Borealis Foods CEO Highlights Manufacturing Partnerships with Leading Global Food Companies as New Product Rollout Expands in U.S. and Canada
Borealis Foods reported continued healthy demand for its protein-rich products and is expanding manufacturing partnerships with global food companies to support new product rollouts in the U.S. and Canada. For the first quarter, the company achieved 8.0% year-over-year revenue growth, a 29.3% improvement in operating losses, and a 24.0% reduction in SG&A expenses, alongside a 91% improvement in net cash used in operations.
Key figures
- Revenue Yoy
- 8.0%
- Sga reduction
- 24.0%
- Operating cash improvement
- 91%
- Operating loss improvement
- 29.3%
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