AquaBounty Q3 net loss $3.4M; cash down to $500K; selling Rollo Bay farm

AQUABOUNTY TECHNOLOGIES INC

2024-Q3 EPS reported -$16.87 vs consensus -$0.89 ▼ miss (-1787.2%)

Net loss narrowed to $3.4M in Q3 2024 from $6.1M in Q3 2023, primarily due to Indiana farm sale.
Cash, cash equivalents and restricted cash totaled $500K as of Sep 30, 2024, vs $9.2M at Dec 31, 2023.
Indiana farm sale closed July 26 for $9.2M net; proceeds used to pay off bridge loan.
Company decided to sell Rollo Bay farm to address immediate cash requirements.
CEO cites focus on financing initiatives and cost reductions to extend cash runway.

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