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GlobeNewswire·

BranchOut Food Reports Record Q3; Achieves $16M Annualized Production Run Rate, Current Notes Payable Cut by 92%

BOF
  • September achieved record production of over 38,500 kg, establishing a $16M annualized run rate at the breakeven level.
  • Q3 revenue reached approximately $3.2M, bringing year-to-date totals to $9.7M, a 93% year-over-year increase.
  • The company completed its ATM equity program, strengthening the balance sheet & reducing current notes payable by over 92% from $6.39M to $0.5M.
  • The new strawberry product ranked in the top 10 best-selling items in its club category, gaining national visibility.
  • BranchOut committed to purchasing an additional EnWave REV™ 120kW machine to expand capacity for anticipated 2026 demand.
  • The company secured global exclusive rights to produce dragon fruit using EnWave's REV™ technology.
  • Q3 gross margin was 17%, but excluding air shipments & transitioning to ocean freight, margins are projected to reach approximately 30%.
  • Jesse Thomas was appointed Chief Marketing Officer & granted 50,000 stock options with a $2.09 exercise price.
  • Production efficiencies are expected to increase substantially in 2026 as R&D & scale-up investments are now largely complete.
  • The company is in advanced discussions with major retailers to support exceptional growth in 2026.