Financial Snapshot

Revenue
$20.91M
TTM
Gross Margin
9.19%
TTM
Net Earnings
-$19.56M
TTM
Current Assets
Q3 2024
Current Liabilities
Q3 2024
Current Ratio
44.32%
Q3 2024
Total Assets
Q3 2024
Total Liabilities
Q3 2024
Book Value
$5.070M
Q3 2024
Cash
Q3 2024
P/E
-6.623
Nov 26, 2024 EST
Free Cash Flow
-$7.320M
TTM

Revenues

Revenues

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Revenue YoY Change

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Revenues

Concept 2022 2021
Revenue $0.00 $0.00
YoY Change

Expenses

Cost Of Revenues

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Gross Profit

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Gross Profit Margin

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Gross Profit

Concept 2022 2021
Revenue $0.00 $0.00
Cost Of Revenue
Gross Profit $176.0M $172.5M
Gross Profit Margin

Selling, General & Admin Expense

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Research & Development

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Depreciation, Depletion & Amortization

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SGA Expense to Gross Profit Ratio

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R&D To Gross Profit Ratio

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DDA To Gross Profit Ratio

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Operating Expenses Total

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Operating Profits/Loss

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Operational Expenses

Concept 2022 2021
Selling, General & Admin
YoY Change
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization
YoY Change
% of Gross Profit
Operating Expenses $2.887M $428.4K
YoY Change 573.84%
Operating Profit -$2.887M $172.1M
YoY Change -101.68%

Interest Expenses

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Interest Expenses To Operating Income %

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Other Expense/Income

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Interest & Other Expense/Income

Concept 2022 2021
Interest Expense $2.584M $3.960K
YoY Change 65154.29%
% of Operating Profit 0.0%
Other Income/Expense, Net $0.00 $16.79K
YoY Change -100.0%

Income/Loss

Pretax Income

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Income Tax

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Net Profits/Loss

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Pretax Income YoY Change

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Income Tax Rate

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Net Profits/Loss YoY Change

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Basic EPS

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Net Income To Revenue Ratio

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Pretax & Net Income

Concept 2022 2021
Pretax Income -$302.5K -$407.6K
YoY Change -25.78%
Income Tax
% Of Pretax Income
Net Earnings -$302.5K -$407.6K
YoY Change -25.78%
Net Earnings / Revenue
Basic Earnings Per Share
Diluted Earnings Per Share -$0.01 -$18.64K

Assets & Liabilities

Cash & Short-Term Investments

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Cash & Equivalents

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Cash To Operating Expenses Ratio

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Inventory

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Receivables

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Total Short-Term Assets

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Property, Plant And Equipment

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Long-Term Investments

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Total Long-Term Assets

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Total Assets

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Net Income To Total Assets Percentage

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Accounts Payable

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Short-Term Debt

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Long Term Debt Due

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Total Short-Term Liabilities

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Long-Term Debt

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Other Long-Term Liabilities

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Total Long-Term Liabilities

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Total Liabilities

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Short-Term To Long-Term Debt Ratio

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Short-Term Assets To Debt Ratio

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Long-Term Debt To Net Income Ratio

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Assets & Liabilities

Concept 2022 2021
Cash & Short-Term Investments $680.8K $1.123M
YoY Change -39.4%
Cash & Equivalents
Short-Term Investments
Other Short-Term Assets $236.0K $312.6K
YoY Change -24.5%
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets $916.8K $1.436M
YoY Change -36.16%
Property, Plant & Equipment
YoY Change
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $178.5M $176.0M
YoY Change 1.47%
Other Assets $0.00 $96.25K
YoY Change -100.0%
Total Long-Term Assets $178.5M $176.1M
YoY Change 1.41%
Total Assets $179.4M $177.5M
YoY Change
Accounts Payable
YoY Change
Accrued Expenses $842.5K $235.1K
YoY Change 258.44%
Deferred Revenue
YoY Change
Short-Term Debt $1.500M $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $2.501M $235.1K
YoY Change 964.09%
Long-Term Debt $0.00 $0.00
YoY Change
Other Long-Term Liabilities
YoY Change
Total Long-Term Liabilities $0.00 $0.00
YoY Change
Total Liabilities $2.501M $235.1K
YoY Change 964.09%

Ownership

Basic Shares Outstanding

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Diluted Shares Outstanding

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Preferred Stock

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Treasury Stock Shares

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Stock Issuance & Repurchase

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Ownership Data

Concept 2022 2021
Basic Shares Outstanding
Diluted Shares Outstanding
Preferred Stock
Treasury Stock Shares

Return On Shareholders' Equity

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Book Value

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Free Cash Flow

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Free Cash Flow YoY

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Free Cash Flow Margin

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Dividends

Dividends

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Stock Price

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Market Cap: $129.56 Million

About Borealis Foods Inc.

Borealis Foods, Inc. is a food technology company with a mission to address global food security challenges through its research and development of tasty nutritious and functional food products that are both affordable and sustainable. The company is headquartered in Oakville, Ontario and currently employs 176 full-time employees. The company went IPO on 2021-10-06. Through its wholly owned subsidiary, Palmetto Gourmet Foods (PGF), the Company has created meals that are organic, vegan, vegetarian, Halal, Kosher, plant-based, egg free and dairy free, non-GMO, free of added monosodium glutamate (MSG) and tert-butylhydroquinone (TBHQ) free. Its initial product line is ramen noodles. Its subsidiary, PGF, uses the Company's technology to make Chef Woo ramen, a plant-based ramen meal on the market. In addition to Chef Woo, PGF also produces a range of other plant-based ramen products, including Ramen Express, its lower-cost premium ramen. Its products are available across several channels of mass merchandiser, club stores, and others. The firm's products are available at approximately 20,000 points of distribution primarily in the United States, Canada, Mexico, and Europe.

Industry: Food and Kindred Products Peers: Very Good Food Co Inc.