AquaBounty Q1 net income $401k from asset sales; exploring strategic alternatives

AQUABOUNTY TECHNOLOGIES INC

2025-Q1 EPS reported $0.10

Net income of $401k vs net loss of $11.3M in Q1 2024; includes $2.0M non-cash loan forgiveness gain.
Sold Ohio Equipment Assets for net proceeds $2.3M and Canadian subsidiary (farms, IP) for net $1.9M.
Cash, cash equivalents and restricted cash $1.4M as of March 31, 2025, up from $230k at Dec 31, 2024.
Company working with investment banker to assess strategic alternatives for Ohio Farm Project.
Interim CEO David Frank cites need to generate cash from remaining equipment sales.

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