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BranchOut Food | 10-Q: Q3 2024 Earnings Report

BranchOut Food | 10-Q: Q3 2024 Earnings Report

BranchOut Food | 10-Q：2024财年三季报
美股SEC公告 ·  2024/11/15 05:29

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BranchOut Food Inc. reported Q3 2024 net revenue of $2.18 million, up 141% from $907,000 in Q3 2023, driven by increased sales to its largest customer. Gross profit improved to $336,340 with 15% margins compared to a gross loss in the prior year, benefiting from cost savings through bulk shipping arrangements.Operating expenses increased to $1.24 million from $671,383 last year due to higher marketing costs, rent and travel expenses related to the new Peru facility development. The company recognized $518,233 in interest expenses for the nine months, up from $406,000, as it took on additional debt to fund expansion. Net loss widened to $1.27 million from $706,000 in Q3 2023.The company commenced operations at its new 50,000 square-foot Peru production facility in October 2024, marking a significant expansion milestone. However, with an accumulated deficit of $16.1 million and working capital of $702,541 as of September 30, management noted substantial doubt about the company's ability to continue as a going concern without additional funding.
BranchOut Food Inc. reported Q3 2024 net revenue of $2.18 million, up 141% from $907,000 in Q3 2023, driven by increased sales to its largest customer. Gross profit improved to $336,340 with 15% margins compared to a gross loss in the prior year, benefiting from cost savings through bulk shipping arrangements.Operating expenses increased to $1.24 million from $671,383 last year due to higher marketing costs, rent and travel expenses related to the new Peru facility development. The company recognized $518,233 in interest expenses for the nine months, up from $406,000, as it took on additional debt to fund expansion. Net loss widened to $1.27 million from $706,000 in Q3 2023.The company commenced operations at its new 50,000 square-foot Peru production facility in October 2024, marking a significant expansion milestone. However, with an accumulated deficit of $16.1 million and working capital of $702,541 as of September 30, management noted substantial doubt about the company's ability to continue as a going concern without additional funding.
BranchOut Food Inc. 报告了2024年第三季度净营业收入为218万美元，比2023年第三季度的907,000美元增长了141%，这得益于对其最大客户销售的增加。毛利润改善至336,340美元，利润率为15%，相比于上一年的毛亏损，受益于通过批量运输安排实现的成本节约。营业费用增加至124万美元，从去年671,383美元上升，主要由于与新秘鲁设施开发有关的更高营销费用、租金和差旅费用。该公司在九个月内确认了518,233美元的利息费用，较406,000美元有所上升，因为它增加了债务以资助扩张。净亏损从2023年第三季度的706,000美元扩大至127万美元。该公司在2024年10月开始在其新的50,000平方英尺的秘鲁生产设施中运营，标志着一次重要的扩张里程碑。然而，截至9月30日，管理层指出该公司累计赤字为1610万美元，流动资金为702,541美元，显示出对公司在没有额外融资情况下能否持续经营的重大怀疑。
BranchOut Food Inc. 报告了2024年第三季度净营业收入为218万美元，比2023年第三季度的907,000美元增长了141%，这得益于对其最大客户销售的增加。毛利润改善至336,340美元，利润率为15%，相比于上一年的毛亏损，受益于通过批量运输安排实现的成本节约。营业费用增加至124万美元，从去年671,383美元上升，主要由于与新秘鲁设施开发有关的更高营销费用、租金和差旅费用。该公司在九个月内确认了518,233美元的利息费用，较406,000美元有所上升，因为它增加了债务以资助扩张。净亏损从2023年第三季度的706,000美元扩大至127万美元。该公司在2024年10月开始在其新的50,000平方英尺的秘鲁生产设施中运营，标志着一次重要的扩张里程碑。然而，截至9月30日，管理层指出该公司累计赤字为1610万美元，流动资金为702,541美元，显示出对公司在没有额外融资情况下能否持续经营的重大怀疑。
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