Core Insights - BranchOut Food Inc. has signed a Letter of Intent (LOI) with a leading distributor in the dried food ingredient sector, aiming for significant growth in the ingredient channel with projected sales of $5-6 million in 2025 [2][4] - The initial purchase order issued alongside the LOI is valued at approximately $250,000, setting the stage for a definitive agreement expected in January 2025 [3][5] - The new production facility in Peru is fully operational, featuring the world's largest GentleDry™ capacity, which positions the company to disrupt the $36 billion freeze-dry market [5][6] Company Developments - The partnership with the ingredient distributor is a crucial step in BranchOut's three-channel sales strategy, which includes branded and private label retail [4][5] - The Peru facility supports an annual production capacity of $40 million, enhancing the company's ability to scale efficiently and drive profitability [5] - BranchOut's GentleDry™ technology preserves up to 95% of the original nutrition of fresh produce, offering superior quality and taste, and is protected by over 17 patents [7] Market Context - The freeze-dried market is valued at $36 billion and is growing at a CAGR of 7.6%, with potential price increases due to tariffs on Chinese imports [6] - BranchOut Food's GentleDry™ technology is positioned to replace traditional freeze-drying methods, providing cost-effective and high-quality alternatives [6][7]

Revenue and Profitability - Net revenue for the three months ended September 30, 2024, was $2,181,495, an increase of $1,274,499, or 141%, compared to $906,996 for the same period in 2023[149] - Gross profit for the three months ended September 30, 2024, was $336,340, representing gross margins of 15%, compared to a gross loss of $27,607, or negative gross margins of 3%, for the same period in 2023[150] - Net revenue for the nine months ended September 30, 2024, was $5,011,497, an increase of $3,664,096 or 272% compared to $1,347,401 in the same period of 2023[158] - Cost of goods sold increased to $4,242,810, up $2,819,764 or 198% from $1,423,046 in 2023, resulting in a gross profit of $768,687 with a gross margin of 15%[159] Expenses - Cost of goods sold for the three months ended September 30, 2024, was $1,845,155, an increase of $910,552, or 97%, compared to $934,603 for the same period in 2023[150] - General and administrative expenses for the three months ended September 30, 2024, were $560,537, an increase of $330,078, or 143%, compared to $230,459 for the same period in 2023[151] - General and administrative expenses rose to $1,201,474, an increase of $649,084 or 118% from $552,390 in 2023, driven by higher advertising, rent, and travel costs[160] - Salaries and wages increased to $1,257,316, up $346,504 or 38% from $910,812 in 2023, largely due to $408,700 in non-cash stock-based compensation[161] - Professional fees increased to $1,064,567, an increase of $544,061 or 105% from $520,506 in 2023, attributed to higher legal and consulting fees[162] - Other expense for the three months ended September 30, 2024, was $367,650, primarily due to increased interest expense related to funding expansion into Peru[155] Losses - Net loss for the three months ended September 30, 2024, was $1,270,805, an increase of $564,812, or 80%, compared to $705,993 for the same period in 2023[156] - Net loss for the nine months ended September 30, 2024, was $3,264,326, an increase of $807,730 or 33% compared to $2,456,596 in 2023, primarily due to increased compensation and compliance costs[164] - The company has incurred recurring losses resulting in an accumulated deficit of $16,074,867 as of September 30, 2024[141] Cash Flow - Net cash used in operating activities was $3,259,049 for the nine months ended September 30, 2024, compared to $3,258,248 in 2023, reflecting a slight increase due to higher net loss and inventory purchases[169] - Net cash used in investing activities surged to $2,095,691, an increase of $2,029,126 or 3,048% from $66,565 in 2023, mainly due to property and equipment purchases[170] - Net cash provided by financing activities was $5,767,938, an increase of $1,983,088 or 52% from $3,784,850 in 2023, driven by increased net proceeds from debt financing[171] Expansion Plans - The company has initiated its own production facility in Peru, which commenced operations in October 2024, utilizing three large-scale REV machines[138] - The lease for the Peru facility requires monthly payments starting at $8,000 for the first two years, increasing to $25,000 thereafter[144] - The company plans to grow revenues by penetrating the multi-billion dollar grocery market and expanding its product lines[140]

BranchOut Food Shareholder Update: Projects $15M Run Rate and Positive Cash Flow for Q1 2025 Amid Surge in New Orders as Peru Factory Opens BranchOut Peru Facility Now Operational, Driving Profitability Through High-Margin ProductionKey Highlights:Projecting $3.8M in Q1 revenue, with strong growth throughout the yearInflecting to Positive Cash Flow Beginning in Q1 2025Peru Facility Now Operational, Producing Initial Orders and Capturing High MarginsNation’s Largest Warehouse Club Reorders $1.7M After Stron ...

BranchOut Food estimated to finish year at $8 million in Net Revenue Net Revenue for 1st half 2024 up over 640% from revenue in 1st half 2023 The Company estimates $5 million in Revenue for 2nd half of 2024, double that of the same period last year, to finish 2024 near $8 million Opening new production facility in Peru with about $40 mm in capacity with first production anticipated in October Completed combined financing of $5.4 million in June and July 2024 to finance completion of new production facility ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ________to ________. Commission File Number 001-41723 BRANCHOUT FOOD INC. (Exact name of registrant as specified in its charter) Nevada 81-3980472 (State or other jurisdi ...

BranchOut Food is currently filling orders valued at over $8 million from some of the country's largest retailers but has turned down additional orders in the trailing twelve months as it awaits the new factory opening. Eric Healy, CEO of BranchOut Food, said: "We believe BranchOut is at its inflection point. This capital will allow us to complete the construction of our large-scale production factory in Peru, giving us the capacity to manufacture our orders with significantly improved margins and control. ...

BEND, OR, June 28, 2024 – BranchOut Food Inc. (NASDAQ: BOF), ("BranchOut" or the "Company"), a leading food technology company specializing in dehydrated fruit and vegetable-based products, today announced the closing of its underwritten public offering of 1,750,000 shares of common stock at a public offering price of $0.80 per share. The gross proceeds from the offering, before underwriting discounts and commissions and estimated offering expenses payable by the Company, are approximately $1,400,000. In ad ...

The securities described above were offered by BranchOut pursuant to a registration statement on Form S-1, as amended (File No. 333-280428) that was declared effective by the U.S. Securities and Exchange Commission (the "SEC") on June 26, 2024. The offering was made only by means of a prospectus forming a part of the effective registration statement. A copy of the final prospectus related to the offering may be obtained from Alexander Capital L.P., 10 Drs James Parker Boulevard #202, Red Bank, New Jersey 07 ...

This has Branchout Food offering investors 1.75 million shares of BOF stock for 80 cents each. That has the company expecting to raise gross proceeds of $1.4 million from the offering. What This Means for BOF Stock BOF stock is down 38.9% as of Thursday morning. More Thursday Stock Market News On the date of publication, William White did not have (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject ...

BranchOut Food Announces Nation's Largest Retailer Increases Third Contract to Approximately $1M Annually, Triples Original Commitment BEND, Ore., June 27, 2024 — BranchOut Food Inc. (NASDAQ: BOF), a pioneering food technology company and producer of dehydrated fruit and vegetable-based products, today announced that the nation's largest retailer has increased the store count and overall projected sales of its third contract with BranchOut Food. The new third contract now has a value of approximately $1 mil ...