Blue Star Foods FY2022 revenue $12.8M (+28% YoY); net loss $13.2M on $9.7M impairment

Blue Star Foods Corp.

2024-Q1 EPS reported -$1.10 revenue$1,898,439

Revenue $12.8M (+28% YoY), ahead of preliminary $12.0M; RAS revenue $1.4M.
Net loss $13.2M vs $2.6M, includes $9.7M non-cash impairment and one-time charges.
Adjusted EBITDA loss $3.5M vs $0.5M; gross loss $0.6M vs gross profit $2.0M.
Inventory and RAS biomass $4.8M at Dec 31, 2022 (up from $2.1M).
Post-year end: raised $1.8M in public offering; entered $4M/yr supply agreement with Just Food For Dogs.

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