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

Financial Performance:

• 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.

Business Progress:

• 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.

More details: Barfresh Food IR

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.