Why did BRLS EPS stagnate in Q3 2023?

The EPS of Borealis Foods (BRLS) declined by 60% in Q3 2023 compared to the same period in the previous year, resulting in a diluted EPS of -$0.61. This significant decrease can be attributed to several factors:

|code|Ticker|Name|Date|Diluted EPS YoY|market_code|
|---|---|---|---|---|---|
|BRLS|BRLS.O|Borealis Foods|2023 Q1|-1733.3333333333335|186|
|BRLS|BRLS.O|Borealis Foods|2023 Q2|-7600|186|
|BRLS|BRLS.O|Borealis Foods|2023 Q3|-6000|186|

1. **Revenue Decline**: Although BRLS reported a total revenue of $7.73 million for Q3 2023, this figure was lower than the revenue recorded in the same quarter of the previous year. The decrease in revenue could be a result of various factors such as market conditions, competition, or operational inefficiencies. Lower revenue can lead to reduced profitability, which in turn affects the EPS.

|code|Ticker|Name|Date|Total Revenue YoY|Total Revenue|market_code|
|---|---|---|---|---|---|---|
|BRLS|BRLS.O|Borealis Foods|2022 Q4||0|186|
|BRLS|BRLS.O|Borealis Foods|2023 Q1||8354773|186|
|BRLS|BRLS.O|Borealis Foods|2023 Q2||6447084|186|
|BRLS|BRLS.O|Borealis Foods|2023 Q3||7725353|186|

2. **Net Income Loss**: BRLS incurred a net loss of $6.59 million in Q3 2023. When a company has a negative net income, it means that its total expenses are greater than its revenues during the period. This loss can be a direct consequence of the revenue decline or other cost-related factors. Net income loss can lead to a decrease in EPS, as the net income is divided among the diluted shares.

|code|Ticker|Name|Date|Net Income YoY|Net Income|market_code|
|---|---|---|---|---|---|---|
|BRLS|BRLS.O|Borealis Foods|2022 Q4|300.05476723923323|763439|186|
|BRLS|BRLS.O|Borealis Foods|2023 Q1|-976.8820462206677|-5935580|186|
|BRLS|BRLS.O|Borealis Foods|2023 Q2|-2787.1985254481906|-8301995|186|
|BRLS|BRLS.O|Borealis Foods|2023 Q3|-2797.65770760728|-6585101|186|

In conclusion, the stagnation of BRLS EPS in Q3 2023 can be attributed to a combination of lower revenue and increased expenses resulting in a net loss.