Barfresh Food Group Inc. (NASDAQ: BRFH)

Barfresh Food Group Inc is engaged in the manufacturing and distribution of ready-to-drink and ready-to-blend frozen beverages and food. The company’s core products include smoothies, shakes, frappes, and juice pops, targeting consumers seeking convenient, nutritious options. Following the acquisition of Arps Dairy Inc in October 2025, the company expanded its operations to include raw and processed milk production, enhancing its supply chain capabilities and manufacturing control.

Barfresh Food Group Inc generates revenue through the sale of its beverage and food products across multiple distribution channels, including national accounts, regional accounts, and broadline distributors. The company’s product portfolio features branded offerings such as Twist & Go™ ready-to-drink smoothies, Easy Pour bulk concentrate, WHIRLZ 100% Juice concentrate, and Pop & Go™ ready-to-eat juice pops. Additionally, revenue is derived from the direct sale of raw and processed milk to a single significant customer, a legacy operation from the Arps Dairy acquisition that supports internal capacity utilization.

The company operates through the following segments: Frozen Beverages and Food, and Raw and Processed Milk.

• Frozen Beverages and Food: This segment focuses on the development, manufacturing, and distribution of ready-to-drink and ready-to-blend frozen beverages and food products. Key offerings include the Twist & Go™ ready-to-drink smoothie, available in strawberry banana, peach, and mango pineapple flavors, and the Easy Pour bulk format, which is mixed 1:1 with water in dispensing equipment. The segment also includes WHIRLZ 100% Juice concentrate, used at a 5:1 ratio with water, and the Pop & Go™ juice pop, introduced in late 2024 with five fruit-based flavors. All products emphasize real fruit, no added sugars, and allergen-friendly attributes such as dairy-free, gluten-free, and kosher options.

• Raw and Processed Milk: This segment involves the procurement, processing, and sale of raw and processed milk, derived from the operations of Arps Dairy Inc following its acquisition. The segment supplies milk to a single significant customer under a legacy agreement, supporting the company’s internal production needs. Operations occur at a 15,000-square foot facility in Ohio, with a new 44,000-square foot facility under construction to replace it in 2026, enabling expanded capacity and improved efficiency.

Barfresh Food Group Inc holds a competitive position in the niche market of institutional frozen beverages, particularly within the U. S. Department of Agriculture’s national school meal programs. The company differentiates itself through proprietary product formats like the Twist & Go™ and Pop & Go™ lines, which offer portion control, ease of use, and nutritional compliance. While facing competition from larger food and beverage manufacturers at the institutional level and specialized juice bars and fast-food chains at the consumer level, Barfresh leverages its single-serve and bulk formats to enable partners to meet consumer demand efficiently.

Barfresh Food Group Inc serves institutional customers such as school districts participating in the School Breakfast Program, National School Lunch Program, and Smart Snacks in Schools Program. The company also supplies its bulk Easy Pour products to over one hundred U. S. military bases domestically and abroad through a contract with the United States Defense Logistics Agency. Additionally, the Raw and Processed Milk segment serves a single significant customer under a pre-existing supply agreement, forming a key part of the company’s post-acquisition operations.