Barfresh Q1 revenue $2.9M (+4% YoY) but net loss widens to $761K; reaffirms FY25 guidance $14.5-$16.6M

BARFRESH FOOD GROUP INC.

2025-Q1 EPS reported -$0.05 revenue$2,930,000

Revenue $2.9M, up 4% YoY from $2.8M; gross margin 31% vs 41% prior year.
Net loss $761K versus $449K in Q1 2024; Adjusted EBITDA loss $506K vs $53K gain.
Co-manufacturing partners expect full production by end of Q2 2025; temporary inefficiencies cited for margin compression.
FY2025 revenue guidance reaffirmed at $14.5M-$16.6M; $3M equity raised in Feb 2025 to support growth.

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