AquaBounty Technologies Announces First Quarter 2025 Financial Results
Harvard, Massachusetts--(Newsfile Corp. - May 15, 2025) - AquaBounty Technologies, Inc. (NASDAQ: AQB) ("AquaBounty" or the "Company"), a land-based aquaculture company utilizing technology to enhance productivity and sustainability, today announced the Company's financial results for the first quarter ended March 31, 2025.First Quarter 2025 HighlightsNet income for the quarter ended March 31, 2025 was $401 thousand compared to a net loss of $11.3 million for the quarter ended March 31, 2024. Included in net income 2025 was a non-cash...
2025-05-15 10:57 AM EDT
AquaBounty Technologies Announces Full Year 2024 Financial Results
Harvard, Massachusetts--(Newsfile Corp. - March 27, 2025) - AquaBounty Technologies, Inc. (NASDAQ: AQB) ("AquaBounty" or the "Company"), a land-based aquaculture company utilizing technology to enhance productivity and sustainability, today announced the Company's financial results for the full year ended December 31, 2024.Full Year 2024 Highlights and Recent DevelopmentsFor the year ended December 31, 2024, product revenue totaled $789 thousand, a year-over-year decrease of 68% as compared to $2.5 million in 2023, as the Company sold its Indiana grow-out farm ("Indiana...
2025-03-27 8:01 AM EDT
AquaBounty Announces Plans to Cease Fish Farming Operations
Harvard, Massachusetts--(Newsfile Corp. - December 11, 2024) - The Board of Directors of AquaBounty Technologies, Inc. (NASDAQ: AQB) ("AquaBounty," "we," "our" or the "Company") today announced that the Company will wind down its hatchery operations in Bay Fortune, including a reduction of its workforce and the exit of several senior management members. "AquaBounty will immediately begin to wind down its Bay Fortune operation, its only remaining operating farm, including the culling of all remaining fish and a reduction of...
2024-12-11 8:00 AM EST
AquaBounty Technologies Announces Third Quarter 2024 Financial Results
Harvard, Massachusetts--(Newsfile Corp. - November 5, 2024) - AquaBounty Technologies, Inc. (NASDAQ: AQB) ("AquaBounty" or the "Company"), a land-based aquaculture company utilizing technology to enhance productivity and sustainability, today announced the Company's financial results for the third quarter and nine months ended September 30, 2024.Third Quarter 2024 Highlights and Recent DevelopmentsNet loss in the third quarter of 2024 was down significantly at $3.4 million as compared to $6.1 million in the third quarter of 2023, primarily due to the sale...
2024-11-05 8:00 AM EST
AquaBounty Technologies Provides Update
Harvard, Massachusetts--(Newsfile Corp. - September 3, 2024) - AquaBounty Technologies, Inc. (NASDAQ: AQB) ("AquaBounty" or the "Company"), a land-based aquaculture company utilizing technology to enhance productivity and sustainability, today announced an update on the Company's fundraising efforts.As previously announced, AquaBounty has been exploring a wide range of funding and strategic alternatives to strengthen its balance sheet and increase its cash position. Today, the Company is announcing that it has made the decision to sell its Rollo Bay farm operation. The...
2024-09-03 8:00 AM EDT
AquaBounty Technologies Announces Second Quarter 2024 Financial Results
Harvard, Massachusetts--(Newsfile Corp. - August 6, 2024) - AquaBounty Technologies, Inc. (NASDAQ: AQB) ("AquaBounty" or the "Company"), a land-based aquaculture company utilizing technology to enhance productivity and sustainability, today announced the Company's financial results for the second quarter and six months ended June 30, 2024.Second Quarter 2024 Highlights and Recent DevelopmentsNet loss in the second quarter of 2024 was up significantly at $50.5 million as compared to $6.5 million in the second quarter of 2023. The current period loss included...
2024-08-06 8:01 AM EDT
David F. Melbourne Jr. Promoted to Chief Executive Officer of AquaBounty; Sylvia Wulf to Continue as Non-Executive Board Chair
Harvard, Massachusetts--(Newsfile Corp. - June 7, 2024) - The Board of Directors of AquaBounty Technologies, Inc. (NASDAQ: AQB) ("AquaBounty" or the "Company"), a land-based aquaculture company utilizing technology to enhance productivity and sustainability, today announced that David F. Melbourne Jr. has been promoted to the position of President and Chief Executive Officer. Sylvia Wulf will continue as the non-executive Board Chair of AquaBounty's Board of Directors. "On behalf of the Board of Directors, I am pleased to announce that...
2024-06-07 8:00 AM EDT
AquaBounty Technologies Announces First Quarter 2024 Financial Results
Harvard, Massachusetts--(Newsfile Corp. - May 15, 2024) - AquaBounty Technologies, Inc. (NASDAQ: AQB) ("AquaBounty" or the "Company"), a land-based aquaculture company utilizing technology to enhance productivity and sustainability, today announced the Company's financial results for the first quarter ended March 31, 2024.First Quarter 2024 Highlights and Recent DevelopmentsNet loss in the first quarter was up significantly at $11.2 million for 2024 as compared to $6.5 million in the first quarter of 2023. The current period loss included a non-cash impairment...
2024-05-15 8:00 AM EDT
AquaBounty Technologies Announces Fourth Quarter and Full Year 2023 Financial Results
Harvard, Massachusetts--(Newsfile Corp. - April 1, 2024) - AquaBounty Technologies, Inc. (NASDAQ: AQB) ("AquaBounty" or the "Company"), a land-based aquaculture company utilizing technology to enhance productivity and sustainability, today announced the Company's financial results for the fourth quarter and full year ended December 31, 2023.Fourth Quarter and Full Year 2023 Highlights and Recent DevelopmentsGenerated $553 thousand in product revenue in the fourth quarter, a year-over-year increase of 23% as compared to $451 thousand in the fourth quarter of 2022. For...
2024-04-01 8:00 AM EDT
AquaBounty Technologies Provides Fundraising Update
Maynard, Massachusetts--(Newsfile Corp. - February 14, 2024) - AquaBounty Technologies, Inc. (NASDAQ: AQB) ("AquaBounty" or the "Company"), a land-based aquaculture company utilizing technology to enhance productivity and sustainability, today announced an update on the Company's fundraising efforts.As previously announced in November 2023, AquaBounty has been exploring a wide range of financing alternatives to strengthen its balance sheet and increase its cash position. Today, the Company is announcing that, as a first step in this process, it has made the decision...
2024-02-14 8:00 AM EST
AquaBounty Technologies Announces Third Quarter 2023 Financial Results
Maynard, Massachusetts--(Newsfile Corp. - November 7, 2023) - AquaBounty Technologies, Inc. (NASDAQ: AQB) ("AquaBounty" or the "Company"), a land-based aquaculture company utilizing technology to enhance productivity and sustainability, today announced the Company's financial results for the third quarter and nine months ended September 30, 2023.Third Quarter 2023 Highlights and Recent DevelopmentsGenerated $733 thousand in product revenue in the third quarter, a year-over-year increase of 12% as compared to $653 thousand in the third quarter of 2022; Net loss in the...
2023-11-07 8:00 AM EST
AquaBounty Technologies Announces Reverse Stock Split
Maynard, Massachusetts--(Newsfile Corp. - October 13, 2023) - AquaBounty Technologies, Inc. (NASDAQ: AQB) ("AquaBounty" or the "Company"), a land-based aquaculture company utilizing technology to enhance productivity and sustainability, today announced that its Board of Directors has approved a 1-for-20 reverse stock split of its common stock to be effective 12:01 a.m., Eastern Time, on October 16, 2023 and an associated reduction in the number of shares of Common Stock the Company is authorized to issue. AquaBounty expects its common stock...
2023-10-13 8:00 AM EDT
AquaBounty Technologies Announces Promotion of David F. Melbourne Jr. to President
Maynard, Massachusetts--(Newsfile Corp. - August 14, 2023) - AquaBounty Technologies, Inc. (NASDAQ: AQB) ("AquaBounty" or the "Company"), a land-based aquaculture company utilizing technology to enhance productivity and sustainability, today announced that with the ascension of Sylvia Wulf to the role of Board Chair and her continuing responsibilities as Chief Executive Officer of AquaBounty, David F. Melbourne Jr. has been promoted to the position of President."I am pleased to announce that Dave Melbourne will take on the position of President of...
2023-08-14 8:00 AM EDT
AquaBounty Technologies Announces Second Quarter 2023 Financial Results
Maynard, Massachusetts--(Newsfile Corp. - August 1, 2023) - AquaBounty Technologies, Inc. (NASDAQ: AQB) ("AquaBounty" or the "Company"), a land-based aquaculture company utilizing technology to enhance productivity and sustainability, today announced the Company's financial results for the second quarter and six months ended June 30, 2023.Second Quarter 2023 Highlights and Recent DevelopmentsGenerated $788 thousand in product revenue in the second quarter, a year-over-year decrease of 26% as compared to $1.1 million in the second quarter of 2022. Net loss in the...
2023-08-01 8:00 AM EDT
AquaBounty Technologies Announces First Quarter 2023 Financial Results
Maynard, Massachusetts--(Newsfile Corp. - May 4, 2023) - AquaBounty Technologies, Inc. (NASDAQ: AQB) ("AquaBounty" or the "Company"), a land-based aquaculture company utilizing technology to enhance productivity and sustainability, today announced the Company's financial results for the quarter ended March 31, 2023.First Quarter 2023 Highlights and Recent DevelopmentsGenerated $398 thousand in product revenue in the first quarter, a year-over-year decrease of 59% as compared to $963 thousand in the first quarter of 2022. Net loss in the first quarter of 2023...
2023-05-04 8:00 AM EDT