BranchOut Food Inc. ( (BOF) ) has released a notification of late filing.
BranchOut Food Inc. has announced a delay in filing its Form 10-K (Yearly Report) for the financial period ending December 31, 2024. The company cites the need for additional time to complete the audit of its financial statements as the primary reason for the delay. BranchOut Food Inc. expects to file the report within fifteen calendar days following the original due date. The company anticipates significant changes in its financial results, with expected net revenue of approximately $6.5 million, up from $2,825,855 in the previous year, due to increased sales to its largest customer. However, it also expects a net loss of approximately $4.8 million, compared to $3,925,710 last year, primarily due to increased operating and interest expenses. The notification was signed by Eric Healy, the Chief Executive Officer, who assured ongoing compliance efforts.
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