---
schema_version: "secwatch.filing_event.v1"
accession: "0001603978-23-000023"
form_type: "8-K"
ticker: "AQB"
cik: "0001603978"
company_name: "AQUABOUNTY TECHNOLOGIES INC"
filed_at: "2023-05-04T23:59:59+00:00"
generated_at: "2026-06-15T22:03:28.193512+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# AquaBounty Q1 revenue fell 59% to $398K; net loss widened to $6.5M

## Summary
- Product revenue of $398K, down from $963K in Q1 2022 due to planned repair downtime at Indiana farm.
- Net loss of $6.5M compared to $5.1M in Q1 2022; cash and equivalents fell to $73.8M from $102.6M.
- Indiana farm had highest monthly harvest output in March; demand continues to exceed supply.
- Construction of Pioneer, Ohio farm progressing; bond financing closing expected mid-2023.
- Company expanding conventional salmon egg/fry business and exploring partnerships outside North America.

## SEC filing metadata
- accession: 0001603978-23-000023
- form_type: 8-K
- ticker: AQB
- cik: 0001603978
- company_name: AQUABOUNTY TECHNOLOGIES INC
- filed_at: 2023-05-04T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1603978/000160397823000023/0001603978-23-000023-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1603978/000160397823000023/aqb-20230504x8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001603978-23-000023
- JSON: https://secwatch.observer/filing/0001603978-23-000023.json
- Plain text: https://secwatch.observer/filing/0001603978-23-000023.txt

## Key facts
- Earnings Releases
  AQUABOUNTY TECHNOLOGIES INC reported the quarter ended March 31, 2023 results: revenue $398 thousand, net income Net loss in the first quarter of 2023 was $6.5 million.
  - Period: the quarter ended March 31, 2023
  - Revenue: $398 thousand
  - Net income: Net loss in the first quarter of 2023 was $6.5 million
  - Result: reported results
  source text: AquaBounty Technologies, Inc. (NASDAQ: AQB) (“AquaBounty” or the “Company”), a land-based aquaculture company utilizing technology to enhance productivity and sustainability, today announced the Company’s financial results for the quarter ended March 31, 2023. First Quarter 2023 Highlights and Recent Developments · Generated $398 thousand in product revenue in the first quarter, a year-over-year decrease of 59% as compared to $963 thousand in the first quarter of 2022. · Net loss in the first quarter of 2023 was $6.5 million, as compared to $5.1 million in the first quarter of 2022.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1603978/000160397823000023/0001603978-23-000023-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.