earnings
confidence high
sentiment negative
materiality 0.90
AquaBounty FY2024: net loss $149.2M, revenue down 68%, cash $230K
AQUABOUNTY TECHNOLOGIES INC
- Product revenue $789K for FY2024, down 68% YoY from $2.5M.
- Net loss widened to $149.2M from $27.6M; included $129.8M in asset impairment charges.
- Cash, equivalents and restricted cash $230K at Dec 31, 2024, vs $9.2M a year earlier.
- Company sold Canadian Farms and Corporate IP for $1.9M net, assuming $3.2M in loans.
- Construction at Ohio Farm paused; management pursuing strategic alternatives for the project.