secwatch.observer — SEC 8-K summary
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Issuer:     Blue Star Foods Corp. (BSFC)
CIK:        0001730773
Form:       8-K
Filed at:   2023-04-18T23:59:59+00:00
Accession:  0001493152-23-012730
Event type: earnings
Sentiment:  negative
Materiality: 0.70
Item codes: 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1730773/000149315223012730/0001493152-23-012730-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1730773/000149315223012730/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-23-012730

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