AquaBounty Q2 product revenue up 371% to $1.1M; net loss widens to $5.5M

AQUABOUNTY TECHNOLOGIES INC

2023-Q2 EPS reported -$0.15 revenue$2,032,587

Product revenue $1.1M vs $227K in Q2 2021 (+371%); net loss $5.5M vs $5.2M.
Cash and equivalents $149.2M at June 30, 2022, down from $191.2M at Dec 31, 2021.
Construction at Ohio farm continues; bond financing slowed due to inflation and cost review; farm cost estimate exceeds $290-320M range.
CEO cites strong demand for GE Atlantic salmon; Indiana farm harvests scaling.

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