barfresh (ootc: brfh), the leader in ready-to-blend frozen beverages, manufactures and distributes whirl class blended smoothies, shakes and frappes in a way that has transformed the blended beverage industry. in 2005, founder and ceo riccardo delle coste recognized an exploding interest in the “better for you” beverage segment, so he created barfresh. since 2009, frozen beverages have been the fastest growing category - not to mention, a $25 billion dollar industry - with smoothies representing one of the highest gross profit margins. today, as consumer demand increases for healthier alternatives, two major problems arise for restaurants and foodservice operators that want to serve blended beverages - labor costs and product waste both make it all but impossible for this booming category to be profitable. until now. the barfresh process is the first patent pending system in the u.s. that combines all the ingredients of a blended beverage into individually pre-portioned packs. barfresh
Company profile
Ticker
BRFH
Exchange
Website
CEO
Riccardo Delle Coste
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
Former names
Moving Box Inc
SEC CIK
Corporate docs
IRS number
271994359
BRFH stock data
Latest filings (excl ownership)
PRE 14A
Preliminary proxy
17 Apr 24
10-K
2023 FY
Annual report
22 Mar 24
8-K
Barfresh Provides Fourth Quarter and Full Year 2023 Results and Business Update
29 Feb 24
D/A
$2.07 mm in equity / debt, sold $2.05 mm, 8 investors
21 Dec 23
EFFECT
Notice of effectiveness
5 Dec 23
S-3/A
Shelf registration (amended)
30 Nov 23
CORRESP
Correspondence with SEC
30 Nov 23
S-3/A
Shelf registration (amended)
6 Nov 23
8-K
Other Events
1 Nov 23
UPLOAD
Letter from SEC
31 Oct 23
Transcripts
BRFH
Earnings call transcript
2023 Q4
29 Feb 24
BRFH
Earnings call transcript
2023 Q2
14 Aug 23
BRFH
Earnings call transcript
2023 Q1
27 Apr 23
BRFH
Earnings call transcript
2022 Q3
13 Nov 22
BRFH
Earnings call transcript
2022 Q2
28 Jul 22
BRFH
Earnings call transcript
2022 Q1
28 Apr 22
BRFH
Earnings call transcript
2021 Q4
10 Mar 22
BRFH
Earnings call transcript
2021 Q3
16 Nov 21
BRFH
Earnings call transcript
2021 Q2
12 Aug 21
BRFH
Earnings call transcript
2021 Q1
17 May 21
Latest ownership filings
Financial summary
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Diluted EPS |
Annual (USD) | Dec 22 | Dec 21 | Dec 20 | Dec 19 | |
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Diluted EPS |
Cash burn rate (est.) | Burn method: Change in cash | Burn method: Operating income | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
---|---|---|---|---|---|---|
Cash on hand (at last report) | 1.01 mm | 1.01 mm | 1.01 mm | 1.01 mm | 1.01 mm | 1.01 mm |
Cash burn (monthly) | (no burn) | 406.17 k | 158.67 k | 334.00 k | (no burn) | 169.75 k |
Cash used (since last report) | n/a | 2.78 mm | 1.09 mm | 2.29 mm | n/a | 1.16 mm |
Cash remaining | n/a | -1.77 mm | -76.61 k | -1.28 mm | n/a | -152.58 k |
Runway (months of cash) | n/a | -4.4 | -0.5 | -3.8 | n/a | -0.9 |
Institutional ownership, Q2 2023
19.2% owned by funds/institutions
13F holders | Current |
---|---|
Total holders | 12 |
Opened positions | 1 |
Closed positions | 2 |
Increased positions | 1 |
Reduced positions | 4 |
13F shares | Current |
---|---|
Total value | 4.17 bn |
Total shares | 2.78 mm |
Total puts | 0.00 |
Total calls | 0.00 |
Total put/call ratio | – |
Largest owners | Shares | Value |
---|---|---|
Ibex Investors | 1.44 mm | $2.16 bn |
Bleichroeder | 800.29 k | $1.20 bn |
Vanguard | 292.61 k | $438.91 mm |
HighTower Advisors | 87.58 k | $131.00 mm |
MS Morgan Stanley | 79.62 k | $119.43 mm |
Geode Capital Management | 35.34 k | $53.01 mm |
Marathon Capital Management | 26.14 k | $39.20 mm |
NTRS Northern Trust | 10.46 k | $15.68 mm |
Tower Research Capital | 4.91 k | $7.37 mm |
BLK Blackrock | 1.12 k | $1.69 mm |
Recent insider trades
Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
---|---|---|---|---|---|---|---|---|---|---|
27 Mar 24 | Delle Coste Riccardo | Common Stock | Grant | Acquire A | No | No | 0 | 46,485 | 0.00 | 146,733 |
27 Mar 24 | Delle Coste Riccardo | Common Stock | Grant | Acquire A | No | No | 0 | 20,380 | 0.00 | 100,248 |
27 Mar 24 | Lisa Roger | Common Stock | Grant | Acquire A | No | No | 0 | 8,114 | 0.00 | 47,892 |
27 Mar 24 | Lisa Roger | Common Stock | Grant | Acquire A | No | No | 0 | 11,209 | 0.00 | 39,778 |
23 Feb 24 | Delle Coste Riccardo | Common Stock | Grant | Acquire A | No | No | 0 | 14,858 | 0.00 | 79,868 |
17 Jan 24 | Lisa Roger | Common Stock | Payment of exercise | Dispose F | No | No | 0 | 1,577 | 0.00 | 28,569 |
12 Jan 24 | Isabelle Ortiz-Cochet | Stock option Common Stock | Grant | Acquire A | No | No | 1.45 | 20,886 | 30.28 k | 20,886 |
27 Apr 23 | Delle Coste Riccardo | Stock option Common Stock | Grant | Acquire A | No | No | 1.33 | 19,231 | 25.58 k | 19,231 |