Borealis Foods CEO reports Q2 gross margin 7.9%, expects stronger H2 2024

Borealis Foods Inc.

Q2 2024 gross margin of 7.9%, the third consecutive quarter of positive margins.
Gross profit dollars improved 24% vs. year-ago quarter; Chef Woo brand shipments rose over 5x.
Institutional channel sales ramping: already shipping to schools in 20 U.S. states.
Gordon Ramsay serves as Brand Ambassador and shareholder; new flavors expected in fall.
CEO Reza Soltanzadeh reports solid progress on resolving the going concern issue.

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