secwatch.observer — SEC 8-K summary
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Issuer:     Blue Star Foods Corp. (BSFC)
CIK:        0001730773
Form:       8-K
Filed at:   2022-11-15T23:59:59+00:00
Accession:  0001493152-22-032420
Event type: earnings
Sentiment:  negative
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Blue Star Foods Q3 revenue down 35% YoY to $2.4M; net loss widens to $3.7M
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- Q3 2022 revenue $2.4M vs $3.7M a year ago; gross loss of $1.5M vs gross profit of $0.7M.
- Net loss $3.7M (incl. $1.6M non-cash/one-time items); adjusted EBITDA loss $1.8M.
- Nine-month revenue up 28% to $10.7M; net loss $6.2M vs $1.1M in prior-year period.
- Soft-shell crab RAS contributed $1.0M revenue since March 2022; inventory $6.1M.
- Goal to double 2022 revenue from $10M; first commercial harvest at new RAS facility targeted for Q4 2023.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1730773/000149315222032420/0001493152-22-032420-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1730773/000149315222032420/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-22-032420

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