Reports Q2 revenue $1.7M vs. $3M last year. John Keeler, Chairman and CEO of Blue Star, commented, “While our first half of 2023 revenue performance was not as high as expected, we have taken necessary steps to reduce our cash burn and improve the liabilities portion of our balance sheet. We are pleased to report progress on the RAS side of our business, highlighted by our option to purchase land in South Carolina for our expansion. New business from prominent national retail brands such as Bloomin’ Brands and Just Food For Dogs are gaining traction as we seek to recover our decline in revenue over the next twelve months. We look forward to the remainder of 2023 and look forward to providing updates on our progress.”
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See Insiders’ Hot Stocks on TipRanks >>
Read More on BSFC:
- Blue Star Foods Reports $3.5 Million Revenue for First Half 2023 Ended June 30, 2023
- Blue Star Foods files common stock, warrants offering, no amount given
- Blue Star Foods regains compliance with Nasdaq minimum bid price requirement
- Blue Star Foods Granted Option to Purchase Land for RAS Expansion in South Carolina
- Blue Star Foods granted option to purchase land for RAS expansion
