Company: BSFC
Filing Date: 2025-11-12
Form Type: 10-Q
Source: 0001493152-25-021887
Chunk: 59

Company: Blue Star Foods Corp.
Filing Date: 2025-11-12
Form: 10-Q
Item: Part I, Item 2
Chunk 59
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Forward-Looking
Statements

The
following management’s discussion and analysis should be read in conjunction with the financial statements and the related notes
thereto contained in this Quarterly Report. The management’s discussion and analysis contain forward-looking statements, such as
statements of our plans, objectives, expectations and intentions. Any statements that are not statements of historical fact are forward-looking
statements. When used, the words “believe,” “plan,” “intend,” “anticipate,” “target,”
“estimate,” “expect” and the like, and/or future tense or conditional constructions (“will,” “may,”
“could,” “should,” etc.), or similar expressions, identify certain of these forward-looking statements. These
forward-looking statements are subject to risks and uncertainties, including those under “Risk Factors” in our Annual Report
on Form 10-K for the year ended December 31, 2023 filed with the SEC on April 1, 2025, as updated in subsequent filings we have made
with the SEC that could cause actual results or events to differ materially from those expressed or implied by the forward-looking statements.
Our actual results and the timing of events could differ materially from those anticipated in these forward-looking statements as a result
of several factors. We do not undertake any obligation to update forward-looking statements to reflect events or circumstances occurring
after the date of this Quarterly Report.

Basis
of Presentation

The
following discussion highlights our results of operations and the principal factors that have affected our financial condition as well
as our liquidity and capital resources for the periods described and provides information that management believes is relevant for an
assessment and understanding of the statements of financial condition and results of operations presented herein. The following discussion
and analysis are based on our unaudited financial statements contained in this Quarterly Report, which we have prepared in accordance
with United States generally accepted accounting principles. You should read the discussion and analysis together with such financial
statements and the related notes thereto.

Overview

Looking
ahead, the Company plans to focus on strengthening its position in the premium seafood market by improving supply chain efficiency, expanding
distribution channels, and managing costs to enhance profitability. Management expects continued demand for pasteurized crab meat and
other specialty seafood products in our core U.S. and Canadian markets, supported by steady consumer interest in sustainable, ready-to-eat
protein options. We intend to leverage our existing co-packing relationships across Southeast Asia to maintain consistent product quality
and supply reliability while exploring new sourcing