Form 8-K - Current report
22 Januar 2024 - 10:54PM
Edgar (US Regulatory)
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2024-01-22
2024-01-22
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UNITED
STATES
SECURITIES
AND EXCHANGE COMMISSION
WASHINGTON,
D.C. 20549
FORM
8-K
CURRENT
REPORT
Pursuant
to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date
of Report (Date of earliest event reported): January
22, 2024
BRANCHOUT FOOD INC.
(Exact
name of registrant as specified in its charter)
Nevada |
|
001-41723 |
|
87-3980472 |
(State
or other jurisdiction
of incorporation) |
|
(Commission
File Number) |
|
(I.R.S.
Employer
Identification Number) |
205
SE Davis Avenue, Bend Oregon |
|
97702 |
(Address
of principal executive offices) |
|
(Zip
Code) |
(844)
263-6637
(Registrant’s
telephone number, including area code)
Check
the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under
any of the following provisions:
☐ |
Written
communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
|
|
☐ |
Soliciting
material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
|
|
☐ |
Pre-commencement
communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
|
|
☐ |
Pre-commencement
communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
Securities
registered pursuant to Section 12(b) of the Act:
Title
of each class |
|
Trading
Symbol(s) |
|
Name
of each exchange on which registered |
Common
Stock, par value $0.001 per share |
|
BOF |
|
Nasdaq
Capital Market |
Indicate
by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (17 CFR §230.405)
or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR §240.12b-2).
Emerging
growth company ☒
If
an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying
with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.
Item 2.02. Results of Operations and Financial Condition
On
January 22, 2024, BranchOut Food Inc. issued a press release announcing its anticipated revenues for the fiscal quarter ended December
31, 2023. A copy of the press release is furnished as Exhibit 99.1 to this report.
Item
9.01. Financial Statements and Exhibits.
SIGNATURES
Pursuant
to the requirements of the Securities and Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf
by the undersigned hereunto duly authorized.
|
BranchOut Food Inc. |
|
|
|
Date:
January 22, 2024 |
By: |
/s/
Eric Healy |
|
|
Eric
Healy, Chief Executive Officer |
Exhibit
99.1
BranchOut
Announces Preliminary Q4 2023 Revenue of ~$1.6 Million,
43% Sequential Growth Over the Previous Quarter;
Revenue Now at ~$6.4 Million
Annual Run Rate
-Continued
Product Line Expansion and Customer Launches Expected to Generate Strong Revenue Growth in 2024-
Bend,
Oregon - January 22, 2024 - BranchOut Food Inc. (NASDAQ: BOF), a pioneering food technology company and producer of dehydrated fruit
and vegetable-based products, today announced preliminary gross revenue for its fourth quarter ended December 31, 2023.
Preliminary
Q4 2023 gross revenue reached approximately $1.6 million, outpacing Q3 2023 gross revenue of $1.1 million by 43%, and full year 2022
gross revenue of approximately $888,000 by more 80%.
Eric
Healy, CEO of BranchOut Foods, commented, “BranchOut had a great fourth quarter with preliminary revenue nearly double all of last
year’s revenue. We launched a number of new customers in recent months and have entered the new year with great momentum. We expect
revenue to continue to grow at high rates in 2024 and gross margin to continue to improve as the year progresses. With ongoing expansion
of our product lines and customer base, BranchOut Food looks forward to another record year.”
About
BranchOut Food Inc.
BranchOut
Food is an international food-tech company delivering truly great natural snacks and real superfood ingredients enabled by its licensed
dehydration technology. The company’s GentleDry Technology is the next generation in dehydration technology, preserving up to 95%
of the original nutrition of fresh fruits and vegetables. BranchOut’s technology is protected by more than 17 patents. BranchOut
Food is proud to be a leading provider of high-quality dehydrated fruit and vegetable-based products and its commitment to quality and
innovation sets it apart as a trusted brand and private label supplier. For more information about BranchOut Food Inc. and its products,
please visit www.branchoutfood.com and follow us on LinkedIn and Twitter.
Forward-Looking
Statement
This
press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking
statements relate to expectations or forecasts of future events. Forward-looking statements may be identified using words such as “forecast,”
“intend,” “seek,” “target,” “anticipate,” “believe,” “expect,”
“estimate”, “plan,” “outlook,” and “project” and other similar expressions that predict
or indicate future events or trends or that are not statements of historical matters. Forward-looking statements with respect to the
operations of BranchOut Food, Inc., (the Company) strategies, prospects and other aspects of the business of the Company are based on
current expectations that are subject to known and unknown risks and uncertainties, which could cause actual results or outcomes to differ
materially from expectations expressed or implied by such forward-looking statements. You are cautioned not to place undue reliance upon
any forward-looking statements, which speak only as of the date made. Although it may voluntarily do so from time to time, the Company
undertakes no commitment to update or revise the forward-looking statements, whether as a result of new information, future events or
otherwise, except as required by applicable securities laws.
Contacts:
Investor
Relations:
Stephanie
Prince
PCG Advisory
sprince@pcgadvisory.com
(646)
863-6341
Media:
BranchOut
Food Inc.
info@branchoutfood.com
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