Preliminary Q4 2023 gross revenue reached approximately $1.6 million, outpacing Q3 2023 gross revenue of $1.1 million by 43%, and full year 2022 gross revenue of approximately $888,000 by more 80%. Eric Healy, CEO of BranchOut Foods, commented: “BranchOut had a great fourth quarter with preliminary revenue nearly double all of last year’s revenue. We launched a number of new customers in recent months and have entered the new year with great momentum. We expect revenue to continue to grow at high rates in 2024 and gross margin to continue to improve as the year progresses. With ongoing expansion of our product lines and customer base, BranchOut Food looks forward to another record year.”
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See the top stocks recommended by analysts >>
Read More on BOF:
- BranchOut expands partnership with nation’s largest Club Warehouse Retailer
- BranchOut Food Launches in the Bay Area Region of the Nation’s Largest Warehouse Club
- BranchOut Food Closes $400,000 Senior Secured Loan
- BranchOut Food closes $400,000 senior secured loan
- BranchOut Food engages PCG Advisory to expand investment outreach
