Barfresh Food Group Inc. ( (BRFH) ) has released its Q4 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, primarily targeting the education market and foodservice industry with innovative, portion-controlled products.
In its latest earnings report, Barfresh announced a record fiscal year revenue of $10.7 million for 2024, marking the highest in the company’s history. The company also launched its Pop & Go™ 100% Juice Freeze Pops, contributing to its revenue in the fourth quarter.
Key financial highlights include a gross margin of 34% and an adjusted gross margin of 37% for the year. Despite a net loss of $2.8 million, the company improved its adjusted EBITDA loss to $1.3 million from $1.7 million in the previous year. The company also raised $3 million in growth financing to expand manufacturing and market reach.
Looking forward, Barfresh anticipates another record year in 2025, with projected revenues between $14.5 million and $16.6 million. The company is poised to leverage its enhanced production capacity and innovative product offerings to capture opportunities in the education and broader foodservice markets, aiming to improve cash flow and margins.