Barfresh Food Group Inc.

include forward-looking statements. Except for historical information herein, matters set forth on this call are forward-looking within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, including statements about the company's commercial progress, success of its strategic relationship, and projections of future financial performance. These forward-looking statements are identified by the use of words such as grow, expand, anticipate, intend, estimate, believe, expect, plan, should, hypothetical, potential, forecast, and project, continue, could, may, predict, and will, and variations of such words and similar expressions are intended to identify such forward-looking statements. All statements other than the statements of historical fact that address activities, events, or developments that the company believes or anticipates will or may occur in the future are forward looking statements. These statements are based on certain assumptions made based on experience, expected future developments, and other factors that the company believes are appropriate under the circumstances. Such statements are subject to a number of assumptions, risks, and uncertainties, many of which are beyond the control of the company. Should one or more of these risks or uncertainties materialize or should underlying assumptions prove incorrect, actual results may vary materially from those indicated or anticipated by such forward-looking statements. Accordingly, investors are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date they are made. The contents of this call should be considered in conjunction with the company's recent filings with the Securities and Exchange Commission, including its annual report on Form 10-K and the quarterly reports on Form 10-Q and current reports on Form 8-K, including any warnings, risk factors, and cautionary statements contained therein. Furthermore, the company expressly disclaims any current intention to update publicly any forward-looking statements after this call, whether as a result of new information, future events, changes in assumptions, or otherwise. In order to aid in the understanding of the company's business performance, the company is also presenting certain non-GAAP measures, including adjusted EBITDA, which are reconciled in a table in the business update release to the most comparable GAAP measures. The reconciling items are non-operational or non-cash costs, including stock compensation and other non-reoccurring costs, such as those associated with the product withdrawal. the related dispute and certain manufacturing relocation costs. Management believes that adjusted EBITDA provides useful information to the investor because it directly is reflective of the period-to-period performance of the company's core business. Now I'd like to turn that call over to the CEO of Barfresh Food Group, Mr. Ricardo Delacoste.

Please go ahead, sir.

Good afternoon, everyone, and thank you for joining us for our second quarter and first six months of 2024 earnings call. During the first six months of this year, we have made tremendous improvements in all areas of our business. Our recent infrastructure investments have us well positioned to achieve record quarterly revenue in Q3, record annual revenue in financial year 2024, positive adjusted EBITDA in Q3 and in the back half of this year, and margin improvement. I'm excited to announce we've reached a significant inflection point in our business. Our Q3 revenue and orders have already reached more than $2.2 million, representing a 40% increase year over year. And we still have a month and a half to go in this quarter. What's particularly noteworthy is that we haven't even launched our new pop-and-go product yet. This growth is a testament to the strength of our existing offerings and the effectiveness of our recent investments. The recent investments include expanding our product line, which we will commence production on shortly, dramatically scaling our production capacity, expanding our sales reach by adding to our sales broker network, which now covers 95% of the country, and all while bringing on top talent to our leadership teams. These investments are not just about this year's results. They are about building a company that is primed for sustained long-term growth. The infrastructure we've put in place thus far is the launch pad for our next phase of growth. As we look ahead, I'm energised by the opportunities before us and confident in our ability to deliver substantial value to our customers and shareholders alike. During the first six months of this year, we have announced over 3,100 new custom school locations, representing over 2.2 million students that will be served a range of our current and recently announced products, either on their breakfast menus or a la carte menus. In addition, we have many opportunities to initiate and expand menu placements under bids in the education channel that included our products, and we anticipate announcing more non-bid cycle opportunities in the coming months. Thanks to our new manufacturing expansion, we will begin onboarding some of these schools in August, leading to our expected highest quarterly revenue in the company's history during the upcoming third quarter. In addition to new locations, our customers are extremely excited about our recently announced new 100% juice freeze pops, Pop and Go. This innovative product aims to provide students with healthier options throughout the school day. Pop and Go was created with a commitment to nutrition and quality, containing a half cup of fruit juice, no added sugars, no preservatives, artificial flavors or colors, and available in five delicious flavors. In addition, the new pop and go freeze pops are compliant with USDA reimbursable meal programs and smart snack guidelines. Initially, this new product line will target lunch menus in schools across the country, which can result in up to five times more volume of meals served than the breakfast menu where our twist and go and bulk products are typically offered. Pop and go extends the company's reach into different meal day paths. providing nutritious options for breakfast, lunch and after school programs. We recently announced three manufacturing partnerships, and one of these facilities will primarily be dedicated to manufacturing our recently launched pop and go 100% juice freeze pops, as well as some of our other offerings. In addition, we now have the ability to produce over 120 million units annually of our full range of product offerings in all channels. This is a 400% increase from our previous capacity. These three key partners are part of our strategic initiative to strengthen and diversify our manufacturing footprint for all aspects of our offerings, including the much anticipated bottle expansion. This approach not only positions us for rapid expansion, but also mitigates risks by reducing reliance on any single location where possible and significantly enhances our operational resilience and scalability. To support our dramatically expanded manufacturing capacity, we recently announced the hiring of Marco Malla as Vice President of Supply Chain and Contract Manufacturing, spearheading our efforts to seamlessly onboard Our new contract manufacturers, with over 25 years of comprehensive end-to-end supply chain expertise, Marco brings a wealth of invaluable experience in establishing robust product manufacturing and supply chain operations. His command over the domain coupled with deep-rooted relationships with co-manufacturers, food service customers and distributors position him exceptionally well to ensure a steady product flow and uncompromised service delivery to all our valued customers. This strategic hire underscores our commitment to building a formidable supply chain infrastructure that can scale efficiently to support our long-term growth plan. To bolster our sales capabilities and drive revenue growth, we recently announced the appointment of Tony Glossy as Vice President of Sales. Tony brings over 25 years of executive experience in food and beverage sales, including schools, education, and restaurant QSR service distributors. With his proven track record of building high-performing teams and achieving ambitious goals, we're confident Tony will spearhead our sales efforts to help expand our client base, oversee our expanded sales broker network, and accelerate revenue growth in fiscal year 24 and beyond. As we enter the back half of 2024, we have enhanced our management team, increased our manufacturing capacity by 400%, added an exciting new product offering for Q4, significantly increased the number of school customers served, and increased our sales broker network to cover over 95% of the country. All of these improvements add up to an expected record year in 2024 and continued strong profitable growth beyond. I'll now turn the call over to our CFO, Lisa Roger. Lisa?