Borealis Foods (NASDAQ:BRLS) Announces Earnings Results

Borealis Foods (NASDAQ:BRLS) announced its quarterly earnings data on Tuesday. The company reported ($0.16) EPS for the quarter, FiscalAI reports. The firm had revenue of $7.37 million for the quarter.

Borealis Foods Price Performance

Shares of NASDAQ:BRLS opened at $1.59 on Thursday. The business’s 50 day simple moving average is $1.39 and its 200 day simple moving average is $1.44. Borealis Foods has a 1 year low of $0.60 and a 1 year high of $5.02. The company has a market capitalization of $34.12 million, a P/E ratio of -1.87 and a beta of 0.33.

Analyst Ratings Changes

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of Borealis Foods in a report on Monday, April 20th. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, Borealis Foods presently has an average rating of “Sell”.

Borealis Foods Company Profile

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. The company distributes its products via retail partners across the U.S., Canada, Mexico and Europe and also sells its products online.