secwatch.observer — SEC 8-K summary
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Issuer:     AQUABOUNTY TECHNOLOGIES INC (AQB)
CIK:        0001603978
Form:       8-K
Filed at:   2024-04-01T23:59:59+00:00
Accession:  0001603978-24-000011
Event type: earnings
Sentiment:  negative
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1603978/000160397824000011/0001603978-24-000011-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1603978/000160397824000011/aqb-20240401x8k.htm
  HTML page:      https://secwatch.observer/filing/0001603978-24-000011

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