Barfresh Food Group reports Q2 net loss ($1M) vs. ($742,000) last year

Reports Q2 revenue $1.46M, two estimates $2.15M. Riccardo Delle Coste, the company’s CEO, stated, “During the first six months of this year we have made tremendous improvements in all areas of our business. Our recent infrastructure investments have us well positioned to achieve record quarterly revenue results in our third quarter and record annual revenue results while also driving margin improvement. The recent investments include expanding our co-manufacturing capacity by 400%, expanding our product line with a new offering that has the potential to be as big as of all of our other products combined, significantly increasing the number of school customers, and extending our sales reach to cover over 95% of the country – all while bringing on top talent to our leadership team. These investments are not just about this year’s results; they are about building a company that is primed for sustained, long-term growth. The infrastructure we’ve put in place thus far is the launchpad for our next phase of growth. As we look ahead, I’m energized by the opportunities before us and confident in our ability to deliver substantial value to our customers and shareholders alike.”