Blue Star Foods Provides 2024 Revenue Guidance of At Least 65% Growth With Anticipated Annual Run-Rate Greater Than $20 Million

Core Insights - Blue Star Foods Corp. reported a 19% revenue increase in Q1 2024 compared to Q1 2023, indicating strong growth momentum and a positive outlook for 2024-2025 [2][4] - The company forecasts at least 65% revenue growth for 2024, with an annual run-rate exceeding $20 million, driven by new business opportunities and an expanding customer base [4][5] Company Overview - Blue Star Foods is an integrated Environmental, Social, and Governance (ESG) sustainable seafood company specializing in Recirculatory Aquaculture Systems (RAS) [3][4] - The company operates the oldest continuously running RAS full grow-out salmon farm in North America, located in Miami, Florida [3] Business Development - The company has successfully secured new business opportunities, particularly increasing its customer base at its Canadian facility for steelhead salmon [5]