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BranchOut Food Inc. Announces Record First Quarter 2024 Results, Gross Margin Increased to 19%, On Track for ~$8M Run Rate

May 15, 2024, 8:18 AM EDT1 sourcesAI-analyzed

AI summary

What happened, with direct paths to the underlying reporting

- 1,407% revenue increase to $1.47 million in Q1 2024. - Gross margin improved to 19% from -3% in Q1 2023. - $8 million in recurring revenue plus $1.1 million in retailer commitments. Price Impact Rating: Bullish Impact Horizon Rating: Short-term Type: Corporate Developments

  • 1,407% revenue increase to $1.47 million in Q1 2024.
  • Gross margin improved to 19% from -3% in Q1 2023.
  • $8 million in recurring revenue plus $1.1 million in retailer commitments.

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