Stocks
ETFs
Options
Commodities
Crypto
Currency
Pro Newsletters
Research Tools
Daily Feeds
Calendars
Economic Indicators
Class Actions
Calculators
Education
About Us
Working with TipRanks
Follow Us
Barfresh Food Group (BRFH)
NASDAQ:BRFH
RESEARCH TOOLSreports
Holding BRFH?
Track your performance easily
Earnings Data
Report Date
Feb 27, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
-$0.01Last Year’s EPS
-$0.05Same Quarter Last Year
Moderate Buy
Based on 2 Analysts Ratings
---
Earnings Call Summary
Earnings Call Date:Oct 24, 2024
|% Change Since: 3.28%
|Next Earnings Date:Feb 27, 2025
Earnings Call Sentiment|Neutral
The earnings call reflects a strong performance in terms of revenue growth and strategic expansion. However, increased operational costs and net losses present challenges. The launch of new products and expanded manufacturing capacity indicate a promising future, but current financial constraints need to be addressed.Company Guidance
During the third quarter of 2024 earnings call for Barfresh Food Group, CEO Riccardo Delle Coste announced a record quarterly revenue of over $3.6 million, marking a 40% increase from the previous year. This growth is attributed to strategic initiatives that have enhanced production capacity by 400%, enabling annual production of over 120 million units, and expanded sales reach through a broker network covering 95% of the United States. The company's product portfolio saw innovation with the introduction of Pop & Go, a USDA-compliant product targeting the education channel's lunch menus, which could potentially reach five times the volume of current breakfast offerings. CFO Lisa Roger reported a gross margin of 35%, with an adjusted gross margin of 38% for the quarter, alongside a net loss of $513,000 compared to $476,000 in the prior year, mainly due to increased headcount and the non-recurrence of tax benefits. The company holds $2.1 million in cash and accounts receivable as of September 30, 2024, and has implemented measures to manage liquidity, including equity compensation and financing options. The leadership expressed confidence in sustaining growth into 2025, leveraging increased production and an integrated ERP system to scale operations efficiently.Record Quarterly Revenue
Achieved record quarterly revenue of over $3.6 million for Q3 2024, representing a 40% increase over the same period last year.
Expansion of Manufacturing Capacity
New manufacturing partnerships have increased production capacity to over 120 million units annually, a 400% increase compared to last year.
Strategic Expansion of Sales Network
The broker network now covers 95% of the country, expanding the company's sales reach significantly.
Launch of New Product: Pop & Go
Commenced selling Pop & Go to the education channel, with positive initial feedback and significant volume potential.
Adjusted Gross Margin Improvement
Adjusted gross margin for Q3 2024 improved to 38% from 35%, driven by favorable product mix and pricing actions.
---
BRFH Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
---
BRFH Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Oct 24, 2024 | $2.44 | $2.05 | -15.98% |
| Aug 14, 2024 | $3.79 | $3.35 | -11.61% |
| May 15, 2024 | $1.91 | $1.78 | -6.81% |
| Feb 29, 2024 | $1.26 | $1.22 | -3.17% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
---
FAQ
When does Barfresh Food Group (BRFH) report earnings?
Barfresh Food Group (BRFH) is schdueled to report earning on Feb 27, 2025, TBA Not Confirmed.
What is Barfresh Food Group (BRFH) earnings time?
Barfresh Food Group (BRFH) earnings time is at Feb 27, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is BRFH EPS forecast?
BRFH EPS forecast for the fiscal quarter 2024 (Q4) is -$0.01.
---