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 [Yahoo! Finance]
BranchOut Food Inc. (BOF)
Company Research
Source: Yahoo! Finance
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. In the ensuing nine months, we have built strong, long-term relationships with some of the nation's leading retailers, and our products have now established popularity among shoppers in stores throughout the country. “The fourth quarter was marked by revenue nearly doubling that of the previous total year, while gross margin improved as the year progressed. We also expect revenue to continue to grow in 2024. Our rising gross profit percentage is attributed to reduced retailer chargebacks compared to previous quarters. A depreciation
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News
- BranchOut Food Announces Third Contract with Nation's Largest Retailer, to Total $8M in Annualized Revenue [Yahoo! Finance]Yahoo! Finance
- BranchOut Food Announces Third Contract with Nation’s Largest Retailer, to Total $8M in Annualized RevenueGlobeNewswire
- BranchOut Food Strengthens Financial Position with Successful Sale of Senior Secured Promissory Notes and Warrants [Yahoo! Finance]Yahoo! Finance
- BranchOut Food Strengthens Financial Position with Successful Sale of Senior Secured Promissory Notes and WarrantsGlobeNewswire
- Better Choice and Herbalife among consumer staples movers [Seeking Alpha]Seeking Alpha
BOF
Sec Filings
- 5/9/24 - Form SC
- 4/16/24 - Form 8-K
- 4/1/24 - Form 10-K
- BOF's page on the SEC website