BranchOut Food Shareholder Update: Projects $15M Run Rate and Positive Cash Flow for Q1 2025 Amid Surge in New Orders as Peru Factory Opens
October 24 2024 - 7:00AM
BranchOut Food Inc. (NASDAQ: BOF), a cutting-edge leader in food
technology, today unveiled transformative developments that
position the company for a banner year of growth and profitability.
With the commissioning of its state-of-the-art production facility
in Peru and a surge of major customer reorders, BranchOut is
projecting $3.8M in net revenue for Q1 2025—up 150% from the prior
year—and expects to achieve positive cash flow in the same quarter.
BranchOut’s new Peru facility, with its innovative GentleDry™
technology, marks a significant milestone for BranchOut, allowing
the company to take production in-house, driving higher margins and
enabling immediate profitability.
Driving Growth Through Key Strategic
Partnerships
- The nation’s largest warehouse club has expanded its
relationship with BranchOut following exceptional sales across the
Bay Area and Southeast regions, where per store performance
exceeded retailer expectations by more than 200%. A total of $1.7M
reorders for Q1 2025 have been secured, with expectations of
additional orders in Q2. As a result, the retailer has expanded its
product offerings, ordering three BranchOut products—Pineapple
Chips, Organic Chewy Bananas, and Bell Pepper Crisps.
- This October, BranchOut successfully launched three new
private-label products at the nation’s largest retailer, including
its novel Brussels Sprout Crisps and Carrot Sticks. These
innovative products are now available nationwide, with the retailer
already placing follow-up reorders to meet demand.
- BranchOut has signed an initial $175k order with the nation’s
top salad kit producer, supplying them with crunchy cherry
tomatoes, a new innovation for the category. Additionally,
BranchOut is engaged with a top online grocery retailer to produce
and private-label its avocado chips and chewy banana bites—products
difficult to manufacture with legacy technologies.
- Lastly, BranchOut has been
finalizing its sales strategy for the ingredient market, which
could be as large or larger than the snack market. Discussions are
far advanced with a potential exclusive sales partner - which
already has established relationships with all major CPG companies
- targeting 2025 revenues of $5+ million.
Peru Facility Now Fully Operational, Supporting $40M
Production Capacity
BranchOut’s newly commissioned 50,000-square-foot facility in
Peru is now operational, producing Brussels Sprout Crisps and
Carrot Sticks to fulfill reorders from the nation’s largest
retailer. Production for the nation’s largest warehouse club will
begin in November, featuring large-scale batches of Organic Chewy
Bananas, Pineapple Chips, and Bell Pepper Crisps. This advanced
facility, with a capacity of 800 metric tons, utilizes BranchOut’s
proprietary GentleDry™ technology, which is disrupting and
replacing legacy dehydration methods by delivering superior
quality, nutrition, and efficiency. Combined with Peru’s abundant
supply of affordable raw materials and labor, BranchOut is
positioned as a global leader in innovative, cost-effective food
production, driving record top-line revenue and profitability.
A Transformative Year Ahead
“Bringing our Peru facility online marks a pivotal moment for
BranchOut,” said Eric Healy, CEO of BranchOut Food. “We are
well-positioned to scale operations efficiently while driving
profitability. As we look ahead to 2025 and beyond, we see
tremendous growth opportunities fueled by increasing demand from
major retailers, ingredient customers and large CPG brands. Given
the rapid growth, we are exploring the acquisition of a fourth
large scale machine in 2025, which would increase our production
capacity from $40M to approximately $50M and support our current
and future sales goals for the next two years.”
BranchOut remains laser-focused on expanding growth while
maintaining disciplined financial management. With a strong
pipeline of customer orders and industry-leading technology, the
company is on track to eliminate all outstanding debt by Q4 2025,
setting the stage for a debt-free, high-margin growth phase.
About BranchOut Food Inc.
BranchOut Food is a leading international food technology
company, specializing in the production of high-quality dehydrated
fruit and vegetable-based products through its proprietary
GentleDry Technology. This next-generation dehydration method
preserves up to 95% of the original nutrition of fresh produce,
offering superior quality and taste. Protected by over 17 patents,
BranchOut’s technology enables it to stand out as a trusted brand,
ingredient and a private-label supplier. For more information,
visit www.branchoutfood.com or follow us on social media here.
Forward-Looking Statements
This press release contains forward-looking statements within
the meaning of the Private Securities Litigation Reform Act of
1995. These forward-looking statements relate to expectations or
forecasts of future events. Forward-looking statements may be
identified using words such as "forecast," "intend," "seek,"
"target," "anticipate," "believe," "expect," "estimate", "plan,"
“position”, "outlook," and "project" and other similar expressions
that predict or indicate future events or trends or that are not
statements of historical matters. Forward-looking statements with
respect to the operations of BranchOut Food, Inc., (the Company)
strategies, prospects and other aspects of the business of the
Company are based on current expectations that are subject to known
and unknown risks and uncertainties, which could cause actual
results or outcomes to differ materially from expectations
expressed or implied by such forward-looking statements. You are
cautioned not to place undue reliance upon any forward-looking
statements, which speak only as of the date made. Although it may
voluntarily do so from time to time, the Company undertakes no
commitment to update or revise the forward-looking statements,
whether as a result of new information, future events or otherwise,
except as required by applicable securities laws.
For more information:info@branchoutfood.com
Investor Contact:
Jeff RamsonPCG Advisory646-863-6893jramson@pcgadvisory.com
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