Barfresh Food Group, Inc. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2023
August 14, 2023 at 04:07 pm EDT
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Barfresh Food Group, Inc. reported earnings results for the second quarter and six months ended June 30, 2023. For the second quarter, the company reported sales was USD 1.51 million compared to USD 2.8 million a year ago. Net loss was USD 0.742 million compared to USD 0.716 million a year ago. Basic loss per share from continuing operations was USD 0.06 compared to USD 0.06 a year ago.
For the six months, sales was USD 3.6 million compared to USD 5.33 million a year ago. Net loss was USD 1.65 million compared to USD 1.59 million a year ago. Basic loss per share from continuing operations was USD 0.13 compared to USD 0.12 a year ago.
Barfresh Food Group, Inc. is engaged in the manufacturing and distribution of ready-to-drink and ready-to-blend frozen beverages. Its portfolio of products includes smoothies, shakes and frappes. Its ready-to-drink smoothie, Twist & Go, is focused on the USDA national school meal program, including the school breakfast program, the national school lunch program and smart snacks in schoolsâ program. This sweet fruit and creamy yogurt smoothie contains four ounces of yogurt and a half-cup of fruit/fruit juice and comes in three different flavors: strawberry banana, peach and mango pineapple. Its bulk Easy Pour format, which contains all the ingredients necessary to make the beverage. Its single-serve format features portion-controlled and ready-to-blend beverage ingredient packs or beverage packs. The beverage packs contain all the ingredients necessary to make the beverage, including the base, real fruit pieces, juices and ice-five ounces of water are added before blending.