secwatch.observer — SEC 8-K summary
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Issuer:     AQUABOUNTY TECHNOLOGIES INC (AQB)
CIK:        0001603978
Form:       8-K
Filed at:   2025-03-27T23:59:59+00:00
Accession:  0001603978-25-000012
Event type: earnings
Sentiment:  negative
Materiality: 0.90
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

AquaBounty FY2024: net loss $149.2M, revenue down 68%, cash $230K
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1603978/000160397825000012/0001603978-25-000012-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1603978/000160397825000012/aqb-20250327x8k.htm
  HTML page:      https://secwatch.observer/filing/0001603978-25-000012

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