Borealis Foods (NASDAQ:BRLS) Releases Quarterly 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) released its earnings results on Tuesday. The company reported ($0.21) EPS for the quarter, Zacks reports. Borealis Foods had a negative net margin of 68.06% and a negative return on equity of 892.35%. The firm had revenue of $7.19 million during the quarter.

Borealis Foods Price Performance

Shares of BRLS stock traded up $0.1610 on Friday, hitting $3.0710. 1,000 shares of the company's stock were exchanged, compared to its average volume of 11,073. Borealis Foods has a 12 month low of $2.71 and a 12 month high of $9.18. The stock has a market cap of $65.66 million, a P/E ratio of -3.37 and a beta of 0.27. The company has a 50 day moving average of $3.44 and a 200 day moving average of $4.88.

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.