Borealis Foods Income Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Year	2023	2022	2021
Revenue	29.98	25.3	13.63
Revenue Growth (YoY)	18.53%	85.55%	-
Cost of Revenue	31.29	32.37	13.85
Gross Profit	-1.3	-7.07	-0.21
Selling, General & Admin	18.65	15.99	10
Operating Expenses	18.65	15.99	10
Operating Income	-19.95	-23.06	-10.21
Interest Expense / Income	7.28	3.22	0.26
Other Expense / Income	0.59	-0.05	-0.37
Pretax Income	-27.82	-26.23	-10.1
Income Tax	-0.34	0.06	0.02
Net Income	-27.48	-26.28	-10.12
Shares Outstanding (Basic)	7	22	10
Shares Outstanding (Diluted)	-	22	10
Shares Change	-69.99%	116.47%	-
EPS (Basic)	-	-0.01	-0.04
EPS (Diluted)	-	-0.01	-0.04
Free Cash Flow	-22.47	-27.38	-27.99
Free Cash Flow Per Share	-3.42	-1.25	-2.77
Gross Margin	-4.35%	-27.95%	-1.56%
Operating Margin	-66.53%	-91.17%	-74.88%
Profit Margin	-91.64%	-103.90%	-74.24%
Free Cash Flow Margin	-74.94%	-108.25%	-205.33%
EBITDA	-16.6	-19.56	-7.74
EBITDA Margin	-55.37%	-77.32%	-56.77%
Depreciation & Amortization	3.94	3.45	2.1
EBIT	-20.54	-23.01	-9.84
EBIT Margin	-68.50%	-90.96%	-72.16%

Source: Financials are provided by Nasdaq Data Link and sourced from the audited annual (10-K) and quarterly (10-Q) reports submitted to the Securities and Exchange Commission (SEC).