---
schema_version: "secwatch.filing_event.v1"
accession: "0001603978-23-000058"
form_type: "8-K"
ticker: "AQB"
cik: "0001603978"
company_name: "AQUABOUNTY TECHNOLOGIES INC"
filed_at: "2023-11-07T23:59:59+00:00"
generated_at: "2026-06-08T15:29:44.172702+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# AquaBounty Q3 revenue +12% to $733k, net loss $6.1M; Ohio farm cost estimate $485-495M

## Summary
- Product revenue $733k vs $653k in Q3 2022; net loss $6.1M vs $5.4M loss a year ago.
- Cash and restricted cash $17.8M at Sept 30, 2023, down from $102.6M at Dec 31, 2022.
- Ohio farm total cost estimate raised to $485-495M (previous range lower); ~$140M spent to date.
- Entered non-binding MOU with Noble Salmon (Benish Group) for a RAS salmon farm in Georgia.
- Management noted market price decline for Atlantic salmon impacted results despite higher farm output.

## SEC filing metadata
- accession: 0001603978-23-000058
- form_type: 8-K
- ticker: AQB
- cik: 0001603978
- company_name: AQUABOUNTY TECHNOLOGIES INC
- filed_at: 2023-11-07T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1603978/000160397823000058/0001603978-23-000058-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1603978/000160397823000058/aqb-20231107x8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001603978-23-000058
- JSON: https://secwatch.observer/filing/0001603978-23-000058.json
- Plain text: https://secwatch.observer/filing/0001603978-23-000058.txt

## Key facts
- Earnings Releases
  AQUABOUNTY TECHNOLOGIES INC reported third quarter and nine months ended September 30, 2023 results: revenue $733 thousand, net income Net loss in the third quarter of 2023 was $6.1 million.
  - Period: third quarter and nine months ended September 30, 2023
  - Revenue: $733 thousand
  - Net income: Net loss in the third quarter of 2023 was $6.1 million
  - Result: reported results
  source text: today announced the Company’s financial results for the third quarter and nine months ended September 30, 2023. Third Quarter 2023 Highlights and Recent Developments · Generated $733 thousand in product revenue in the third quarter, a year-over-year increase of 12% as compared to $653 thousand in the third quarter of 2022; · Net loss in the third quarter of 2023 was
  evidence_url: https://www.sec.gov/Archives/edgar/data/1603978/000160397823000058/0001603978-23-000058-index.htm

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