Barfresh Reports Q1 Revenue Beat Amid Customer Recovery
Barfresh Food Group (BRFH) reported first-quarter revenue of $5.6 million, a 92% year-over-year increase and above its guidance range of $5.0-$5.2 million, driven by strong performance from Arps Dairy's milk processing operations. However, gross margin declined to 18%, down from 31% in the prior year due to lower-margin contributions and facility startup costs.
Topics: customer recovery guidance reaffirmed margin pressure revenue beat