AwesomeStocks Donât want emails from us anymore? Click [here]( to unsubscribe. Hello! New Alert: BranchOut Food Inc. (NASDAQ: BOF) BOF is our brand new NASDAQ high volatility alert. BOF has a history of experiencing significant upside in a short period of time and a chart setup suggesting the potential for increased gains. BOF announced multiple breaking developments recently that could be growth catalysts for the company. BOF is a NASDAQ listed âinternational food-tech companyâ. BOF is a âleading provider of high-quality dehydrated fruit and vegetable-based productsâ. The companyâs âGentleDry technology is the next generation in dehydration technology, preserving up to 95% of the original nutrition of fresh fruits and vegetablesâ. BOFâs âtechnology is protected by more than 17 patentsâ. The companyâs âcommitment to quality and innovation sets it apart as a trusted brand and private label supplierâ. Here are some of the companyâs âOperational Highlightsâ from their April press release for â2023 Financial Resultsâ: - âIn Q4, BranchOut Foodâs top branded snack expanded into the Bay Area Region of the Nation's largest warehouse club following significant commercial success in the retailerâs Southern California region. The sales velocity was nearly double the retailerâs expectation. As a result, BranchOut Food has secured roughly $1.1 million in commitments for 2024, expanding into eight states.â
- âIn Q3, the companyâs branded line launched in Jacksons Food Stores, with approximately 300 locations, marking BranchOut's first foray into the Convenience Store Channel. Additional new Grocery Channel launches include Family Foods, Market of Choice, Harmons, and Giant Martin.â
- âSubsequent to quarter end, BranchOut Food announced the successful completion of part of its strategic collaboration with the U.S. Army Combat Capabilities Development Command (DEVCOM) to enhance MREs (Meals Ready-to-Eat) through the implementation of BranchOut Food's proprietary GentleDry technology. The company anticipates the completion of shelf-life testing in the first half of 2024.â
- âIn February 2024, the company expanded its relationship with the nationâs largest retailer. The new agreement is valued at an estimated $7.6 million annually.â
- âIn March 2024, BranchOut Food launched two new product lines, salad toppers and kidsâ snack packs, at the Natural Products Expo West. The products extend the companyâs reach outside of the snacking category and into two additional use cases.â Over the past few months, BOF has announced multiple accomplishments that could be additional growth catalysts. In April, the company announced: âBranchOut Food Announces Third Contract with Nationâs Largest Retailer, to Total $8M in Annualized Revenueâ Here are some of the companyâs comments from this press release: âEric Healy, CEO of BranchOut Food, said, âWe are excited to announce BranchOut Food has signed its third contract with the nationâs largest retailer, highlighting our growing relationship. BranchOutâs private label offering is a key segment of our business and we are very pleased to be adding contracts with leading retailers across the country, adding long term value for stakeholders.ââ As the company further explains: âAlong with its established relationship with the nationâs largest retailer, BranchOut Food has built a strong relationship with the nationâs largest club warehouse retailer, reporting product success and repeat orders in the retailerâs Bay Area and Southern California regions.â In May, the company announced: âBranchOut Food Inc. Announces Record First Quarter 2024 Results, Gross Margin Increased to 19%, On Track for ~$8M Run Rateâ Here are some of the highlights from this press release: - âAchieved a 1,407% revenue increase to $1.47 million in Q1 2024.â
- âIncreased gross margin to 19% in Q1 2024, up from -3% last year.â
- âSecured $8 million in recurring revenue plus $1.1 million in rotational retailer commitments.â In addition, the company also announced: âBranchOut Food Inc. Secures Third EnWave Dehydration Machine; Announces $40M Production Capacity with New Peru Facilityâ As the company further explains: âThe newly acquired 100kW NutraRev System, distinct from the two QuantaREV systems previously purchased, is designed to enhance throughput and improve margins, particularly in the B-to-B ingredient space. BranchOut currently operates a 60kW QuantaREV and has committed to a larger 120kW QuantaREV, both primarily aimed at branded and private label snackproducts. The addition of the NutraRev System is expected to bolster BranchOut's capabilities across different product lines.â Furthermore: âThese machines will be instrumental in servicing BranchOut's significant orders, including approximately $8M from the nationâs largest retailer, $1.1M from the nationâs largest warehouse club, and other potential customers in the pipeline. This expansion will position BranchOut as one of the largest Radiant Energy Vacuum (REVâ¢) installations globally and the largest in Latin America. The strategic location in Peru, with its abundance of fresh produce and low-cost labor, further enhances BranchOut's competitive edge.â Last week, the company announced: âBranchOut Food Inc. Secures Fourth EnWave Dehydration Machine for New Peru Factory with $40M Production Capacityâ Here are some of the companyâs comments from this press release: âEric Healy, CEO of BranchOut Food, said: âBranchOut Food receives frequent requests to develop and iterate new product concepts for major retailers and brands. Part of our strategy for growth involves being able to respond expeditiously, utilizing our technology to develop new and unique products that have never been available before. We believe this gives us a strong advantage in the market and allows us to fully take advantage of this new technology.ââ ââThe nationâs largest retailer recently commissioned BranchOut to develop and deliver two new products. This has really helped cement our relationship with the retailer, which now views us as a product development partner with the ability to offer true innovation. We are currently working with a large number of major retailers and brands in various stages of developing items for them that could lead to long term production engagements.ââ Yesterday, the company announced breaking news: - âU.S. Army Selects BranchOut Food Products for Field Test with Aim of Revolutionizing MREsâ In addition, this morning the company announced: - âBranchOut Food Enters the $300 Billion Industrial Food Ingredients Marketâ BOF could be positioned for increased growth. Make sure to do your own due diligence. Sources: [PR1]( [PR2]( [PR3]( [PR4]( [PR5]( [PR6]( [PR7]( [PR8]( [PR9]( [Website]( [Chart]( Happy Trading! AwesomeStocks Note: We encourage all traders and investors to develop personal trading rules that you can follow and that work for you. Always protect your downside and note that we alert extremely volatile short-term opportunities. 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