AquaBounty Q4 revenue up 23% to $553K but full-year revenue down 21%; net loss widens to $27.6M

AQUABOUNTY TECHNOLOGIES INC

2024-Q1 EPS reported -$2.90 vs consensus -$1.54 ▼ miss (-88.5%)

Q4 product revenue $553K (up 23% YoY); full-year $2.47M (down 21% YoY).
Net loss Q4 $8.42M (vs $6.07M); full year $27.56M (vs $22.16M).
Cash and equivalents $9.2M as of Dec 31, 2023, down from $102.6M year-end 2022.
Construction at Ohio farm paused due to cost overruns; seeking new financing.
Decided to sell Indiana farm to boost liquidity; engaged Berenson & Co for debt financing.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

AQUABOUNTY TECHNOLOGIES INC reported financial results for the fourth quarter and full year ended December 31, 2023.

Period: the fourth quarter and full year ended December 31, 2023
Result: reported results

Exact text from the filing

On April 1, 2024 AquaBounty Technologies, Inc. issued a press release regarding its financial and corporate updates for the quarter and year ended December 31, 2023.

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Source: SEC EDGAR

accession 0001603978-24-000011

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