secwatch.observer — SEC 8-K summary
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Issuer:     AQUABOUNTY TECHNOLOGIES INC (AQB)
CIK:        0001603978
Form:       8-K
Filed at:   2023-05-04T23:59:59+00:00
Accession:  0001603978-23-000023
Event type: earnings
Sentiment:  negative
Materiality: 0.60
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1603978/000160397823000023/0001603978-23-000023-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1603978/000160397823000023/aqb-20230504x8k.htm
  HTML page:      https://secwatch.observer/filing/0001603978-23-000023

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