Barfresh Food Group Inc. ( (BRFH) ) has released its Q1 earnings. Here is a breakdown of the information Barfresh Food Group Inc. presented to its investors.
Barfresh Food Group Inc. is a company specializing in the development, manufacturing, and distribution of ready-to-blend and ready-to-drink beverages, catering primarily to the education market, foodservice industry, and restaurant chains.
In the first quarter of 2025, Barfresh reported a 4% increase in revenue year-over-year, reaching $2.9 million, aligning with its previous guidance. The company also achieved a gross margin of 31%, surpassing its guidance expectations.
Key financial highlights include a net loss of $761,000, an increase from the previous year’s loss of $449,000, primarily due to onboarding new co-manufacturers and increased logistics costs. The company’s adjusted EBITDA showed a loss of approximately $506,000, compared to a profit of $53,000 in the same period last year. Despite these challenges, Barfresh secured $3.0 million in growth financing to enhance its production capacity.
Looking forward, Barfresh remains optimistic about achieving its fiscal year 2025 revenue guidance of $14.5 million to $16.6 million. The company anticipates resolving current production inefficiencies by the end of the second quarter, positioning itself for significant improvements in financial performance as it enters the 2025-2026 school year.