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    AQB — Aquabounty Technologies News Story

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    AquaBounty Q2 net loss narrows to $3.4 mln

    Picture of Aquabounty Technologies logoAquabounty Technologies
    05/08/2025 13:15
    Overview

AquaBounty Q2 net loss narrows to $3.4 mln from $50.5 mln yr/yr

Company sold Ohio Equipment Assets for $2.4 mln, boosting liquidity

Cash and equivalents rise to $730 thousand as of June 30, 2025

Outlook

Company focuses on strategic alternatives for Ohio Farm Project

Result Drivers

ASSET SALE - Sale of Ohio Equipment Assets generated $2.4 mln in net proceeds, enhancing liquidity, per CFO David Frank

IMPAIRMENT CHARGE - Net loss includes $1.2 mln non-cash asset impairment charge related to Ohio Equipment Assets

CASH POSITION - Cash and cash equivalents increased to $730 thousand as of June 30, 2025, aided by asset sales

Key Details


    MetricBeat/MissActualConsensus Estimate
    Q2 EPS-$0.87
    Q2 Net Income-$3.40 mln
    

Press Release: ID:nNFC3Lv6Kb

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)

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