2023-08-14 16:14:02 ET
- Barfresh Food Group press release ( NASDAQ: BRFH ): Q2 Net loss of $742,000
- Revenue of $1.5M (-46.4% Y/Y) misses by $0.66M .
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The Company continues to expect to achieve higher revenue and gross margins in 2023 compared to 2022 including revenue in the range of $2.6 million to $3.0 million and achieve approximately breakeven adjusted EBITDA in the third quarter of 2023. The Company expects to achieve positive adjusted EBITDA for the fourth quarter of 2023.
The Company continues to expect gross profit margins for the second half of 2023 to be in the high 30’s to low 40’s.
For further details see:
Barfresh Food Group reports Q2 results