Blue Star Foods reports Q2 EPS ($1.52) vs. ($30.68) last year

Reports Q2 revenue $1.8M vs. $1.7M last year. John Keeler, Chairman and CEO of Blue Star, commented, “Our first half 2024 results demonstrate the increase in business opportunities and revenue traction we are witnessing. The increased gross profit and gross margins are meaningful and drive incremental dollars to our operating line, which has been improving with each quarter. Our pipeline of existing and additional business remains strong, as our 2024 forecast of at least 65% revenue growth with an annual run-rate of greater than $20 million. We are proud of our recent regaining Nasdaq listing compliance and believe our continued listing on a national exchange will better enable us to seek strategic opportunities such as strategic partnerships and acquisitions to complement our growth. We look forward to the remainder of 2024 as we embark on increasing our shareholder relations and outreach programs later in the fall.”