secwatch.observer — SEC 8-K summary
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Issuer:     AQUABOUNTY TECHNOLOGIES INC (AQB)
CIK:        0001603978
Form:       8-K
Filed at:   2023-11-07T23:59:59+00:00
Accession:  0001603978-23-000058
Event type: earnings
Sentiment:  negative
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1603978/000160397823000058/0001603978-23-000058-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1603978/000160397823000058/aqb-20231107x8k.htm
  HTML page:      https://secwatch.observer/filing/0001603978-23-000058

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