Revenue: As of FY2025 Q1, the actual value is USD 6.846 M.EPS: As of FY2025 Q1, the actual value is USD -0.2.<h3>Segment Revenue</h3><ul><li>Gross Sales: $7,225,000 for the three months ended March 31, 2025, compared to $8,484,000 for the same period in 2024, reflecting a decline due to SKU rationalization and strategic pullback from low-margin retail accounts.</li></ul><h3>Operational Metrics</h3><ul><li>Net Loss: -$4,187,588 for the three months ended March 31, 2025, compared to -$8,431,622 for the same period in 2024, showing a reduction in losses.</li><li>Gross Profit: $900,000 for the three months ended March 31, 2025, compared to $242,000 for the same period in 2024, indicating improved pricing dynamics and product mix.</li><li>Total SG&amp;A Expenses: $3,817,000 for the three months ended March 31, 2025, down from $7,216,000 for the same period in 2024, reflecting a 47% reduction year-over-year.</li></ul><h3>Cash Flow</h3><ul><li>Net Cash Used in Operating Activities: -$1,373,000 for the three months ended March 31, 2025, compared to -$6,769,000 for the same period in 2024, showing improved cash flow management.</li><li>Net Cash Used in Investing Activities: -$26,000 for the three months ended March 31, 2025, compared to -$487,000 for the same period in 2024.</li><li>Net Cash Provided by Financing Activities: $938,000 for the three months ended March 31, 2025, compared to $7,852,000 for the same period in 2024.</li></ul><h3>Unique Metrics</h3><ul><li>Gross Margin Excluding Depreciation: Improved to 20% in the first quarter of 2025 from 16% in the prior-year quarter, driven by higher-margin branded products and institutional accounts.</li></ul><h3>Future Outlook and Strategy</h3><ul><li>Core Business Focus: The company is focusing on food service and institutional markets to improve pricing power and margin stability. It aims to enhance working capital efficiency and cash flow conversion through the remainder of the year.</li><li>Non-Core Business: The company is actively evaluating financing alternatives, including debt and equity issuances, to support ongoing operations and strengthen the balance sheet.</li><li>Priority: Management is aligning inventory and production levels with committed demand from stable institutional customers.</li></ul>

BOREALIS FOODS INC C/WTS 07/02/2029 (TO PUR COM) | 10-Q: FY2025 Q1 Revenue: USD 6.846 M