Revenue: As of FY2025 Q3, the actual value is USD 4.2 M, missing the estimate of USD 4.356 M.<h3>Financial Metrics and Operational Highlights</h3><ul><li>Adjusted Gross Profit and Adjusted EBITDA: Barfresh Food Group, Inc. presented non-GAAP measures such as Adjusted Gross Profit and Adjusted EBITDA, which are reconciled to gross profit and net loss, respectively. These metrics exclude non-operational or non-cash costs, including acquisition costs, relocation expenses, stock compensation, and other non-recurring costs.</li></ul><h3>Third Quarter of 2025 Financial Results</h3><ul><li>Revenue: Increased 16% year-over-year to $4.2 million, marking the highest quarterly revenue in company history.</li><li>Gross Margin: Improved to 37% from 35% in the third quarter of 2024, reflecting better operational efficiency and a favorable product mix.</li><li>Net Loss: Reduced to $290,000, compared to a loss of $513,000 in the third quarter of 2024, driven by increased revenue and gross margin, partially offset by acquisition-related expenses.</li><li>Selling, Marketing, and Distribution Expenses: $941,000 or 22% of revenue, down from $990,000 or 27% of revenue in the third quarter of 2024.</li><li>General and Administrative Expenses: Increased to $844,000 from $705,000 in the third quarter of 2024, primarily due to acquisition-related expenses.</li><li>Adjusted EBITDA: Achieved a gain of approximately $153,000, a substantial improvement from the prior year period loss of approximately $124,000.</li></ul><h3>First Nine Months of 2025 Financial Results</h3><ul><li>Revenue: Increased 11% to $8.8 million, compared to $7.9 million in the same period of 2024.</li><li>Gross Margin: Decreased to 34% from 37% for the same period of 2024, due to product mix and new manufacturer trial and development costs.</li><li>Net Loss: $1.9 million, compared to a loss of $2.0 million in the same period of 2024.</li><li>Selling, Marketing, and Distribution Expenses: Increased to $2.4 million, compared to $2.3 million in the same period of 2024.</li><li>General and Administrative Expenses: Decreased to $2.3 million from $2.4 million in the same period of 2024.</li><li>Adjusted EBITDA: Loss of approximately $952,000, compared to a loss of $752,000 in the same period of 2024.</li></ul><h3>Balance Sheet</h3><ul><li>Cash and Accounts Receivable: Approximately $4.4 million as of September 30, 2025.</li><li>Inventory: Approximately $1.1 million.</li><li>Acquisition Funding: Arps Dairy acquisition funded primarily through approximately $1.3 million in debt repayment using an expansion of the existing line of credit.</li></ul><h3>Outlook / Guidance</h3><ul><li>Forward-Looking Statements: The company provided forward-looking statements indicating expectations for commercial progress and future financial performance. These statements are based on assumptions and are subject to risks and uncertainties, which may not materialize. Investors are cautioned that these statements are not guarantees of future performance.</li><li>Fiscal Year 2025 Revenue Guidance: Reiterated at $14.5 million to $15.5 million, representing 36% to 46% year-over-year growth.</li><li>Fiscal Year 2026 Revenue Guidance: Preliminary guidance of $30 million to $35 million, representing 126% growth compared to the high end of fiscal 2025 guidance.</li><li>Growth Drivers: Full-year contribution from Arps Dairy, continued market penetration in the education channel, expansion of the Pop &amp; Go product line, and operational leverage from the integrated manufacturing model.</li></ul>

Barfresh Food | 8-K: FY2025 Q3 Revenue Misses Estimate at USD 4.2 M