What is the revenue and EPS growth rate for Barfresh Food year over year?

What is the market's earnings forecast for Barfresh Food next quarter?

What is Barfresh Food's gross profit margin?

What factors drove the changes in Barfresh Food's revenue and profit?

What is Barfresh Food's latest dividend and current dividend yield?

What guidance did Barfresh Food's management provide for the next earnings period?

What were the key takeaways from Barfresh Food's earnings call?

What were the key takeaways from Barfresh Food’s earnings call?

- **Record Performance**: Q3 2025 revenue $4.2M (+16% YoY), first positive adjusted EBITDA ($153K) driven by operational efficiency and strategic Arps Dairy acquisition.
- **Growth Catalysts**: 2026 guidance of $30M-$35M revenue, 126% YoY growth, fueled by integrated manufacturing, school market expansion, and Pop &amp; Go product line.
- **Financial Health**: Gross margin 37%, net loss narrowed to $290K, $4.4M cash, and $2.3M government grant for new facility equipment.
- **School Reintegration**: Proactive outreach to reintroduce products in Q4, leveraging stable production from Arps Dairy.

**【CEO Summary Section】**
- **Record Revenue and Profitability**: Q3 2025 revenue reached $4.2 million, a 16% YoY increase, with positive adjusted EBITDA of $153,000, marking a significant operational milestone.
- **Strategic Acquisition**: Completion of Arps Dairy acquisition in early October 2025, bringing a 15,000 sq. ft. operational facility and a 44,000 sq. ft. state-of-the-art plant set to be fully operational in 2026. Immediate benefits include enhanced supply chain control and production consistency.
- **Growth Drivers**: Improved co-manufacturing partner performance, expanded school distribution, and strong momentum for Pop &amp; Go Freeze Pops in the lunch market. 2025-2026 school year bids show 5% market penetration, with plans to reintroduce products to 20+ schools in Q4.
- **Future Guidance**: 2025 revenue updated to $14.5M-$15.5M (36%-46% YoY growth), and 2026 guidance of $30M-$35M (126% YoY growth), driven by Arps Dairy integration and product expansion.

**【CFO Financial Commentary】**
- **Revenue and Margins**: Q3 2025 revenue $4.2M (16% YoY growth), gross margin improved to 37% (vs. 31% in H1 2025), reflecting operational efficiency and favorable product mix.
- **Cost Management**: Operating expenses controlled at 22% of revenue, with G&amp;A up 11% YoY due to one-time acquisition costs. Net loss narrowed to $290K (vs. $513K YoY), driven by revenue growth and margin improvements.
- **Balance Sheet**: $4.4M cash and $1.1M inventory as of Q3. Arps Dairy acquisition funded via credit facilities, with $2.3M government grant pending for new facility equipment.

**【Q&A Key Highlights】**
- **School Reintroductions**: Proactive communication with schools to reintroduce products in Q4, leveraging Arps Dairy's production stability. No need for new trials; sales resume upon order placement.
- **Manufacturing Transition**: Arps Dairy's existing facility operational, with planned equipment transfer to new 2026 plant. CapEx expectations include government grant utilization for fit-out costs.
- **CapEx and Equipment**: $2.3M grant for new facility equipment; existing machinery adaptable with potential upgrades during transition.


Barfresh Food Group, Inc. (BRFH) Q3 2025 Earnings Call Transcript

- **Production Milestone**: 2 co-manufacturers now operational, with new 400% capacity partner starting in Q1 2026.
- **Revenue Growth**: Q2 up 11% YoY to $1.6M, despite 17%-31% FY2025 guidance reflecting supply constraints.
- **Margin Recovery**: Gross margin expected to normalize in H2 as new manufacturers ramp to full capacity.
- **Strategic Product Expansion**: Pop & Go freeze pops approved by large districts, targeting $20M+ annual bottle capacity by Q1 2026.

**【CEO Summary Section】**
- Completed co-manufacturing partner equipment installations in Q2, enabling production consistency for the high school selling season.
- Q2 revenue of $1.6 million (+11% YoY), driven by expanded bottle capacity despite manufacturing constraints.
- Revised FY2025 revenue guidance of $12.5M-$14M (17%-31% YoY growth), reflecting supply challenges but strong underlying demand.
- Introduced Pop & Go freeze pops targeting the lunch market, with early adoption in large school districts.
- Building inventory for the first time in years to meet Q4 and Q1 demand, with 5% market penetration in the education channel.

**【CFO Financial Commentary】**
- Q2 2025 GAAP net loss of $880,000 (vs. $1M YoY), driven by reduced G&A expenses and improved cost management.
- Gross margin 31% (down from 35% YoY) due to new manufacturer inefficiencies and product mix.
- $1.8M inventory as of June 30, 2025, primarily bottles built ahead of the school year.
- Adjusted EBITDA loss of $600K, improving from $682K YoY as production ramps.

**【Q&A Key Highlights】**
- **Inventory Composition**: $1.8M inventory is 80% bottles, reflecting focus on high-demand products.
- **Manufacturing Capacity**: New co-manufacturer will add $20M-$25M annual bottle capacity by Q1 2026, with carton production at 3x current demand.
- **Product Interest**: Pop & Go freeze pops approved by large districts, with Q2 2025 sales showing strong early momentum.
- **Customer Re-engagement**: Schools that paused orders due to supply issues have reaffirmed intent to resume in Q4 2025.
- **Expansion Strategy**: Prioritizing high-population states for Pop & Go, with nationwide sales network covering 90% of U.S. schools.

Barfresh Food Group, Inc. (BRFH) Q2 2025 Earnings Call Transcript

- **Revenue Growth**: Q1 2025 revenue of $2.9M, up 3.6% YoY, with 35%-55% full-year growth guidance reaffirmed.
- **Manufacturing Expansion**: New co-manufacturers to be fully operational by Q2 end, enabling Q3+ education channel growth.
- **New Product Momentum**: Pop & Go Freeze Pops launched in Q4 2024, targeting 95% U.S. sales coverage with 50%+ bid inclusion.
- **Margin Recovery**: Targeting 40%+ gross margin in H2 2025 as supply chain inefficiencies resolve.
- **Funding Strength**: $3M growth financing secured to support production scaling, with $3.4M cash & AR as of Q1 end.

**CEO Opening Remarks**
- Q1 2025 revenue of $2.9M matched guidance, up 3.6% YoY, driven by expanded bottle capacity.
- Reaffirmed full-year 2025 revenue growth target of 35%-55%.
- New co-manufacturing partners expected fully operational by Q2 end, enabling Q3+ education channel growth.
- Launched Pop & Go 100% Juice Freeze Pops in Q4 2024, targeting lunch market with 95% U.S. sales coverage.
- 5% market penetration in education channel, with new wins to contribute in H2 2025.

**CFO Financial Review**
- Q1 2025 GAAP net loss: $761K vs. $449K YoY, driven by 10ppt gross margin decline to 31% due to supply chain inefficiencies.
- Adjusted EBITDA loss of $506K vs. $53K gain YoY, reflecting transitional costs.
- Secured $3M growth financing in Q1 to support production scaling.
- Cash & AR: $3.4M; Inventory: $1.1M as of Q1 end.

**Q&A Highlights**
- **Manufacturing Progress**: First production runs completed in Q2, with full operational readiness by Q2 end.
- **2025-26 School Year Pipeline**: Bidding underway, with Pop & Go included in ~50% of bids.
- **Capacity Outlook**: New co-manufacturers to add 5-10M units/month capacity, supporting 35%-55% revenue growth.
- **Gross Margin Recovery**: Targeting 40%+ gross margin in H2 2025 as supply chain stabilizes.
- **Staffing**: Current team sufficient to manage expected growth.


Barfresh Food (BRFH)-1 May 25-2025 Q1 Earnings call transcript

- **Revenue Milestone**: 2024 full-year revenue of $10.7M, up 32% YoY, with Q4 at $2.8M (47% YoY growth).
- **2025 Growth Target**: 35%-55% revenue growth, fueled by new co-manufacturers and Pop & Go freeze pops.
- **Manufacturing Ramp-Up**: Full capacity by Q2 2025 to meet back-to-school demand, offsetting Q4 production costs.
- **Financial Resilience**: $3M capital raise and $1.5M line of credit support scaling amid Q4 operating expenses ($852K net loss).
- **Product Innovation Impact**: Pop & Go targeting lunch market with trials underway; potential to expand market share beyond breakfast.

**【CEO Opening Remarks】**
- **Record Revenue in 2024**: Full-year revenue reached $10.7 million, up 32% from 2023. Q4 revenue was $2.8 million, a 47% YoY increase.
- **2025 Growth Guidance**: Projected revenue growth of 35%-55%, driven by new co-manufacturing partners and the Pop & Go freeze pop launch.
- **Manufacturing Expansion**: 2 new co-manufacturers onboarded, with full capacity expected by Q2 2025. This will support back-to-school demand in the education channel.
- **Product Innovation**: Launched Pop & Go freeze pops in Q4, targeting the larger lunch market. Full production ramp-up expected by Q2 2025.
- **Financial Strength**: Secured $3 million in growth financing and $1.5 million line of credit to support scaling.

**【CFO Financial Review】**
- **Revenue Growth**: Q4 2024 revenue ($2.8M) and full-year 2024 revenue ($10.7M) both set records, up 47% and 32% YoY, respectively.
- **Gross Margin**: Q4 2024 adjusted gross margin was 30%, down from 33% in Q4 2023 due to production inefficiencies. Full-year adjusted gross margin improved to 37% (vs. 35% in 2023).
- **Cost Pressures**: Q4 operating expenses increased due to higher logistics costs and production setup. Net loss for Q4 2024 was $852,000, up 21% YoY.
- **Balance Sheet**: Ended 2024 with $1.1M in cash and $1.5M in inventory. Secured $3M in February 2025 to support production scaling.

**【CEO Closing Remarks】**
- **2025 Outlook**: Q1 2025 revenue expected to match Q4 levels, with margin expansion beginning in H2 as manufacturing ramps up.
- **Customer Relationships**: Despite temporary supply challenges, strong customer retention driven by product demand.
- **Government Policy Impact**: Potential positive impact from DOE budget cuts, as schools may prioritize more popular products.

**【Q&A Highlights】**
- **Pop & Go Potential**: Bids in progress with top school districts; revenue contribution expected to accelerate post-Q2 2025.
- **Customer Feedback**: Despite supply constraints, customers remain committed due to product appeal.
- **Budget Concerns**: No direct negative feedback; long-term benefits from DOE cuts could outweigh short-term risks.

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