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Borealis Foods Shares Fall After Q2 Loss Narrows, Revenue Declines
2024-08-16 00:15
12:15 PM EDT, 08/15/2024 (MT Newswires) -- Borealis Foods (BRLS) shares were down 7.5% in recent trading on Thursday after it posted a decline in Q2 revenue.
The company reported a Q2 net loss of $0.29 per diluted share, narrowing from $0.77 a year earlier. Comparable analysts' estimates were not available.
Revenue for the quarter ended June 30 was $5.3 million, down from $6.4 million a year earlier.
Price: 6.80, Change: -0.55, Percent Change: -7.48
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