Barfresh Continues to Aggressively Add New Customers in the Education Channel
07 Maggio 2024 - 2:30PM
Barfresh Food Group Inc. (the “Company” or “Barfresh”) (Nasdaq:
BRFH), a provider of frozen, ready-to-blend and ready-to-drink
beverages, reinforced its education channel sales momentum today by
announcing new multi-state customer wins, broadening its reach in
this key market. The Company recently secured 443 new school
locations, representing a collective population of over 360,000
students. These new school locations plan to introduce a varied
selection of the Company’s products, including its Twist & Go
carton and bottled smoothie products, 5:1 100% juice concentrates
and 1:1 bulk easy pour smoothie concentrates to their students
starting in fall 2024 for the 2024-2025 school year. Over the past
two weeks, Barfresh has announced over 2,600 new customer school
locations, representing close to two million students, that will be
served a range of the Company’s products either on their breakfast
menus or a la carte menus. With numerous bids in the education
channel currently underway, the Company anticipates announcing a
significant number of new customer wins before the 2024-2025 school
year commences.
Riccardo Delle Coste, the Company’s Chief
Executive Officer, stated, “Our education business is experiencing
continued momentum, highlighted by this latest string of
significant new school customer wins across multiple states and
districts. Securing these latest wins showcases the tremendous
appeal of our healthy portfolio of products tailored for the
education channel's unique needs. We have a robust acquisition
pipeline in progress with numerous bids underway and expect to have
many more schools signed on to serve Barfresh’s products before the
fall. The acceleration in customer wins positions us to achieve
record revenue and year over year margin expansion in fiscal year
2024. While pleased with our robust near-term growth trajectory,
we’re even more enthusiastic about the long-term runway ahead
fueled by our expanded sales broker network, the recent hiring of
Vice President of Supply Chain & Co-Manufacturing, the expected
introduction of new products and the expected onboarding of a new
large bottle co-manufacturer.”
About Barfresh Food Group
Barfresh Food Group Inc. (Nasdaq: BRFH) is a
developer, manufacturer and distributor of ready-to-blend and
ready-to-drink beverages, including smoothies, shakes and frappes,
primarily for the education market, foodservice industry and
restaurant chains, delivered as fully prepared individual portions
or single serving and bulk formats for on-site preparation. The
Company’s single serving, on-site prepared product utilizes a
proprietary, patented system that uses portion-controlled
pre-packaged beverage ingredients, delivering a freshly made frozen
beverage that is quick, cost efficient, better for you and without
waste. For more information, please visit www.barfresh.com.
Forward Looking
StatementsExcept for historical information herein,
matters set forth in this press release are forward-looking,
including statements about the Company’s commercial progress,
success of its strategic relationship(s), and projections of future
financial performance. These forward-looking statements are
identified by the use of words such as “grow”, “expand”,
“anticipate”, “intend”, “estimate”, “believe”, “expect”, “plan”,
“should”, “hypothetical”, “potential”, “forecast” and “project”,
“continue,” “could,” “may,” “predict,” and “will” and variations of
such words and similar expressions are intended to identify such
forward-looking statements. All statements, other than statements
of historical fact, included in the press release that address
activities, events or developments that the Company believes or
anticipates will or may occur in the future are forward-looking
statements. These statements are based on certain assumptions made
based on experience, expected future developments and other factors
the Company believes are appropriate under the circumstances. Such
statements are subject to a number of assumptions, risks and
uncertainties, many of which are beyond the control of the Company.
Should one or more of these risks or uncertainties materialize, or
should underlying assumptions prove incorrect, actual results may
vary materially from those indicated or anticipated by such
forward-looking statements. Accordingly, you are cautioned not to
place undue reliance on these forward-looking statements, which
speak only as of the date they are made. The contents of this
release should be considered in conjunction with the Company’s
recent filings with the Securities and Exchange Commission,
including its Annual Report on Form 10-K, Quarterly Reports on Form
10-Q and Current Reports on Form 8-K, including any warnings, risk
factors and cautionary statements contained therein. Furthermore,
the Company expressly disclaims any current intention to update
publicly any forward-looking statements after the distribution of
this release, whether as a result of new information, future
events, changes in assumptions or otherwise.
Investor RelationsJohn
MillsICR646-277-1254John.Mills@icrinc.com
Deirdre
ThomsonICR646-277-1283Deirdre.Thomson@icrinc.com
Grafico Azioni Barfresh Food (NASDAQ:BRFH)
Storico
Da Dic 2024 a Gen 2025
Grafico Azioni Barfresh Food (NASDAQ:BRFH)
Storico
Da Gen 2024 a Gen 2025