Q2 2026 Barfresh Food Group Inc Earnings Call Transcript
Key Points
- Revenue grew 190% year-over-year to $4.7 million in Q2 2026, driven by the Arps Dairy acquisition.
- The Arps Dairy acquisition successfully ensured supply continuity, allowing Barfresh Food Group Inc (BRFH) to maintain sales to customers and reduce reliance on co-packers.
- The education channel continues to rebuild, with new school district wins and returning customers expected to ramp up for the 2026-2027 school year.
- The company has made significant improvements in production throughput at the existing facility and expects continued improvement through the back half of the year.
- Barfresh Food Group Inc (BRFH) now owns its Defiance, Ohio property and building free and clear after using convertible note proceeds to pay off the mortgage.
- Gross margin turned negative at -3.2% of revenue in Q2 2026, down from +31.1% in the prior year, due to startup costs and lower-than-anticipated productivity.
- The ramp at the existing Arps Dairy facility took longer than modeled, leading to higher costs and a downward revision of full-year 2026 adjusted EBITDA guidance to a loss of $1 million to $2 million.
- The company had to move the ice cream business out of the facility due to equipment and infrastructure constraints, resulting in a loss of approximately $0.8 million in revenue.
- Costs for the new Defiance, Ohio facility have increased more than initially anticipated, and the company may need to adjust its approach to make the economics work.
- Legacy Barfresh product revenue only increased 9% in the quarter, with growth hampered by supply constraints from the previous school year and a delayed revenue recovery.
Good afternoon, everyone, and thank you for participating on today's second quarter 2026 earnings conference call webcast for Barfresh Food Group. Joining us today is Barfresh Food Group's founder and CEO, Riccardo Delle Coste, and Barfresh Food Group's CFO, Lisa Rogers. Following prepared remarks, we will open the call for your questions.
The discussion today will include forward-looking statements. Except for historical information herein, matters set forth on this call are forward-looking within the meanings of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, including statements about the company's commercial progress, success of its strategic relationships, and projection of future financial performance.
These forward-looking statements are identified by the use of the words such as grow, expand, anticipate, intend, estimate, believe, expect, plan, should, hypothetical, potential, forecast, and project, continue, could, may, predict, and will, and variations of sub words and similar expressions are intended to identify such forward-looking
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