Blue Star Foods Increases 2024 Revenue Guidance at Least 65% with a more than $20M Anticipated Annual Run-Rate
DENVER, Colo., Jun 27, 2024 (247marketnews.com)- Blue Star Foods Corp. (NASDAQ:BSFC) forecasts at least 65% increase in revenue growth, for 2024, with an annual run-rate of greater than $20 million, due to securing new business and accelerated revenue growth from current and new opportunities.
John Keeler, Chairman and CEO of Blue Star Foods, commented, “We are excited to showcase our commitment to company growth in 2024. Our actionable plan started to show in our financial and operating results, as reflected in our recently reported first quarter 2024 report with 19% revenue increase versus first quarter 2023. We believe this is the beginning as new customers segment are ramping the business and land-based farm operating within expectations. The pipeline for additional business is robust and we look forward to closing on several new opportunities currently in the pipeline to support our growth trend in 2024-2025, our outlook remains decidedly bullish.”
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