BranchOut Food Ships First Production of New, Innovative Products to Nation's Largest Retailer, Initiating Second of Three Existing Contracts Totaling $8M
- BranchOut Food contracts with the retailer now total approximately $8 million in annualized revenue New dried vegetable offerings have shipped ahead of a nationwide launch in July 2024 BEND, Ore., June 26, 2024 — BranchOut Food Inc.
- 06/26/2024
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BranchOut Food Ships First Production of New, Innovative Products to Nation's Largest Retailer, Initiating Second of Three Existing Contracts Totaling $8M
- BranchOut Food Ships First Production of New, Innovative Products to Nation's Largest Retailer, Initiating Second of Three Existing Contracts Totaling $8M
- 06/26/2024
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BranchOut Food Enters the $300 Billion Industrial Food Ingredients Market
- Industrial food ingredients expected to be a valuable additional commercialization channel Company to build out internal sales and marketing team to pursue new channel BranchOut Food will showcase its products and services at the ITF Annual Expo in July 2024 BEND, Ore., June 25, 2024 — BranchOut Food Inc.
- 06/25/2024
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U.S. Army Selects BranchOut Food Products for Field Test with Aim of Revolutionizing MREs
- Cinnamon Churro Banana Bites and Chili Lime Pineapple Chips—Both Made with GentleDry Technology—Excelled in Recent Shelf Life and Sensory Tests BEND, Ore., June 24, 2024 – BranchOut Food Inc.
- 06/24/2024
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U.S. Army Selects BranchOut Food Products for Field Test with Aim of Revolutionizing MREs
- BEND, Ore., June 24, 2024 (GLOBE NEWSWIRE) -- BranchOut Food Inc. (NASDAQ: BOF), a pioneering food technology company and producer of dehydrated fruit and vegetable-based products, is taking the next step in its strategic collaboration with the U.S. Army Combat Capabilities Development Command (DEVCOM) to enhance Meals Ready-to-Eat (MRE) through its proprietary GentleDry technology. Following BranchOut Food's successful six-month shelf-life test and sensory panels, the U.S. Army selected Cinnamon Churro Banana Bites for a subsequent field test with live soldiers, and will likely include the company's Chili Lime Pineapple Chips pending an additional iteration.
- 06/24/2024
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BranchOut Food Inc. Secures Fourth EnWave Dehydration Machine for New Peru Factory with $40M Production Capacity
- Radiant Energy Vacuum machine will be used in R&D and rapid product development to meet the needs of major retailer demands BEND, Ore., June 17, 2024 — BranchOut Food Inc.
- 06/17/2024
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BranchOut Food Successfully Completes Key Tests with U.S. Army, Advancing MREs with GentleDry Technology
- Live troop field tests mark the final phase in integrating GentleDry technology into military rations BEND, Ore., May 28, 2024 — BranchOut Food Inc. (NASDAQ: BOF), a leading food technology company specializing in dehydrated fruit and vegetable-based products, has completed a successful shelf-life test through a strategic collaboration with the U.S.
- 05/28/2024
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BranchOut Food Successfully Completes Key Tests with U.S. Army, Advancing MREs with GentleDry Technology
- BEND, Ore., May 28, 2024 (GLOBE NEWSWIRE) -- BranchOut Food Inc. (NASDAQ: BOF), a leading food technology company specializing in dehydrated fruit and vegetable-based products, has completed a successful shelf-life test through a strategic collaboration with the U.S. Army Combat Capabilities Development Command (DEVCOM) to enhance Meals Ready-to-Eat or MREs utilizing BranchOut Food's proprietary GentleDry technology. The six-month shelf-life test and sensory panels reported exceptional scores for all products.
- 05/28/2024
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EnWave Sells 100kW Radiant Energy Vacuum Machine to BranchOut Foods Inc.
- VANCOUVER, British Columbia, May 24, 2024 (GLOBE NEWSWIRE) -- EnWave Corporation (TSX-V:ENW | FSE:E4U) (“EnWave”, or the “Company”) announced today that it has signed an equipment purchase agreement (the “EPA”) with BranchOut Foods Inc. (NASDAQ: BOF) (“BranchOut”), a leading food technology company specializing in dehydrated fruit and vegetable-based products. BranchOut requires additional Radiant Energy Vacuum (“REV®”) drying capacity to meet the increasing demand for their premium, healthy fruit and vegetable products. This is the third large-scale REV® machine purchased by BranchOut.
- 05/24/2024
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BranchOut Food Inc. Secures Third EnWave Dehydration Machine; Announces $40M Production Capacity with New Peru Facility
- BEND, Ore., May 24, 2024 – BranchOut Food Inc. (NASDAQ: BOF), a leading food technology company specializing in dehydrated fruit and vegetable-based products, today announced the expansion of its agreement with EnWave Corporation (TSX-V: ENW | FSE: E4U). As part of this enhanced partnership, BranchOut has purchased its third large-scale EnWave dehydration machine.
- 05/24/2024
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BranchOut Food Inc. Secures Third EnWave Dehydration Machine; Announces $40M Production Capacity with New Peru Facility
- BEND, Ore., May 24, 2024 (GLOBE NEWSWIRE) -- BranchOut Food Inc. (NASDAQ: BOF), a leading food technology company specializing in dehydrated fruit and vegetable-based products, today announced the expansion of its agreement with EnWave Corporation (TSX-V: ENW | FSE: E4U). As part of this enhanced partnership, BranchOut has purchased its third large-scale EnWave dehydration machine.
- 05/24/2024
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Head-To-Head Comparison: BranchOut Food (BOF) versus Its Competitors
- BranchOut Food (NASDAQ:BOF – Get Free Report) is one of 40 public companies in the “Food & kindred products” industry, but how does it contrast to its competitors? We will compare BranchOut Food to similar companies based on the strength of its valuation, analyst recommendations, institutional ownership, earnings, risk, dividends and profitability. Institutional and Insider Ownership 2.6% of BranchOut Food shares are owned by institutional investors. Comparatively, 48.6% of shares of all “Food & kindred products” companies are owned by institutional investors. 30.5% of BranchOut Food shares are owned by insiders. Comparatively, 20.5% of shares of all “Food & kindred products” companies are owned by insiders. Strong institutional ownership is an indication that large money managers, hedge funds and endowments believe a company will outperform the market over the long term. Profitability This table compares BranchOut Food and its competitors’ net margins, return on equity and return on assets. Net Margins Return on Equity Return on Assets BranchOut Food -100.10% -143.59% -110.86% BranchOut Food Competitors -29.98% -51.00% -12.81% Earnings and Valuation This table compares BranchOut Food and its competitors top-line revenue, earnings per share and valuation. Gross Revenue Net Income Price/Earnings Ratio BranchOut Food $2.83 million -$3.93 million -1.27 BranchOut Food Competitors $7.04 billion $640.13 million 2.98 BranchOut Food’s competitors have higher revenue and earnings than BranchOut Food. BranchOut Food is trading at a lower price-to-earnings ratio than its competitors, indicating that it is currently more affordable than other companies in its industry. Analyst Recommendations This is a breakdown of current ratings and target prices for BranchOut Food and its competitors, as provided by MarketBeat.com. Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score BranchOut Food 0 0 0 0 N/A BranchOut Food Competitors 322 1309 1512 31 2.39 As a group, “Food & kindred products” companies have a potential upside of 18.33%. Given BranchOut Food’s competitors higher probable upside, analysts plainly believe BranchOut Food has less favorable growth aspects than its competitors. Summary BranchOut Food competitors beat BranchOut Food on 8 of the 9 factors compared. About BranchOut Food (Get Free Report) BranchOut Food Inc. develops, markets, sells, and distributes plant-based dehydrated fruit and vegetable snacks, and powders in the United States. The company offers dehydrated fruit and vegetable-based snacks, including avocado chips, chewy banana bites, pineapple chips, brussels sprout crisps, and bell pepper crisps; avocado, banana, and blueberry powders; and industrial ingredients, such as bulk avocado powder, dried avocado pieces, and other fruit powders/pieces. It also provides chocolate covered fruit items and private label products for retailers. The company was formerly known as AvoLov, LLC and changed its name to BranchOut Food Inc. in November 2021. BranchOut Food Inc. was incorporated in 2017 and is headquartered in Bend, Oregon.
- 05/20/2024
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BranchOut Food Inc. Announces Record First Quarter 2024 Results, Gross Margin Increased to 19%, On Track for ~$8M Run Rate
- BEND, Ore., May 15, 2024 – PRISM MediaWire – BranchOut Food Inc. (NASDAQ: BOF), a leading food technology company specializing in dehydrated fruit and vegetable-based products, today announced its recent accomplishments and financial results for the first quarter ended March 31, 2024.
- 05/15/2024
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BranchOut Food Inc. Announces Record First Quarter 2024 Results, Gross Margin Increased to 19%, On Track for ~$8M Run Rate
- Achieved a 1,407% revenue increase to $1.47 million in Q1 2024. Increased gross margin to 19% in Q1 2024, up from -3% last year.
- 05/15/2024
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BranchOut Food Secures Large Scale Production Facility in Peru Capable of $40M in Production Capacity; Estimated 40-50% Gross Margins
- Build out to begin immediately, with production expected to commence in the third quarter BEND, Ore., May 14, 2024 – BranchOut Food Inc.
- 05/14/2024
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BranchOut Food Secures Large Scale Production Facility in Peru Capable of $40M in Production Capacity; Estimated 40-50% Gross Margins
- LIMA, Peru, May 14, 2024 (GLOBE NEWSWIRE) -- BranchOut Food Inc. (NASDAQ: BOF), a pioneering food technology company and producer of dehydrated fruit and vegetable-based products, today announced that it has signed a long term lease for a 50,000 square foot production facility in Peru. Under the terms of the agreement, BranchOut Food has the first right to purchase the facility at a fixed price at any point during the 10-year term.
- 05/14/2024
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Why Is BranchOut Food (BOF) Stock Up 84% Today?
- BranchOut Food (NASDAQ: BOF ) stock is taking off on Wednesday after the company announced its third contract with a major retailer in the U.S. According to the company, this deal comes with a commitment of $300,000. That's enough to push BranchOut Food's annualized revenue above $8 million.
- 04/24/2024
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BranchOut Food Announces Third Contract with Nation's Largest Retailer, to Total $8M in Annualized Revenue
- New commitment valued at $300,000 brings total annualized value to over $8M BranchOut Food's dried fruit products expected to enter 1,400 stores in September 2024 BEND, Ore., April 24, 2024 (GLOBE NEWSWIRE) -- BranchOut Food Inc. (NASDAQ: BOF), a pioneering food technology company and producer of dehydrated fruit and vegetable-based products, today announced it has expanded its existing relationship with the nation's largest retailer.
- 04/24/2024
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BranchOut Food Announces Third Contract with Nation's Largest Retailer, to Total $8M in Annualized Revenue
- New commitment valued at $300,000 brings total annualized value to over $8M BranchOut Food's dried fruit products expected to enter 1,400 stores in September 2024 BEND, Ore., April 24, 2024 – BranchOut Food Inc.
- 04/24/2024
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BranchOut Food Strengthens Financial Position with Successful Sale of Senior Secured Promissory Notes and Warrants
- Transaction supports Company's continued execution of its product roadmap and capital expenditures for new equipment BEND, Ore., April 17, 2024 – BranchOut Food Inc.
- 04/17/2024
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BranchOut Food Strengthens Financial Position with Successful Sale of Senior Secured Promissory Notes and Warrants
- BEND, Ore., April 17, 2024 (GLOBE NEWSWIRE) -- BranchOut Food Inc. (NASDAQ: BOF), a food technology company and maker of dehydrated fruit and vegetable-based products, today announced that it has completed the sale of $225,000 of Senior Secured Promissory Notes ("Notes") and Warrants to purchase an aggregate of 56,250 shares of the Company's common stock. Each Warrant is exercisable for a ten-year period at an exercise price of $2.00 per share.
- 04/17/2024
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BranchOut Food Announces 2023 Financial Results Ending Year at a $6.4M Run Rate with Current Commitments of $9.0M in Annualized Sales for 2024
- 2023 net revenue of $2.83M, up 276% versus prioryear due to major retailer engagements BEND, Ore., April 02, 2024 – BranchOut Food Inc.
- 04/02/2024
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BranchOut Food Announces 2023 Financial Results Ending Year at a $6.4M Run Rate with Current Commitments of $9.0M in Annualized Sales for 2024
- BEND, Ore., April 02, 2024 (GLOBE NEWSWIRE) -- BranchOut Food Inc. (NASDAQ: BOF), a pioneering food technology company and producer of dehydrated fruit and vegetable-based products, today announced its recent accomplishments and financial results for the fourth quarter and year ended December 31, 2023. Eric Healy, CEO of BranchOut Foods, said, “We are very pleased with BranchOut Food's significant growth and accomplishments since our IPO in June 2023.
- 04/02/2024
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BranchOut Food to Debut New Products at Natural Products Expo West
- Natural Products Expo West showcases trending products for retailers stocking stores shelves nationwide BranchOut Food will launch two new products lines including Salad Toppers and Kids' Snack Packs BEND, Ore., March 13, 2024 (GLOBE NEWSWIRE) -- BranchOut Food Inc. (NASDAQ: BOF), a pioneering food technology company and producer of dehydrated fruit and vegetable-based products, today announced that it will debut a brand refresh and launch two new product lines at its exhibit at the Natural Products Expo West, held in Anaheim, CA from March 13-15, 2024.
- 03/13/2024
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BranchOut Food to Debut New Products at Natural Products Expo West
- Natural Products Expo West showcases trending products for retailers stocking stores shelves nationwide BranchOut Food will launch two new products lines including Salad Toppers and Kids' Snack Packs BEND, Ore., March 13, 2024 – BranchOut Food Inc.
- 03/13/2024
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EnWave Declares Significant Sales Wins for Royalty-Partner BranchOut Food
- VANCOUVER, British Columbia, Feb. 29, 2024 (GLOBE NEWSWIRE) -- EnWave Corporation (TSX-V:ENW | FSE:E4U) (“EnWave”, or the “Company”) today announced that BranchOut Food Inc. (NASDAQ:BOF) (“BranchOut”), a royalty partner of the Company, has broadened its existing relationship with the nation's largest warehouse club following exceptional sales of its popular Pineapple Chips product in the California regions. The warehouse club retailer has now committed to two new orders valued at nearly US$900,000, scheduled for Q3 2024, placing the product again in the Northern California Region, plus seven additional states across the Southeast.
- 02/29/2024
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BranchOut Food Significantly Expands Relationship with Nation's Largest Warehouse Club with New Orders Adding ~$900,000 in Q3 of 2024
- After exceptional sales in the California regions, BranchOut expands into 7 more states Several additional regions now reviewing BranchOut Food's products due to exceptional sales BEND, Ore., February 26, 2024 – BranchOut Food Inc.
- 02/26/2024
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BranchOut Food Significantly Expands Relationship with Nation's Largest Warehouse Club with New Orders Adding ~$900,000 in Q3 of 2024
- After exceptional sales in the California regions, BranchOut expands into 7 more states Several additional regions now reviewing BranchOut Food's products due to exceptional sales BEND, Ore., Feb. 26, 2024 (GLOBE NEWSWIRE) -- BranchOut Food Inc. (NASDAQ: BOF), a pioneering food technology company and producer of dehydrated fruit and vegetable-based products, today announced that it has broadened its existing relationship with the nation's largest warehouse club following exceptional sales of its popular Pineapple Chips product in the California regions.
- 02/26/2024
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BranchOut Food Expands Relationship with Nation's Largest Retailer, Valued at an estimated $7.6M Annually
- BEND, Ore., February 12, 2024 – BranchOut Food Inc. (NASDAQ: BOF), a pioneering food technology company and producer of dehydrated fruit and vegetable-based products, today announced that it has expanded its relationship with the nation's largest retailer. The new agreement is valued at an estimated $7.6 million annually.
- 02/12/2024
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BranchOut Food Expands Relationship with Nation's Largest Retailer, Valued at an estimated $7.6M Annually
- BEND, Ore., Feb. 12, 2024 (GLOBE NEWSWIRE) -- BranchOut Food Inc. (NASDAQ: BOF), a pioneering food technology company and producer of dehydrated fruit and vegetable-based products, today announced that it has expanded its relationship with the nation's largest retailer. The new agreement is valued at an estimated $7.6 million annually.
- 02/12/2024
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PRISM MarketView Highlights BranchOut Food as Company Reaches Revenue Records
- New York, N.Y. February 8, 2024 – PRISM MarketView, a leading provider of unbiased market insight and company news, today highlights BranchOut Food (NASDAQ: BOF), a pioneering food technology company with a smart growth strategy that is helping it achieve new revenue records each quarter.
- 02/08/2024
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PRISM CEO CORNER – Eric Healy, BranchOut Food – Reaching Record Revenues with Disruptive Food Technology
- New York, February 7, 2024 – Consumer demand for healthier and more sustainable food options is on the rise in the US. According to the World Economic Forum, around 50% of Americans say they are actively trying to make healthy eating choices, but a culture of snacking may be getting in the way of the best intentions. This year alone, the US snack food market is valued at more than $108 billion.
- 02/07/2024
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U.S. IPO Weekly Recap: No IPOs, But The Pipeline Gets A Pickup With 3 New Filers
- There were no pricings this past week, as the sole scheduled deal delayed Azitra. Electric air travel company Surf Air Mobility filed for a direct listing on the NYSE. Pixie Dust Technologies, a Japanese maker of personal care devices and spatial materials, filed to raise $19 million at a $143 million market cap.
- 06/10/2023
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US IPO Weekly Recap: J&J Spin-Off Kenvue Launches Billion-Dollar Deal In A 1 IPO Week
- The week's news was led by J&J's consumer health unit Kenvue, which set terms for its $3.3 billion listing on Monday. Six IPOs submitted initial filings this past week.
- 04/30/2023
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