BranchOut Food (NASDAQ:BOF) Posts Quarterly Earnings Results

BranchOut Food (NASDAQ:BOF) released its quarterly earnings data on Tuesday. The company reported ($0.16) earnings per share (EPS) for the quarter, FiscalAI reports. The company had revenue of $4.01 million for the quarter. BranchOut Food had a negative net margin of 49.75% and a negative return on equity of 150.04%.

Here are the key takeaways from BranchOut Food’s conference call:

• BranchOut reported revenue doubled to $14.3 million for the year and management presents an adjusted gross margin of 27.8% after adding back heavy depreciation, ~$1.0M of last-year air freight and a $348k tariff receivable.
• Plant ramp progress — March hit the company’s breakeven target of ~45 metric tons, the fourth production line goes online mid/late April (expected to raise monthly capacity toward ~80 mt), and lower?moisture dairy SKUs could boost throughput roughly 2x–3x.
• Sales pipeline momentum — a $1.5M nationwide Sam’s Club order ships in May with potential to scale into a $10M–$15M SKU, five branded SKUs likely headed to Target in H2, ongoing Costco expansion and Walmart/European private?label discussions.
• Operating expenses rose materially — G&A increased from $1.1M to $3.48M driven by a $1.2M idle?capacity reclassification, plus a $401k historical loan impairment, ~$1.0M of prior air freight and higher R&D, which pressure near?term profitability.
• Balance sheet note — a $3.36M convertible note is expected to convert (management says ~$500k already converted), which would reduce current liabilities but implies equity dilution and timing/impact are uncertain.

BranchOut Food Price Performance

NASDAQ:BOF traded down $0.03 during trading hours on Tuesday, reaching $3.30. The company had a trading volume of 146,574 shares, compared to its average volume of 83,171. The stock has a 50-day moving average of $3.53 and a two-hundred day moving average of $3.09. BranchOut Food has a one year low of $1.53 and a one year high of $4.95. The firm has a market capitalization of $44.25 million, a PE ratio of -5.50 and a beta of 0.29. The company has a quick ratio of 1.02, a current ratio of 1.63 and a debt-to-equity ratio of 0.67.

Institutional Investors Weigh In On BranchOut Food

Institutional investors and hedge funds have recently made changes to their positions in the company. Bard Associates Inc. bought a new stake in shares of BranchOut Food in the 4th quarter worth about $3,290,000. Stifel Financial Corp lifted its holdings in BranchOut Food by 276.6% during the 4th quarter. Stifel Financial Corp now owns 386,000 shares of the company’s stock valued at $1,227,000 after purchasing an additional 283,500 shares during the last quarter. Evernest Financial Advisors LLC lifted its holdings in BranchOut Food by 579.6% during the 3rd quarter. Evernest Financial Advisors LLC now owns 176,700 shares of the company’s stock valued at $362,000 after purchasing an additional 150,700 shares during the last quarter. Renaissance Technologies LLC acquired a new position in BranchOut Food in the fourth quarter valued at about $148,000. Finally, Jane Street Group LLC bought a new stake in BranchOut Food during the fourth quarter worth about $82,000. Institutional investors and hedge funds own 2.59% of the company’s stock.

Analysts Set New Price Targets

Separately, Weiss Ratings reissued a “sell (d-)” rating on shares of BranchOut Food in a research note on Friday. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat, BranchOut Food presently has an average rating of “Sell”.

About BranchOut Food

BranchOut Food Inc develops, markets, sells, and distributes plant-based dehydrated fruit and vegetable snacks, and powders in the United States. The company offers dehydrated fruit and vegetable-based snacks, including avocado chips, chewy banana bites, pineapple chips, brussels sprout crisps, and bell pepper crisps; avocado, banana, and blueberry powders; and industrial ingredients, such as bulk avocado powder, dried avocado pieces, and other fruit powders/pieces. It also provides chocolate covered fruit items and private label products for retailers.