AquaBounty Q3 revenue up 44% to $653K; Pioneer farm cost >$320M

AQUABOUNTY TECHNOLOGIES INC

2023-Q3 EPS reported -$4.20 revenue$2,686,019

Q3 product revenue $653K (+44% YoY); net loss $5.4M improved from $6.9M.
Nine-month 2022 revenue $2.7M (+255% YoY); net loss $16.1M vs $16.3M.
Pioneer, OH farm construction est. >$320M; bond financing increased to $425M, closing expected Q1 2023.
Received Ohio water permit for up to 5.25M gal/day to support expanded operations.
Cash, equivalents, marketable securities and restricted cash totaled $128.0M as of Sept 30, 2022.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 1.0

AQUABOUNTY TECHNOLOGIES INC reported the third quarter and nine-months ended September 30, 2022 results: revenue $653 thousand, net income $5.4 million.

Period: the third quarter and nine-months ended September 30, 2022
Revenue: $653 thousand
Net income: $5.4 million
Result: reported results

Exact text from the filing

Company’s financial results for the third quarter and nine-months ended September 30, 2022. Third Quarter and Year-to-Date 2022 Highlights and Recent Developments · Generated $653 thousand in product revenue in the third quarter, a year-over-year increase of 44% as compared to $455 thousand in the third quarter of 2021. In the nine-month period ended September 30,

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Source: SEC EDGAR

accession 0001603978-22-000047

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