Business
The Fresh Factory Reports Record Billed Revenue & EBITDA in Q1 2025
The Company reported its highest-ever quarterly billed revenue of $10.7M (CAD $15.2M) in Q1 2025,...
About this update from Fresh Factory B.c. Ltd.
[{"type":"text","content":"The Fresh Factory Reports Record Billed Revenue & EBITDA in Q1 2025The Company reported its highest-ever quarterly billed revenue of $10.7M (CAD $15.2M) in Q1 2025, representing a year-over-year increase of 27% from Q1 2024.The Company achieved record positive EBITDA of $0.9M (CAD $1.2M) in Q1 2025, compared to $0.3M (CAD $0.4M) in Q1 2024.The Company completed the build-out of and started production at and shipping from its new Downers Grove facility.The Company expanded its capacity and improved the packaging capabilities of its new snack-bites line. CAROL STREAM, IL / ACCESS Newswire / May 15, 2025 / The Fresh Factory B.C. Ltd. (TSXV:FRSH)(FRA:Q4Z) (\"The Fresh Factory\" or the \"Company\"), a mission-driven company for fresh, clean-label, and better-for-you food and beverage brands, is pleased to announce financial results for the first quarter ending March 31, 2025 (\"Q1 2025\").\"We're incredibly proud to report our strongest quarter to date, driven by the disciplined execution of our team and momentum across our platform,\" said Bill Besenhofer, CEO and co-founder of The Fresh Factory. \"With production now live at our Downers Grove facility and expanded capabilities in our snack-bites line, we're positioned for a new phase of responsible growth. As we look ahead, our focus remains on scaling efficiently, supporting our brand partners, and delivering fresh, better-for-you innovation.\"Financial and Operational Highlights: Q1 2025 vs Q1 2024Record Billed Revenue: $10.7M (CAD $15.2M) in Q1 2025 vs. $8.4M (CAD $12.0M) in Q1 2024, a 27% increase.Record Positive EBITDA: $0.9M (CAD $1.2M) in Q1 2025 vs. $0.3M (CAD $0.4M) in Q1 2024.Net Income: $284,406 (CAD $403,857) in Q1 2025 compared to a net loss of $107,403 (CAD $155,512) in Q1 2024.Adjusted Gross Margins: $4.4M (CAD $6.2M) in Q1 2025, a 47% increase from $3.0M (CAD $4.3M) in Q1 2024.Strategic Areas of FocusThe Fresh Factory is building a platform to serve emerging food and beverage brands in the fresh-food sector with an emphasis on better-for-you products. The Company has established the following three key areas of focus on which it will report on a quarterly basis moving forward.Execution: Focus on safety, high-quality operations, and strong margins.The Company achieved a record positive EBITDA of $0.9M (CAD $1.2M) in Q1 2025.Adjusted gross margins increased to $4.4M (...