustments); gross margin 34.8% (up from 31.4%).
Net loss $1.0M ($0.74M in Q2 2023); adjusted EBITDA loss $682K ($617K in Q2 2023).
Q3 revenue and orders already over $2.2M, up 40% YoY; on track for record quarterly revenue and positive adjusted EBITDA.
Secured three new co-manufacturing locations, boosting annual capacity to 120M+ units (400% increase).
Launched 100% Juice Freeze Pops in education channel; expects record annual revenue and high-30s gross margin for FY 2024.

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