AquaBounty Technologies Inc reports results for the quarter ended in December - Earnings Summary

Aquabounty Technologies

02/04/2024 15:21

* AquaBounty Technologies Inc  AQB.OQ  reported a quarterly
adjusted loss of $2.19​​ per share for the quarter ended in
December, lower than the same quarter last year, when the
company reported EPS of $-1.60.  The mean expectation of
three analysts for the quarter was for a loss of $1.53 per
share. Wall Street expected results to range from $-1.64
to $-1.40 per share.
    * Revenue rose 22.8% to $554.00 thousand from a year ago;
analysts
expected $733.33 thousand. 
    * AquaBounty Technologies Inc's reported EPS for the quarter
was a
loss of $2.19​.
    * The company reported a quarterly loss of $8.42 million.
    * AquaBounty Technologies Inc shares had held steady so far
this
quarter and lost 29.1% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts was unchanged in
the last
three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company.

RECOMMENDATIONS
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is no "strong buy" or "buy," 3
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the biotechnology
&
medical research peer group is also "hold"

Wall Street's median 12-month price target for AquaBounty
Technologies Inc is $3.00 
This summary was machine generated from LSEG data April 2 at
02:21 p.m. UTC. ​All figures in US dollars unless otherwise
stated. (For questions concerning the data in this report,
contact Estimates.Support@lseg.com. For any other questions or
feedback, contact RefinitivNewsSupport@thomsonreuters.com) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Dec. 31 2023      -1.53          -2.19          Missed
 Sep. 30 2023      -1.94          -1.60          Beat
 Jun. 30 2023      -1.67          -1.80          Missed
 Mar. 31 2023      -1.60          -1.80          Missed