Barfresh Food Group reports Q1 revenue $2.93M, consensus $2.81M

Reports Q1 adjusted EBITDA loss $506,000. Riccardo Delle Coste, the company’s CEO, stated, “We achieved our first quarter revenue and gross margin guidance. We continue to secure new customer wins in the education channel as our product portfolio continues to resonate strongly with both school administrators and students alike. As expected, our overall results were impacted by costs associated with onboarding new co-manufacturers, temporary production inefficiencies and increased logistics costs as we maximized output to meet growing demand. We continue to expect these headwinds to resolve by the end of the second quarter when our bottle co-manufacturing partners complete their equipment installations and we are positioned to meaningfully increase our production.”