Dear Fellow Shareholders:I'm thrilled to share with you the exciting progress Borealis has made, setting the stage for even greater achievements ahead. Our dedicated team has been hard at work, and the fruits of our labor are becoming increasingly evident as we move toward the second half of the year.Here are some key highlights that fill me with optimism:Continued refinement of product mix is positively impacting gross margin – By strategically refining our product mix to include higher-margin items, we've not only achieved gross profit for the past two quarters (with reference to the pre-business combination entity as to Q4 2023), but we believe we have also laid a solid foundation for fut
Shares of Urban Outfitters, Inc. (NASDAQ:URBN) rose sharply in today's pre-market trading after the company reported better-than-expected financial results for its first quarter on Tuesday. The company reported quarterly earnings of 69 cents per share, which beat the analyst consensus estimate of 52 cents. Quarterly sales clocked in at $1.2 billion, beating the analyst consensus estimate of $1.175 billion, according to data from Benzinga Pro. Urban Outfitters shares jumped 6.7% to $44.10 in the pre-market trading session. Here are some other stocks moving in pre-market trading. Gainers MGO Global, Inc. (NASDAQ:MGOL) gained 91.2% to $2.39 in pre-market trading. MGO Global shar
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 Texas Tech University, was conducted as a randomized, double-blind, crossov
NEW YORK, Sept. 9, 2024 /PRNewswire/ - Borealis Foods Inc. ("Borealis" or the "Company") (NASDAQ:BRLS), a pioneering food tech innovation company dedicated to creating premium-quality, nutritious food solutions accessible to the world population, today announced that CEO Reza Soltanzadeh is scheduled to present at the 26th Annual H.C. Wainwright Global Investment Conference, taking place September 9-11, 2024 in New York City. The Company will also host one-on-one meetings with investors at the conference. Reza Soltanzadeh, Founder and CEO of Borealis Foods, will deliver a pres
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 some important accomplishments, the real excitement lies in the transfo
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