AquaBounty Q4 revenue $451k (+8% YoY); FY net loss $22.16M, cash $102.6M

AQUABOUNTY TECHNOLOGIES INC

Full-year product revenue $3.14M, up 167% versus $1.17M in 2021.
Net loss for FY 2022 was $22.16M, essentially flat versus $22.32M in 2021.
Cash, equivalents, and marketable securities $102.6M on Dec 31, 2022, down from $191.2M a year earlier.
Ohio farm Phase 1 & 2 construction expected to complete H1 2025; $425M bond approval from Toledo Port Authority.
Converting PEI facility to egg production to supply both GE and non-GE eggs.

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.98

AQUABOUNTY TECHNOLOGIES INC reported fourth quarter and full year ended December 31, 2022 results: revenue $451 thousand in product revenue in the fourth quarter, a year-over-year increase of 8% as compared to $418 thousand in, net income Net loss in the fourth quarter was flat at $6.07 million for both 2022 and 2021. For the year ended December 31, 2022, n.

Period: fourth quarter and full year ended December 31, 2022
Revenue: $451 thousand in product revenue in the fourth quarter, a year-over-year increase of 8% as compared to $418 thousand in
Net income: Net loss in the fourth quarter was flat at $6.07 million for both 2022 and 2021. For the year ended December 31, 2022, n
Result: reported results

Exact text from the filing

Fourth Quarter and Full Year 2022 Highlights and Recent Developments · Generated $451 thousand in product revenue in the fourth quarter, a year-over-year increase of 8% as compared to $418 thousand in the fourth quarter of 2021.

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Source: SEC EDGAR

accession 0001603978-23-000005

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