Hansen, Mueller Industries director, sells $105,710 in stock
BranchOut Food Inc. (NASDAQ:BOF), a micro-cap company with a market value of $24.75 million, announced Friday that David Israel has resigned from its board of directors, effective the same day. The company, which has seen its stock trade at $2.04 and is currently rated as having weak financial health according to InvestingPro analysis, disclosed the change in a statement based on a filing with the Securities and Exchange Commission.
According to the filing, BranchOut Food entered into an Independent Contractor Agreement on Thursday with an affiliate of Mr. Israel. Under this agreement, Mr. Israel will provide business development services to support sales to new customers. The company has demonstrated strong revenue growth of 95% over the last twelve months, despite facing challenges with cash burn rates.
No additional details regarding the terms of the agreement or the reasons for Mr. Israel’s resignation were provided in the statement. The company is incorporated in Nevada and is listed on the Nasdaq Capital Market.
This information is based on a press release statement included in the company’s SEC filing.
In other recent news, BranchOut Food Inc. reported a record monthly revenue of approximately $1.7 million in June, with a 27% gross margin. This marks a 129% increase in revenue for the first half of 2025 compared to the same period in 2024. The company has also secured over $2.8 million in new orders from a leading warehouse club, expanding its product reach across various regions. Additionally, BranchOut Food announced the launch of a new Crunchy Fruit Multipack, which will feature snack-sized bags of its popular fruit crisps, targeting high-traffic areas in warehouse clubs. In a strategic move, BranchOut’s Cinnamon Churro Banana Chips have been selected for testing in the U.S. Army’s Close Combat Assault Ration. This development highlights the product’s potential for military use, given the need for lightweight, nutrient-dense, and shelf-stable food options. These recent developments underscore BranchOut Food’s ongoing growth and market expansion efforts.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.