Company Expects Revenue and Gross Profit Contribution in the Second Half of 2024 and BeyondNEW YORK, Sept. 23, 2024 /PRNewswire/ - Borealis Foods Inc. ("Borealis" or the "Company") (Nasdaq: BRLS), announced today that Woodles®, the beloved noodle brand has successfully expanded distribution into over 4,000 school lunch programs across the United States, offering a nutritious, school-approved, and delicious option for students.Woodles logo (CNW Group/Borealis Foods, Inc.)This move marks a significant milesto ...

NEW YORK, Sept. 10, 2024 /PRNewswire/ - A recent study conducted by the Nutrition & Metabolic Health Initiative at Texas Tech University revealed that a meal containing, Borealis Foods' (NASDAQ: BRLS) Chef Woo's high-protein ramen noodles significantly reduces caloric intake at the next meal. This exciting research offers promising implications for weight management and dietary planning.The research, overseen by Dr. Nikhil Dhurandhar, the distinguished Chair of the Department of Nutritional Sciences at Texa ...

NEW YORK, Aug. 15, 2024 /PRNewswire/ - Borealis Foods Inc. ("Borealis" or the "Company") (Nasdaq: BRLS), a pioneering food tech company dedicated to crafting premium-quality, nutritious food solutions accessible to all, today announced that CEO Reza Soltanzadeh has issued a letter to shareholders discussing second quarter financial results and the Company's strategic developments.Dear Fellow Shareholders:We continued to make steady progress during the second quarter and while our reported results included s ...

财务业绩 - 公司净销售额在2024年6月30日结束的六个月期间同比下降11%，主要由于与最大客户的价格谈判和大幅降价[101] - 成本品销售成本在2024年6月30日结束的六个月期间同比下降14%，主要由于原材料成本、直接和间接人工以及能源费用的下降[101] - 毛利率在2024年6月30日结束的六个月期间同比提高14个百分点，主要由于客户和产品组合多元化以及较高毛利产品占比提高[101] - 净销售额同比下降17%，主要由于与最大客户的价格谈判和大幅降价[106] - 成本货物销售同比下降24%，主要由于原材料成本、直接和间接人工以及能源费用下降[106] 费用情况 - 销售、营销和业务发展费用在2024年6月30日结束的六个月期间同比增加17%，主要由于与沃尔玛和山姆会员店的一次性业务发展成本以及品牌大使和慈善支出[102] - 一般及行政费用在2024年6月30日结束的六个月期间同比增加18%，主要由于与反向重组相关的专业费用以及股份支付费用的增加[102] - 销售、营销和业务发展费用同比增加20%，主要由于一次性业务发展成本增加[107] - 总体管理费用同比下降5%，主要由于专业费用增加[107] - 其他费用同比下降8%，主要由于利息费用下降[107] 现金流和财务状况 - 公司正寻求额外融资以满足未来资金需求，但存在不确定性[108][109] - 公司现金流量表显示经营活动净现金流出1100万美元，投资活动净现金流出121万美元，融资活动净现金流入773万美元[110][111][112][113] - 公司面临持续经营能力存在重大不确定性[109] - 公司合计合同义务和其他承诺为52,126百万美元，其中1年内到期28,656百万美元，1-3年内到期11,303百万美元，4-5年内到期12,167百万美元[115,116,117] - 截至2024年6月30日和2023年12月31日,公司未参与任何资产负债表外安排[118] 会计政策和披露 - 公司为新兴成长公司,可以选择不遵守新的或修订的财务会计准则,直到私营公司被要求遵守这些准则[119,120] - 公司为小型报告公司,可以享受某些减少披露义务的优惠,如只提供两年的经审计财务报表[121] - 公司使用经调整EBITDA作为关键业绩指标,用于评估公司的经营业绩和管理层的表现[122,123,124,125] 风险因素 - 公司前三大客户占总收入的52%,前两大供应商占采购的51%,存在一定的集中风险[128] - 公司面临一定的外汇风险,但目前尚未采取对冲措施,未来可能会采取相应措施[129] - 公司认为目前的通胀对其业绩影响不大,但未来可能会受到一定影响[130] - 公司持续进行产品研发和新业务拓展,相关成本计入当期,未来将通过新产品和新业务带来的收益来抵消[131]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): May 23, 2024 BOREALIS FOODS INC. (Exact name of Registrant as Specified in its Charter) Ontario 001-40778 98-1638988 (State or other jurisdiction of (Commission (I.R.S. Employer incorporation or organization) File Number) Identification No.) 1540 Cornwall Rd. #104 Oakville, Ontario L6J 7W5 (Add ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Borealis Foods Inc. (Exact name of registrant as specified in its charter) Ontario 001-40778 98-1638988 (State or other jurisdiction of (Commission File Number) (I.R. ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Borealis Foods Inc. (Exact name of registrant as specified in its charter) Ontario 001-40778 98-1638988 (State or other jurisdiction of (Commission File Number) (I.R.S. Em ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (MARK ONE) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 001-40778 OXUS ACQUISITION CORP. (Exact name of registrant as specified in its charter) Cayman Islands N/A (State or other juri ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (MARK ONE) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 001-40778 OXUS ACQUISITION CORP. (Exact name of registrant as specified in its charter) Cayman Islands N/A (State or other jurisdict ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (MARK ONE) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 001-40778 OXUS ACQUISITION CORP. (Exact name of registrant as specified in its charter) Cayman Islands N/A (State or other jurisdic ...