Financial Snapshot

Revenue
$5.930M
TTM
Gross Margin
1.41%
TTM
Net Earnings
-$4.883M
TTM
Current Assets
Q3 2024
Current Liabilities
Q3 2024
Current Ratio
186.44%
Q3 2024
Total Assets
Q3 2024
Total Liabilities
Q3 2024
Book Value
$4.725M
Q3 2024
Cash
Q3 2024
P/E
-0.4846
Nov 29, 2024 EST
Free Cash Flow
-$4.825M
TTM

Revenues

Revenues

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Revenue YoY Change

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Revenues

Concept 2023 2022 2021 2020 2019 2018 2017 2016
Revenue $6.125M $12.77M $9.973M $14.11M $23.83M $32.17M $36.95M $37.52M
YoY Change -52.03% 28.01% -29.32% -40.78% -25.92% -12.95% -1.52%

Expenses

Cost Of Revenues

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Gross Profit

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Gross Profit Margin

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Gross Profit

Concept 2023 2022 2021 2020 2019 2018 2017 2016
Revenue $6.125M $12.77M $9.973M $14.11M $23.83M $32.17M $36.95M $37.52M
Cost Of Revenue $5.966M $13.42M $7.980M $12.62M $20.61M $27.23M $31.25M $32.69M
Gross Profit $158.1K -$652.0K $1.993M $1.488M $3.219M $4.938M $5.697M $4.834M
Gross Profit Margin 2.58% -5.11% 19.99% 10.54% 13.51% 15.35% 15.42% 12.88%

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 2023 2022 2021 2020 2019 2018 2017 2016
Selling, General & Admin $1.865M $2.062M $1.876M $1.391M $4.086M $2.728M $2.015M $2.113M
YoY Change -9.58% 9.95% 34.87% -65.96% 49.78% 35.36% -4.64%
% of Gross Profit 1179.6% 94.09% 93.47% 126.91% 55.24% 35.37% 43.72%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $4.521K $584.4K $349.5K $195.9K $66.01K $64.01K $62.40K $62.35K
YoY Change -99.23% 67.21% 78.43% 196.73% 3.12% 2.58% 0.08%
% of Gross Profit 2.86% 17.53% 13.17% 2.05% 1.3% 1.1% 1.29%
Operating Expenses $4.390M $5.164M $4.403M $3.291M $7.172M $6.206M $4.355M $4.424M
YoY Change -14.98% 17.29% 33.77% -54.11% 15.57% 42.49% -1.56%
Operating Profit -$4.232M -$11.61M -$2.409M -$1.804M -$3.953M -$1.268M $1.342M $409.4K
YoY Change -63.56% 382.04% 33.59% -54.38% 211.74% -194.48% 227.78%

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 2023 2022 2021 2020 2019 2018 2017 2016
Interest Expense $1.772M $1.678M -$320.5K -$870.3K -$1.069M -$1.009M -$969.4K -$914.4K
YoY Change 5.59% -623.55% -63.17% -18.57% 5.92% 4.09% 6.02%
% of Operating Profit -72.23% -223.32%
Other Income/Expense, Net $12.71K $154.2K $498.8K $203.7K $0.00 -$29.48K -$369.0K
YoY Change -91.76% -69.09% 144.84% -100.0% -92.01%

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 2023 2022 2021 2020 2019 2018 2017 2016
Pretax Income -$4.472M -$13.19M -$2.605M -$4.437M -$5.022M -$2.277M $343.2K -$873.9K
YoY Change -66.11% 406.45% -41.29% -11.63% 120.53% -763.57% -139.27%
Income Tax $2.100K
% Of Pretax Income
Net Earnings -$4.472M -$13.19M -$2.605M -$4.445M -$4.986M -$2.260M $393.9K -$892.1K
YoY Change -66.11% 406.45% -41.39% -10.86% 120.6% -673.88% -144.15%
Net Earnings / Revenue -73.01% -103.35% -26.12% -31.5% -20.92% -7.03% 1.07% -2.38%
Basic Earnings Per Share -$0.88 -$0.52 -$0.12
Diluted Earnings Per Share -$0.88 -$0.52 -$120.0K -$243.5K -$307.8K -$149.2K $26.26K -$59.47K

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 2023 2022 2021 2020 2019 2018 2017 2016
Cash & Short-Term Investments $24.16K $9.260K $1.156M $55.64K $153.9K $13.14K $29.38K $54.98K
YoY Change 160.91% -99.2% 1976.76% -63.85% 1071.23% -55.28% -46.56%
Cash & Equivalents
Short-Term Investments
Other Short-Term Assets $833.5K $671.9K $3.703M $459.0K $284.6K $425.0K $129.5K $364.0K
YoY Change 24.04% -81.85% 706.73% 61.26% -33.03% 228.19% -64.43%
Inventory $2.609M $4.808M $2.119M $1.833M $7.984M $8.127M $12.95M $9.435M
Prepaid Expenses
Receivables $534.2K $813.4K $1.231M $1.082M $2.071M $3.449M $4.676M $4.418M
Other Receivables $95.52K $218.5K $1.423M $1.300M $1.286M $1.140M $0.00 $982.0K
Total Short-Term Assets $4.096M $6.521M $9.632M $4.730M $11.78M $13.15M $17.79M $15.25M
YoY Change -37.19% -32.29% 103.64% -59.85% -10.44% -26.05% 16.61%
Property, Plant & Equipment $428.9K $317.9K $1.976M $119.5K $1.269M $109.2K $146.5K $175.4K
YoY Change 34.89% -83.91% 1552.61% -90.58% 1062.26% -25.48% -16.48%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $102.2K $103.7K $124.6K $108.1K $125.4K $218.3K $311.1K $343.9K
YoY Change -1.45% -16.78% 15.3% -13.82% -42.53% -29.83% -9.56%
Total Long-Term Assets $2.267M $2.157M $6.314M $3.092M $3.966M $327.4K $457.6K $519.3K
YoY Change 5.07% -65.83% 104.19% -22.03% 1111.21% -28.44% -11.9%
Total Assets $6.363M $8.678M $15.95M $7.822M $15.75M $13.48M $18.24M $15.77M
YoY Change
Accounts Payable $661.4K $2.401M $1.794M $1.607M $3.528M $3.156M $4.409M $5.315M
YoY Change -72.46% 33.83% 11.62% -54.44% 11.81% -28.43% -17.04%
Accrued Expenses $35.43K $57.33K $30.58K $29.34K $137.0K
YoY Change -38.2% 87.48% 4.23% -78.58%
Deferred Revenue
YoY Change
Short-Term Debt $156.9K $29.41K $0.00 $972.5K $972.5K $0.00 $0.00 $0.00
YoY Change 433.63% -100.0% 0.0%
Long-Term Debt Due $265.6K $6.209M $3.803M $3.301M $9.928M $11.15M $15.05M $12.04M
YoY Change -95.72% 63.25% 15.23% -66.76% -10.92% -25.97% 25.03%
Total Short-Term Liabilities $3.197M $9.535M $6.792M $7.257M $14.57M $14.30M $19.46M $17.36M
YoY Change -66.47% 40.38% -6.4% -50.18% 1.86% -26.52% 12.15%
Long-Term Debt $481.3K $250.0K $206.3K $515.0K $610.0K $0.00 $33.88K $68.89K
YoY Change 92.53% 21.21% -59.95% -15.57% -100.0% -50.82%
Other Long-Term Liabilities $89.59K $139.6K $40.11K $69.84K $1.089M
YoY Change -35.84% 248.12% -42.57% -93.59%
Total Long-Term Liabilities $570.9K $389.6K $246.4K $584.8K $1.699M $0.00 $33.88K $68.89K
YoY Change 46.53% 58.15% -57.87% -65.59% -100.0% -50.82%
Total Liabilities $3.768M $9.924M $7.038M $7.842M $15.79M $13.86M $19.07M $17.05M
YoY Change -62.04% 41.0% -10.24% -50.34% 13.92% -27.33% 11.86%

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 2023 2022 2021 2020 2019 2018 2017 2016
Basic Shares Outstanding 5.083M shares 25.16M shares 21.71M shares
Diluted Shares Outstanding 5.083M shares 25.16M shares
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: $2.366 Million

About Blue Star Foods Corp.

Blue Star Foods Corp is a US-based company operating in Food Products industry. The company is headquartered in West Palm Beach, Florida and currently employs 39 full-time employees. The company went IPO on 2020-02-18. Blue Star Foods Corp. is an international seafood company. The firm imports, packages and sells refrigerated pasteurized crab meat and other premium seafood products. The firm is engaged in importing blue and red swimming crab meat primarily from Indonesia, the Philippines and China and distributes it in the United States and Canada under several brand names, such as Blue Star, Oceanica, Pacifika, Crab & Go, FirstChoice, Good Stuff and Coastal Pride Fresh, and steelhead salmon and rainbow trout fingerlings produced under the brand name Little Cedar Farms for distribution in Canada. The crab meat which it imports is processed in 13 plants throughout Southeast Asia. Its suppliers are primarily via co-packing relationships, including two affiliated suppliers. The company sells primarily to food service distributors. The firm also sells its products to wholesalers, retail establishments and seafood distributors.

Industry: Prepared Fresh or Frozen Fish & Seafoods Peers: BARFRESH FOOD GROUP INC. Better Choice Co Inc. BIT ORIGIN Ltd COFFEE HOLDING CO INC Mondelez International, Inc. Laird Superfood, Inc. Mama's Creations, Inc. Rocky Mountain Chocolate Factory, Inc.