secwatch.observer — SEC 8-K summary
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Issuer:     AQUABOUNTY TECHNOLOGIES INC (AQB)
CIK:        0001603978
Form:       8-K
Filed at:   2023-08-01T23:59:59+00:00
Accession:  0001603978-23-000034
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

AquaBounty Q2 revenue down 26% to $788k; net loss widens to $6.5M; pauses Ohio farm
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- Q2 product revenue $788k, down 26% YoY from $1.1M; net loss $6.5M vs $5.5M.
- Cash and restricted cash fell to $43.8M from $102.6M at Dec 31, 2022.
- Paused construction of Pioneer, Ohio farm due to substantial cost increase; evaluating options.
- Indiana farm achieved highest quarterly output; demand exceeds supply.
- Expanding broodstock/egg production at PEI farm; exploring new species and territories.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1603978/000160397823000034/0001603978-23-000034-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1603978/000160397823000034/aqb-20230801x8k.htm
  HTML page:      https://secwatch.observer/filing/0001603978-23-000034

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer