Q3 Revenue Misses Estimates at $1M, but Q4 Guidance Points to Record $6-7M
BOF is trading near its 52-week low of $1.77 (6.2% above the low) on elevated volume (1.9× avg).
Summary
BranchOut reported Q3 revenue of about $1 million, well short of the $1.75 million single-analyst consensus, which the company attributed to delivery timing. The offset is guidance: management expects record Q4 revenue of $6-7 million, up 50-75% year over year, driven by new warehouse-club and mass-retail launches plus expanded industrial ingredient orders, and now expects to exit 2026 at a $26 million annualized run rate, roughly 80% above FY2026 revenue. It also pegs a recurring revenue base of roughly $4 million per quarter entering 2027, with ingredient revenue of $6-7 million in 2026 and over $10 million in 2027, and expects gross margin to improve in Q4 on lower in-season strawberry and blueberry costs. The Q4 target is consistent with the $6-7 million guided in the August 13 8-K, so the new information is the Q3 shortfall, the recurring-revenue framing and the exit run rate. For a micro-cap that has leaned on offerings — the $2.5 million August raise and the $50 million shelf filed October 9 — the gap between a $1 million quarter and a $6-7 million Q4 is the whole story; execution on those retail programs is what has to show up.
At the time of this announcement, BOF was trading at $1.88 on NASDAQ in the Trade & Services sector, with a market capitalization of approximately $32.8M. The 52-week trading range was $1.77 to $5.25. This news item was assessed with positive market sentiment and an importance score of 7 out of 10. Source: Reuters.