Barfresh provides third quarter 2023 results and business update

Revenue of $2.6 million and gross margins of 35% in the third quarter of 2023 achieved best adjusted ebitda in company history in the third quarter of 2023 and expects positive adjusted ebitda for the fourth quarter of 2023 company expects year-over-year margin improvement for fiscal 2023 company on track to expand smoothie carton production to 25 million to 30 million units per year by end of fiscal year 2023 los angeles, oct. 26, 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 third quarter ended september 30, 2023. management comments riccardo delle coste, the company's chief executive officer, stated, “we delivered third quarter revenue and adjusted ebitda within our guidance with revenue growing sequentially and year-over-year to $2.6 million and adjusted ebitda close to breakeven at a loss of $87,000, the best in the history of the company.
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