Blue star foods reports 19% growth to $2.3 million revenue for first quarter ended march 31, 2024

Increase in revenues leads to 44% reduction in losses miami, fl, may 20, 2024 (globe newswire) -- blue star foods corp., (“blue star,” the “company,” “we,” “our” or “us”) (nasdaq: bsfc ), an integrated environmental, social, and governance (“esg”) sustainable seafood company with a focus on recirculatory aquaculture systems (“ras”), announced unaudited financial and operational results for the three months ended march 31, 2024. key financial highlights for the three months ended march 31, 2024 revenue increased 19% to $2.3 million net loss decreased 44% to $1.1 million adjusted ebitda loss decreased 35% to $0.6 million inventory and ras biomass of $2.3 million business highlights for the three months ended march 31, 2024 executed transformational master service agreement (msa) with a the fully integrated seafood provider.
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