Blue Star Foods Stock Price, News & Analysis

Blue Star Foods Corp. (NASDAQ: BSFC) reported significant financial growth for Q1 2022, achieving a 114% increase in revenue to $5.3 million compared to $2.5 million in the same quarter last year. Gross profit rose 62% to $0.5 million, although net loss increased by 120% to $1.1 million due to non-cash expenses. The company acquired Gault Seafood, enhancing its sustainable seafood capabilities, and initiated operations in its soft-shell crab division. Total assets grew by 28% to $20.4 million, reflecting ongoing expansion in the RAS sector.

Blue Star Foods Corp (NASDAQ: BSFC) announced the appointment of Juan Carlos Dalto and Silvia Alana to its Board of Directors on April 20, 2022, expanding the board from five to seven members.

Dalto brings over 30 years of experience in consumer goods and sustainability, currently serving as President of Dole Sunshine Company. Alana, Chief Financial Officer of Blue Star, has over 10 years of accounting and audit experience. The board's diversification aligns with Nasdaq rule 5605(f), aiming to enhance strategic guidance as the company grows.

Blue Star Foods (NASDAQ: BSFC) announced participation in the Benzinga All Access event on April 22, 2022, at 10:00 AM ET. Chairman and CEO John Keeler will present the Company's strategic growth initiatives and industry positioning. Blue Star Foods focuses on sustainable seafood through its innovative recirculatory aquaculture systems and ecological packaging, operating the oldest salmon farm of its kind in North America.

Blue Star Foods Corp (NASDAQ: BSFC) is set to participate in two investor conferences: NobleCon on April 21 at 11:00am ET in Hollywood, FL, and the Investor Summit on May 3 at 1:15pm ET in New York City. CEO John Keeler will present and engage in 1-on-1 meetings to outline the company's strategic growth initiatives and ESG focus. Interested parties can register or request meetings via provided links or email.

Blue Star Foods Corp. (NASDAQ: BSFC) has reported its financial results for the year ended December 31, 2021. Revenue decreased by 29% to $10 million, while gross profit increased by 34% to $2 million, resulting in a gross margin of 20%. The company achieved positive EBITDA of $0.5 million from its three operating subsidiaries and reduced its net loss by 41% to $2.6 million. Looking ahead, Q1 2022 revenue is expected to exceed $5 million, reflecting over 100% growth compared to Q1 2021, suggesting a potential recovery from the previous year's challenges.

Blue Star Foods Corp. (NASDAQ:BSFC) has launched its Soft-Shell Crab Recirculatory Aquaculture Systems (RAS) division following the acquisition of Gault Seafood assets in December 2021. This innovative approach aims to harvest Atlantic Blue Crab during off-seasons, addressing a market gap where fresh products are scarce for seven months. The company plans to deliver its first off-season soft-shell crab products this August, with aspirations to scale production significantly in Beaufort, South Carolina, from a pilot facility.

Blue Star Foods Corp. (NASDAQ: BSFC), a seafood company with a focus on Environmental, Social, and Governance (ESG) factors, has announced that CEO John Keeler will present at the Aegis Virtual Conference from February 23 to February 25, 2022. The presentation is scheduled for February 23 from 1:00 p.m. to 1:30 p.m. ET. Investors can access the event by downloading the iCalendar. Blue Star is noted for its sustainable seafood products and operates North America's oldest Recirculating Aquaculture System (RAS) salmon farm.

Blue Star Foods Corp. (Nasdaq: BSFC) has entered into a securities purchase agreement with Lind Global Fund II LP to issue a convertible note worth $5,750,000, inclusive of a 15% original issue discount. This secured 24-month note has a 0% interest rate and a fixed conversion price of $5.00 per share, representing a 26% premium over the January 24 closing price of $3.97. The funds will enhance working capital, supporting increased production to meet rising demand across North America, according to CEO John Keeler.

Blue Star Foods Corp. (NASDAQ:BSFC), an integrated ESG seafood company, announced an updated research report by Diamond Equity Research. The 5-page report discusses the company’s business model, services, industry, valuation, management, and risks. CEO John Keeler emphasized the report's insights into their Crab RAS division and market opportunities. Blue Star Foods is known for processing and selling high-value seafood products and operates the oldest RAS salmon farm in North America. The report aims to enhance understanding of the company's growth strategy and financial outlook.