Earnings Call Summary | Barfresh Food(BRFH.US) Q1 2024 Earnings Conference
Earnings Call Summary | Barfresh Food(BRFH.US) Q1 2024 Earnings Conference
Net loss for Q1 2024 was reduced to $449,000, improving from the net loss of $889,000 in Q1 2023.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年第一季度業績電話會議記錄摘要：
Financial Performance:
財務業績：
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報告稱，2024年第一季度收入爲280萬美元，較2023年第一季度增長35％，這主要是由對紙包裝產品的需求和批量銷售的改善推動的。
毛利率爲41.4％，是該公司自2021年初以來的最高水平。
2024年第一季度的淨虧損從2023年第一季度的88.9萬美元淨虧損減少至44.9萬美元。
由於運費效率的提高和固定的人事成本，銷售、營銷和分銷費用佔收入的比例同比從32％下降到25％。
2024年第一季度調整後的息稅折舊攤銷前利潤約爲53,000美元，較虧損54.4萬美元大幅改善。
Business Progress:
業務進展：
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.
該公司成功應對了與大流行相關的挑戰，重新推出了其 100% 濃縮果汁。
在一個月內新增了2600多個學校地點，目前服務的學生人數已超過200萬人。
新的製造合作伙伴正在加入，以滿足不斷增長的需求。
該公司通過與東南部最大的區域銷售經紀人簽署協議，擴大了其銷售網絡。
正在努力進一步競標學校和擴大分銷範圍，同時與現有客戶重新互動並吸引新客戶。
More details: Barfresh Food IR
更多詳情： Barfresh 食品紅外線
Tips: For more comprehensive details, please refer to the IR website. The article is only for investors' reference without any guidance or recommendation suggestions.
提示：欲了解更多詳情，請訪問投資者關係網站。本文僅供投資者參考，不構成任何投資建議。
譯文內容由第三人軟體翻譯。
