{"schema_version":"secwatch.filing_event.v1","accession":"0001628280-24-047970","form_type":"8-K","ticker":"BRLS","cik":"0001852973","company_name":"Borealis Foods Inc.","filed_at":"2024-11-14T23:59:59+00:00","discovered_at":"2026-05-14T18:03:10.067993+00:00","generated_at":"2026-05-30T00:37:02.660729+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"positive","materiality_score":0.65,"calibrated_materiality_score":0.65,"confidence":"high","headline":"Borealis Foods Q3 net sales $7.7M, gross margin 17%, net loss improves to $4.8M","bullets":["Net sales $7.7M, up 45% sequentially from $5.3M; gross margin 17% (vs 8% Q2) on premium Chef Woo/Woodles mix.","Non-GAAP gross margin 23%; gross profit $1.3M, more than tripled from $0.4M in Q2.","Net loss narrowed to $4.8M from $6.3M Q2; adjusted EBITDA turned positive at $17,000.","Post-Q3 added Walmart locations; Woodles school rollout began; exclusive ramen mfg partnership with global food conglomerate (revenue Q1 2025).","Cash $0.7M with $3.5M revolver capacity; mgmt expects sequential growth and margin expansion in Q4."],"urls":{"canonical":"https://secwatch.observer/filing/0001628280-24-047970","json":"https://secwatch.observer/filing/0001628280-24-047970.json","markdown":"https://secwatch.observer/filing/0001628280-24-047970.md","text":"https://secwatch.observer/filing/0001628280-24-047970.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1852973/000162828024047970/0001628280-24-047970-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1852973/000162828024047970/brls-20241114.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-30T00:37:02.660729+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}