Barfresh Food Group (BRFH) AI Stock Analysis

• Market Cap: $59.78M
• Dividend Yield: N/A
• Average Volume (3M): 133.28K
• Price to Earnings (P/E): ―
• Beta (1Y): 0.80
• Revenue Growth: 24.52%
• EPS Growth: -7.31%
• Country: US
• Employees: 11
• Sector: Consumer Defensive
• Sector Strength: 42
• Industry: Beverages - Non-Alcoholic
• EPS (TTM): -0.06
• Shares Outstanding: 15,940,261
• 10 Day Avg. Volume: 391,022
• 30 Day Avg. Volume: 133,283
• PEG Ratio: N/A
• Price to Book (P/B): N/A
• Price to Sales (P/S): N/A
• P/FCF Ratio: N/A
• Enterprise Value/Market Cap: 0.89
• Enterprise Value/Revenue: 4.83
• Enterprise Value/Gross Profit: 15.62
• Enterprise Value/Ebitda: -20.23
• 1Y Price Target: $5.25
• Price Target Upside: 44.23% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 2

• Rating: 39 Underperform
• Price Target: ―

Barfresh Food Group faces severe financial challenges, including no revenue in the latest period and a negative cash flow, significantly impacting its overall score. Technical indicators show a bearish trend with limited immediate upside potential. Despite promising growth projections and new initiatives, the current operational inefficiencies and financial losses weigh heavily on the stock's attractiveness.

Positive Factors

Revenue Growth Potential

The company's projected revenue growth of 35% to 55% indicates strong market demand and effective sales strategies, suggesting potential for long-term financial improvement.

Market Expansion

Expanding market coverage in the education sector enhances Barfresh's customer base and revenue streams, supporting sustainable growth and competitive positioning.

Product Innovation

The introduction of new products like Pop & Go Freeze Pops diversifies Barfresh's offerings, potentially increasing market share and driving future revenue growth.

Negative Factors

Declining Gross Margins

Decreased gross margins indicate rising costs and operational inefficiencies, which could hinder profitability and require strategic adjustments to improve financial health.

Negative Cash Flow

Persistent negative cash flow highlights ongoing financial strain, limiting Barfresh's ability to invest in growth and necessitating reliance on external financing.

Leadership Change

The resignation of a key board member may disrupt strategic continuity and governance, potentially impacting decision-making and company direction.

Barfresh Food Group Business Overview & Revenue Model

Company Description

Barfresh Food Group, Inc. manufactures and distributes ready-to-drink and ready-to-blend frozen beverages in the United States. The company offers smoothies, shakes and frappes in various formats comprising ready-to-drink bottled, easy pour, juice concentrates, and single serve. The company was founded in 2009 and is based in Los Angeles, California.

How the Company Makes Money

Barfresh Food Group makes money through the sale of its ready-to-blend frozen beverages to various foodservice operators. The company's revenue model is primarily based on selling these products to restaurants, convenience stores, and schools, which then serve them to their customers. Barfresh generates income through direct sales and has distribution agreements with key foodservice distributors to widen its market reach. These partnerships are crucial for expanding its customer base and facilitating product delivery. Additionally, Barfresh may also earn from strategic partnerships and collaborations that enhance its market presence and product offerings.

Barfresh Food Group Financial Statement Overview

Summary

Barfresh Food Group is facing severe financial difficulties, with no revenue reported in the latest period, negative profitability metrics, and deteriorating cash flows. The balance sheet shows declining equity, posing future liquidity risks. Immediate strategic changes are essential to address these challenges.

Income Statement

Barfresh Food Group has shown a declining trend in revenue from $9.16 million in 2022 to $0 in 2024, indicating significant business challenges. The company consistently reported negative EBIT and net income, reflecting ongoing losses and operational inefficiencies. The absence of revenue in the latest period indicates severe financial distress.

Balance Sheet

The company's debt-to-equity ratio is relatively low due to low total debt, but the equity base has been shrinking, from $2.52 million in 2022 to $578,000 in 2024. The equity ratio dropped significantly, indicating a potential risk in financial stability. However, the reduced liabilities provide some relief.

Cash Flow

Operating cash flow remains negative and worsening, from -$2.65 million in 2022 to -$2.23 million in 2024. Free cash flow also remains negative, highlighting the company's struggle to generate cash. The company relies heavily on financing activities to sustain operations, which is unsustainable long-term.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	10.98M	10.72M	8.13M	9.16M	6.70M	2.57M
Gross Profit	3.40M	3.67M	2.88M	1.44M	2.51M	764.07K
EBITDA	-2.62M	-2.49M	-2.41M	-4.94M	-495.98K	-3.60M
Net Income	-3.01M	-2.83M	-2.82M	-6.13M	-1.26M	-4.15M
Balance Sheet
Total Assets	3.77M	3.32M	4.81M	5.09M	9.72M	5.82M
Cash, Cash Equivalents and Short-Term Investments	712.00K	235.00K	1.89M	2.81M	5.53M	1.82M
Total Debt	176.00K	832.00K	0.00	20.00K	95.00K	1.89M
Total Liabilities	1.72M	2.74M	2.31M	2.57M	1.54M	3.49M
Stockholders Equity	2.05M	578.00K	2.50M	2.52M	8.18M	2.32M
Cash Flow
Free Cash Flow	-2.40M	-2.28M	-2.96M	-2.66M	-2.01M	-3.27M
Operating Cash Flow	-2.25M	-2.23M	-2.96M	-2.65M	-1.86M	-3.20M
Investing Cash Flow	-143.00K	-53.00K	0.00	-13.00K	-150.54K	-59.66K
Financing Cash Flow	2.73M	626.00K	1.83M	5.00K	5.73M	4.20M

Barfresh Food Group Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 3.64
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For BRFH, the sentiment is Positive. The current price of 3.64 is above the 20-day moving average (MA) of 3.24, above the 50-day MA of 3.08, and above the 200-day MA of 3.03, indicating a bullish trend. The MACD of 0.22 indicates Negative momentum. The RSI at 59.62 is Neutral, neither overbought nor oversold. The STOCH value of 30.00 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for BRFH.

Barfresh Food Group Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
AKO.A	79 Outperform	3.51B	12.65	23.83%	7.14%	17.01%	11.63%
COCO	77 Outperform	2.29B	36.13	21.69%	―	11.97%	16.10%
ZVIA	54 Neutral	188.87M	-11.43	―	―	-1.08%	54.50%
OTLY	52 Neutral	547.41M	-2.75	-192.91%	―	4.47%	42.22%
SHOT	40 Underperform	59.88M	-0.55	-75.42%	―	-63.00%	56.93%
BRFH	39 Underperform	$59.78M	―	-161.48%	―	24.52%	-7.31%
Sector *	62 Neutral	$20.33B	14.63	-3.31%	3.23%	1.93%	-12.26%

Barfresh Food Group Corporate Events

Barfresh Food Group Reports Q1 2025 Revenue Growth

Barfresh Food Group reported a 4% year-over-year increase in revenue to $2.9 million for the first quarter of 2025, aligning with their guidance. Despite achieving a gross margin of 31%, the company faced temporary production inefficiencies and increased logistics costs due to onboarding new co-manufacturers. These challenges are expected to be resolved by the end of the second quarter, positioning the company to leverage new customer wins in the education channel and potentially achieve record revenue for fiscal year 2025. The company secured $3.0 million in growth financing to support scaling production capacity, particularly in the education market.

Spark’s Take on BRFH Stock

According to Spark, TipRanks’ AI Analyst, BRFH is a Neutral.

Barfresh faces significant financial challenges, with no recent revenue and negative cash flow. However, the company projects strong future growth, driven by new product offerings and expanded manufacturing capabilities. Technical indicators are weak, and valuation is strained due to ongoing losses. The earnings call reflects potential for recovery if strategic goals are met.

To see Spark’s full report on BRFH stock, click here.

Barfresh Food Group Projects Record Revenue for 2025

In 2024, Barfresh Food Group achieved its highest fiscal year revenue of $10.7 million, driven by expanded bottle production capacity and the launch of Pop & Go™ 100% Juice Freeze Pops. Despite facing temporary production inefficiencies and increased logistics costs, the company anticipates resolving these issues by mid-2025, positioning itself for further growth. Looking ahead to 2025, Barfresh expects record revenue between $14.5 million and $16.6 million, supported by enhanced production capacity and a strong product portfolio, aiming to capture significant opportunities in its target markets and deliver long-term shareholder value.

Barfresh Food Group Director Arnold Tinter Resigns

On February 28, 2025, Arnold Tinter resigned from his roles as a director and corporate secretary of Barfresh Food Group and its subsidiaries, citing his desire to retire from active business pursuits. His resignation was not due to any disagreement with the company, where he also served as chair of the Audit Committee and was a member of the compensation and nominating and corporate governance committees.

Barfresh Food Group Announces Securities Purchase Agreement

On February 5, 2025, Barfresh Food Group announced a Securities Purchase Agreement to sell 1,052,635 shares of common stock in a registered direct offering, expected to close by February 7, 2025, with gross proceeds of approximately $3 million. This strategic investment, primarily supported by existing shareholders, aims to expand the company’s manufacturing capabilities to meet growing customer demand and achieve positive cash flow, particularly within the education market, following successful testing of its new Pop & Go™ 100% Juice Freeze Pops.