BRFH

EX-99.1

2 ex99-1.htm

EX-99.1

Exhibit 99.1

Barfresh Announces Second Quarter 2026 Results

Second Quarter Revenue Increased 190% Year-Over-Year to $4.7 million, Driven by Contribution from Arps Dairy Acquisition

Company Expects to Achieve Adjusted EBITDA Breakeven in Second Half of 2026

Company Revises Full Year 2026 Guidance to Reflect Slower-than-Anticipated Ramp in Production Efficiency at Existing Facility; Remains Focused on Completing Construction of New Defiance, Ohio Facility

LOS ANGELES, Aug 14, 2026 (GLOBE NEWSWIRE) – Barfresh Food Group Inc. (the “Company” or “Barfresh”) (Nasdaq: BRFH), a provider of frozen, ready-to-blend and ready-to-drink beverages, today reported financial results for the second quarter June 30, 2026.

Management Comments

Riccardo Delle Coste, the Company’s Chief Executive Officer, stated, “Our education channel continued to rebuild in the second quarter, as former customers returned and we added new school district wins across the country. That said, while our revenue increased driven by the Arps Dairy acquisition our overall results came in below our expectations for the quarter. Productivity at our existing Arps Dairy facility ramped more slowly than we had planned, driven by the condition of the current facilities infrastructure and equipment that needed more investment than planned to bring it into a more operable condition for the volume of product we needed. The resulting startup and inefficiency costs weighed on gross margin and Adjusted EBITDA more than we anticipated when we issued guidance in May.”

“We are addressing these inefficiencies directly and completing construction of our new 44,000-square-foot facility in Defiance, Ohio remains a top operational priority, as we believe it will meaningfully improve our production economics once commissioned. Given where we stand at the midpoint of the year, we are revising our full year 2026 guidance to reflect a more conservative view of the timeline to normalized production. We expect to achieve Adjusted EBITDA of negative $0.5 million to breakeven in the second half of 2026 as production efficiencies improve and new school district wins ramp for the 2026-27 school year. Our confidence in the underlying opportunity, once our integrated manufacturing platform is fully online, is unchanged.”

Second Quarter of 2026 Financial Results

Revenue for the second quarter of 2026 increased 190% year-over-year to $4.7 million, compared to $1.6 million in the second quarter of 2025 driven by the Arps Dairy Acquisition.

Gross loss was $150,000, or -3.2% of revenue, in the second quarter of 2026, compared to gross profit of $506,000, or 31.1% of revenue, in the second quarter of 2025. The decline was driven by startup and implementation costs and lower-than-anticipated productivity at the Company’s existing processing facility as it continues to ramp toward full-scale operations.

Selling, marketing and distribution for the second quarter of 2026 was $561,000 or 12% of revenue, compared to $634,000 or 39% of revenue in the second quarter of 2025. The year-over-year decrease reflects lower personnel costs as the Company increasingly leverages its broker network, lower equipment maintenance costs as single serve products, which require no customer equipment, represent a greater share of the portfolio mix, and the inclusion of raw and processed milk sales, which carry minimal distribution overhead.

G&A expenses for the second quarter of 2026 were $794,000, compared to $673,000 in the second quarter of 2025, primarily reflecting higher personnel, recruiting and other administrative costs associated with the Arps Dairy business.

Net loss for the second quarter of 2026 was $1.9 million as compared to a loss of $880,000 in the second quarter of 2025.

Adjusted EBITDA was a loss of $1.2M for the second quarter of 2026, compared to a loss of $600,000 in the second quarter of 2025. A reconciliation of net loss to Adjusted EBITDA is provided below.

Non-GAAP Financial Measures

The above information is presented in conformity with accounting principles generally accepted in the United States. In order to aid in the understanding of the Company’s business performance, the Company has also presented below certain non-GAAP measures, including EBITDA and Adjusted EBITDA, which are reconciled in the table below to comparable GAAP measures. Management believes that Adjusted EBITDA provides useful information to the investor because it is directly reflective of the performance of the Company. The exclusion of certain items including stock compensation and other non-recurring costs such as business acquisition expenses in calculating Adjusted EBITDA can provide a useful measure for period-to-period comparisons of the Company’s core business performance. Adjusted EBITDA is not recognized measurements under GAAP and should not be considered as an alternative to loss from operations, net loss or any other performance measure derived in accordance

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