<span item_type="fundamental" item_id="ae12c1a4bb462cd861c6a04378492e5a" counter_id="ST/US/BRLSW" env="prod"></span><span item_type="announcement" item_id="551274719300223745" env="prod"></span><p>Revenue: As of FY2025 Q2, the actual value is USD 7.188 M.</p><p>EPS: As of FY2025 Q2, the actual value is USD -0.21.</p><p></p><h3>Segment Revenue</h3><ul><li><strong>Gross Sales</strong>: $14,801,000 for the six months ended June 30, 2025, compared to $13,961,000 for the same period in 2024, an increase of $840,000 or 6%.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1852973/000121390025078599/ea0253805-10q_borealis.htm"></span></li><li><strong>Net Revenue</strong>: $14,034,000 for the six months ended June 30, 2025, compared to $13,221,000 for the same period in 2024, an increase of $813,000 or 6%.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1852973/000121390025078599/ea0253805-10q_borealis.htm"></span></li></ul><h3>Operational Metrics</h3><ul><li><strong>Gross Profit</strong>: $1,415,000 for the six months ended June 30, 2025, compared to $665,000 for the same period in 2024, an increase of $750,000 or 5%.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1852973/000121390025078599/ea0253805-10q_borealis.htm"></span></li><li><strong>Net Loss</strong>: - $8,788,000 for the six months ended June 30, 2025, compared to - $14,729,000 for the same period in 2024, an improvement of $5,941,000 or 49%.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1852973/000121390025078599/ea0253805-10q_borealis.htm"></span></li><li><strong>Cost of Goods Sold</strong>: $12,619,000 for the six months ended June 30, 2025, compared to $12,556,000 for the same period in 2024, an increase of $63,000 or 5%.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1852973/000121390025078599/ea0253805-10q_borealis.htm"></span></li><li><strong>Total SG&amp;A Expenses</strong>: $7,688,000 for the six months ended June 30, 2025, compared to $12,827,000 for the same period in 2024, a decrease of $5,139,000 or 42%.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1852973/000121390025078599/ea0253805-10q_borealis.htm"></span></li><li><strong>Loss from Operations</strong>: - $6,273,000 for the six months ended June 30, 2025, compared to - $12,162,000 for the same period in 2024, an improvement of $5,889,000 or 47%.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1852973/000121390025078599/ea0253805-10q_borealis.htm"></span></li></ul><h3>Cash Flow</h3><ul><li><strong>Net Cash Used in Operating Activities</strong>: - $3,570,000 for the six months ended June 30, 2025, compared to - $11,003,000 for the same period in 2024, an improvement of $7,433,000.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1852973/000121390025078599/ea0253805-10q_borealis.htm"></span></li><li><strong>Net Cash Used in Investing Activities</strong>: - $29,000 for the six months ended June 30, 2025, compared to - $1,212,000 for the same period in 2024, an improvement of $1,183,000.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1852973/000121390025078599/ea0253805-10q_borealis.htm"></span></li><li><strong>Net Cash Provided by Financing Activities</strong>: $3,152,000 for the six months ended June 30, 2025, compared to $7,728,000 for the same period in 2024, a decrease of $4,576,000.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1852973/000121390025078599/ea0253805-10q_borealis.htm"></span></li></ul><h3>Unique Metrics</h3><ul><li><strong>Adjusted EBITDA</strong>: - $1,328,000 for the six months ended June 30, 2025, compared to - $1,069,000 for the same period in 2024, a decrease of $259,000.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1852973/000121390025078599/ea0253805-10q_borealis.htm"></span></li></ul><h3>Future Outlook and Strategy</h3><h4>Core Business Focus</h4><ul><li><strong>Revenue Growth</strong>: The company aims to continue diversifying its customer base and expanding into institutional channels, which provide improved pricing leverage, margin stability, and predictable demand patterns.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1852973/000121390025078599/ea0253805-10q_borealis.htm"></span></li><li><strong>Margin Improvement</strong>: Focus on increasing contributions from institutional and branded product lines, reducing exposure to discount-driven mass retail, and lowering freight and promotional costs.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1852973/000121390025078599/ea0253805-10q_borealis.htm"></span></li><li><strong>Operational Efficiency</strong>: Aligning inventory and production levels with committed demand from stable institutional customers to enhance working capital efficiency and cash flow conversion.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1852973/000121390025078599/ea0253805-10q_borealis.htm"></span></li></ul><h4>Non-Core Business</h4><ul><li><strong>Financing Alternatives</strong>: Actively evaluating financing alternatives, including debt and equity issuances, to support ongoing operations and strengthen the balance sheet.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1852973/000121390025078599/ea0253805-10q_borealis.htm"></span></li><li><strong>Cost Control</strong>: Significant reduction in sales, general, and administrative expenses by 51% year-over-year, driven by the conclusion of one-time transaction-related costs and a disciplined reduction in discretionary spending.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1852973/000121390025078599/ea0253805-10q_borealis.htm"></span></li></ul><h4>Priority</h4><ul><li><strong>Concrete Projections</strong>: Management expects that increased contribution from high-volume institutional channels, combined with disciplined cost control, will enhance cash conversion and support improved working capital efficiency in the second half of 2025.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1852973/000121390025078599/ea0253805-10q_borealis.htm"></span></li></ul>

BOREALIS FOODS INC C/WTS 07/02/2029 (TO PUR COM) | 10-Q: FY2025 Q2 Revenue: USD 7.188 M