Quarterly ResultMay 14, 2026, 04:08 PM
BranchOut Food Q1 Net Loss Doubles to $1.79M; Going Concern Warning
AI Summary
BranchOut Food Inc. reported a substantial increase in net loss for the first quarter of 2026, reaching $1.79 million, nearly double the loss from the prior year. Net revenue decreased by 17.8% to $2.61 million. The company also disclosed a going concern warning due to recurring losses and negative working capital, indicating substantial doubt about its ability to continue operations. Management is actively seeking new customers, expanding its product mix, and pursuing additional capital.
Key Highlights
- Net loss for Q1 2026 doubled to $1.79 million from $0.92 million in Q1 2025.
- Net revenue decreased 17.8% to $2.61 million in Q1 2026 from $3.17 million in Q1 2025.
- Operating loss widened to $1.62 million in Q1 2026 from $0.65 million in Q1 2025.
- Accumulated deficit reached $25.5 million with negative working capital of $1.1 million as of March 31, 2026.
- Net cash used in operating activities increased to $2.10 million in Q1 2026.
- Company raised $1.5 million from related party notes and $1.43 million from ATM program.
- Inventory increased to $4.03 million from $2.39 million at year-end 2025.