Barfresh provides second quarter 2023 results and expects to achieve positive adjusted ebitda for the fourth quarter of 2023

Revenue of $1.5 million and gross margins of 31% in the second quarter of 2023 company has already secured over $1.6 million in revenue and expects to achieve revenue in the range of $2.6 million to $3.0 million in the third quarter of 2023 company expects to be approximately breakeven adjusted ebitda for third quarter of 2023 and achieve positive adjusted ebitda for fourth quarter of 2023 capacity expansion plans for smoothie carton product ahead of plan; production expected to increase to 25 million to 30 million units per year in second half of 2023 company continues to expect record revenue in fiscal 2023 and year-over-year margin improvement los angeles, aug. 14, 2023 (globe newswire) -- barfresh food group inc. (the “company” or “barfresh”) (nasdaq: brfh), a provider of frozen, ready-to-blend and ready-to-drink beverages, is providing a business update for the second quarter ended june 30, 2023. management comments riccardo delle coste, the company's chief executive officer, stated, “we continued this quarter to implement our cost-savings initiatives, re-engage with customers we had lost due to the supply chain issues last year related to our bottling manufacturer, engage with new customers and expand our single-serve and bulk smoothie capacity as we ready ourselves to enter into our heavy selling season.
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