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Earnings Call Summary | Barfresh Food(BRFH.US) Q1 2024 Earnings Conference

Earnings Call Summary | Barfresh Food(BRFH.US) Q1 2024 Earnings Conference

财报电话会议摘要 | Barfresh Food (BRFH.US) 2024 年第一季度财报会议
moomoo AI ·  05/18 09:31  · 电话会议

The following is a summary of the Barfresh Food Group, Inc. (BRFH) Q1 2024 Earnings Call Transcript:

以下是Barfresh Food Group, Inc.(BRFH)2024年第一季度财报电话会议记录摘要:

Financial Performance:

财务业绩:

  • Barfresh Food Group reported Q1 2024 revenue of $2.8 million, a 35% increase from Q1 2023, largely driven by demand for the carton product and improvements in bulk sales.

  • The gross margin of 41.4% is the company's highest since early 2021.

  • Net loss for Q1 2024 was reduced to $449,000, improving from the net loss of $889,000 in Q1 2023.

  • Selling, marketing, and distribution expenses dropped from 32% to 25% of revenue year-over-year due to improved freight efficiencies and fixed personnel costs.

  • Adjusted EBITDA for Q1 2024, at approximately $53,000, significantly improved turn around from a loss of $544,000.

  • Barfresh Food Group报告称,2024年第一季度收入为280万美元,较2023年第一季度增长35%,这主要是由对纸包装产品的需求和批量销售的改善推动的。

  • 毛利率为41.4%,是该公司自2021年初以来的最高水平。

  • 2024年第一季度的净亏损从2023年第一季度的88.9万美元净亏损减少至44.9万美元。

  • 由于运费效率的提高和固定的人事成本,销售、营销和分销费用占收入的比例同比从32%下降到25%。

  • 2024年第一季度调整后的息税折旧摊销前利润约为53,000美元,较亏损54.4万美元大幅改善。

Business Progress:

业务进展:

  • The company successfully navigated pandemic-related challenges, leading to the re-launch of its 100% juice concentrates.

  • Over 2,600 new school locations were added within a month, with the student body served now exceeding 2 million.

  • A new manufacturing partner is being onboarded to accommodate growing demand.

  • The company has widened its sales network by signing an agreement with the largest regional sales broker in the Southeast.

  • Efforts are underway for further school bids and expanding distribution, along with re-engaging with existing customers and attracting new ones.

  • 该公司成功应对了与大流行相关的挑战,重新推出了其 100% 浓缩果汁。

  • 在一个月内新增了2600多个学校地点,目前服务的学生人数已超过200万人。

  • 新的制造合作伙伴正在加入,以满足不断增长的需求。

  • 该公司通过与东南部最大的区域销售经纪人签署协议,扩大了其销售网络。

  • 正在努力进一步竞标学校和扩大分销范围,同时与现有客户重新互动并吸引新客户。

More details: Barfresh Food IR

更多详情: Barfresh 食品红外线

Tips: This article is generated by AI. The accuracy of the content can not be fully guaranteed. For more comprehensive details, please refer to the IR website. The article is only for investors' reference without any guidance or recommendation suggestions.

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