12:15 PM EDT, 08/15/2024 (MT Newswires) -- Borealis Foods ( BRLS ) shares were down 7.5% in recent trading on Thursday after it posted a decline in Q2 revenue.

The company reported a Q2 net loss of $0.29 per diluted share, narrowing from $0.77 a year earlier. Comparable analysts' estimates were not available.

Revenue for the quarter ended June 30 was $5.3 million, down from $6.4 million a year earlier.

Price: 6.80, Change: -0.55, Percent Change: -7.48