BranchOut Announces Preliminary Q4 2023 Revenue Of ~$1.6M, 43% Sequential Growth Over The Previous Quarter; Revenue Now At ~$6.4M Annual Run Rate
Portfolio Pulse from Benzinga Newsdesk
BranchOut Food Inc. (NASDAQ:BOF) reported preliminary Q4 2023 revenue of approximately $1.6 million, a 43% increase over Q3 2023, and an 80% increase over the full year 2022 revenue. The company's annual run rate is now around $6.4 million. CEO Eric Healy highlighted the company's strong performance, new customer acquisitions, and positive outlook for continued revenue growth and gross margin improvement in 2024.
January 22, 2024 | 1:21 pm
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POSITIVE IMPACT
BranchOut Food Inc. reported a significant increase in Q4 2023 revenue, indicating strong growth and positive momentum entering 2024.
The reported 43% sequential growth in revenue for Q4 2023 and the positive outlook for 2024 provided by the CEO suggest a strong performance that could positively influence investor sentiment and the stock price in the short term. The substantial increase in revenue compared to the previous year further emphasizes the company's growth trajectory.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100