Overview

* Barfresh Q3 revenue grows 16% yr/yr to $4.2 mln, misses analyst expectations

* Company achieves positive adjusted EBITDA and 37% gross margin in Q3 2025

* Barfresh completes acquisition of Arps Dairy, enhancing manufacturing capabilities

Outlook

* Barfresh reiterates fiscal 2025 revenue guidance of $14.5 mln to $15.5 mln

* Company provides preliminary fiscal 2026 revenue guidance of $30 mln to $35 mln

Result Drivers

* PRODUCTION CONSISTENCY - Improved production consistency from co-manufacturing partners drove revenue growth

* ARPS DAIRY ACQUISITION - Acquisition enhances manufacturing capabilities, expected to drive top and bottom-line growth

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q3 Miss $4.2 mln $4.36

Revenue mln (2

Analysts

)

Q3 Gross 37%

Margin

Analyst Coverage

* The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 2 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"

* The average consensus recommendation for the non-alcoholic beverages peer group is "hold."

* Wall Street's median 12-month price target for Barfresh Food Group Inc ( BRFH ) is $5.25, about 40.4% above its November 5 closing price of $3.13

Press Release:

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)