Borealis Foods (NASDAQ:BRLS) Announces Earnings Results

Key Points

• Borealis Foods reported a loss of ($0.21) earnings per share for the latest quarter, alongside a negative return on equity of 892.35%.
• The company's stock rose by 0.3% during midday trading, reaching a price of $3.07, while it has seen a 52-week trading range between $2.71 and $9.18.
• Borealis Foods specializes in plant-based ready-to-eat meals and has developed products like Chef Woo and Ramen Express for both U.S. and global humanitarian food programs.

Borealis Foods (NASDAQ:BRLS - Get Free Report) announced its earnings results on Tuesday. The company reported ($0.21) earnings per share for the quarter, Zacks reports. Borealis Foods had a negative return on equity of 892.35% and a negative net margin of 79.21%.

Borealis Foods Stock Up 0.3%

BRLS traded up $0.01 during midday trading on Tuesday, hitting $3.07. The company had a trading volume of 2,088 shares, compared to its average volume of 26,804. Borealis Foods has a 52 week low of $2.71 and a 52 week high of $9.18. The company has a market capitalization of $65.64 million, a price-to-earnings ratio of -3.10 and a beta of 0.27. The stock's 50 day moving average price is $3.62 and its 200 day moving average price is $4.97.

About Borealis Foods

Borealis Foods Inc operates as a food technology company that develops plant-based ready-to-eat meals. The company also developed ambient ready-to-eat high-protein meals for U.S. and global humanitarian food programs. Its products include Chef Woo, a plant based instant ramen meals that provides with 20 grams of plant-based complete protein; and Ramen Express, a vegetarian ramen noodles.

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