How did BRLS's revenue and expenses trend in Q3 2024 compared to previous quarters?

**Borealis Foods Inc. (BRLS) experienced an increase in revenue in Q3 2024 compared to the previous quarter**, as indicated by the total revenue of $7.69 million in Q3 2024, up from $5.33 million in Q2 2024. However, there was no significant change in revenue when compared to Q1 2024, which also recorded $7.9 million.

|code|Ticker|Name|Date|Total Revenue YoY|Total Revenue|market_code|
|---|---|---|---|---|---|---|
|BRLS|BRLS.O|Borealis Foods|2023 Q4||7457758|186|
|BRLS|BRLS.O|Borealis Foods|2024 Q1|-5.497935132408744|7895433|186|
|BRLS|BRLS.O|Borealis Foods|2024 Q2|-17.400176575952784|5325280|186|
|BRLS|BRLS.O|Borealis Foods|2024 Q3|-0.48481926974728534|7687899|186|

Regarding expenses, no data was provided for Q2 and Q3 2024. However, the company's CEO, Reza Soltanzadeh, issued a letter to shareholders highlighting a strategic pivot to higher-margin products, especially the Chef Woo brand, which saw shipments increase over 5x year-over-year. This shift is likely contributing to the improved gross margins observed in Q2 2024, with a reported 7.9% gross margin, marking the third consecutive quarter of positive margins.

The lack of specific revenue figures and the emphasis on future prospects rather than current performance in the company's communications suggest ongoing challenges. Investors should closely monitor the Q3 and Q4 results to validate the company's optimism about a stronger second half, particularly regarding sales growth and continued margin expansion.