Company: BOF
Filing Date: 2025-11-12
Form Type: 10-Q
Source: 0001493152-25-021655
Chunk: 56

Company: BranchOut Food Inc.
Filing Date: 2025-11-12
Form: 10-Q
Item: Item 1
Chunk 56
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 months ended September 30, 2025, was $1,572,552, compared to $1,270,805 for the three months ended September 30, 2024,
an increase of $301,747, or 24%. The increased net loss was due to scaling up production at our in-house manufacturing facility. Our
objective is to achieve 100% utilization, which we believe will allow us to leverage fixed costs, improve operating efficiency, and capture
additional gross margin benefits as production volumes grow.

32

Results
of Operations for the Nine Months Ended September 30, 2025, and 2024

The
following table summarizes selected items from the statement of operations for the nine months ended September 30, 2025, and 2024, respectively.

    Nine Months Ended  

    September 30,  
    Increase / 

    2025  
    2024  
    (Decrease) 

    Net revenue 
    $9,713,287  
    $5,011,497  
    $4,701,790 
  
    Cost of goods sold 
     7,984,763  
     4,242,810  
     3,741,953 
  
    Gross profit 
     1,728,524  
     768,687  
     959,837 
  
    Gross margin 
     17.8% 
     15.3% 

    Operating expenses: 

    General and administrative 
     2,204,559  
     666,600  
     1,537,959 
  
    Salaries and benefits 
     1,172,474  
     1,257,316  
     (84,842)
  
    Professional services 
     806,736  
     1,064,567  
     (257,831)
  
    Advertising and promotions 
     579,507  
     223,801  
     355,706 
  
    Storage, shipping and handling 
     421,313  
     311,073  
     110,240 
  
    Total operating expenses 
     5,184,589  
     3,523,357  
     1,661,232 

    Operating loss 
     (3,456,065) 
     (2,754,