BranchOut Food Q2 net loss widens to $2.7 million; net revenue rises 36% to $4.5 million vs year-ago quarter
BOF•Second-quarter results
- BranchOut posts Q2 net loss of $2.72 million, widening from $1.6 million a year earlier.
- Net revenue rises 36% to $4.46 million year over year, helped by bulk strawberry ingredient sales and a Sam’s Club launch.
- GAAP gross margin drops to 2.2% from 17.8%; non-GAAP adjusted gross margin falls to 8.3% from 24.3%.
Six-month results and liquidity
- Six-month net loss widens to $4.51 million from $2.52 million as GAAP gross margin slides 10.2 percentage points to 7%.
- Working capital improves to $240,771 from negative $584,240, but cash ends at $0.21 million with going-concern doubt flagged.
