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 of the Indiana farm. Cash, cash equivalents and restricted cash totaled $500 thousand as of September 30, 2024, as compared to $9.2 million

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 farm, located on Prince Edward Island in Canada, was purchased by the Company in 2016 and further developed into a broodstock

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 a non-cash impairment charge of $44.5 million against the long-lived assets of the Indiana farm and certain equipment from the Ohio farm,

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 Dave Melbourne will assume the position of President and Chief Executive Officer of AquaBounty, effective immediately," said Wulf. "This move has been part of

MAYNARD, Mass., June 02, 2023 (GLOBE NEWSWIRE) -- AquaBounty Technologies, Inc. (NASDAQ:AQB) ("AquaBounty" or the "Company"), a land-based aquaculture company utilizing technology to enhance operational performance and sustainability, announced today that the Company will pause the construction of its farm in Pioneer, Ohio due to a substantial increase in its estimated cost of completion. The Company will now take the required time to evaluate the timing and cost of size and scope alternatives, including a phased approach to complete the project.      Sylvia Wulf, Chief Executive Officer of AquaBounty, said: "During the past three years, AquaBounty has been working with its design and con

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 was $6.5 million, as compared to $5.1 million in the first quarter of 2022.Construction activities for the Pioneer, Ohio farm site conti

MAYNARD, Mass., March 30, 2023 (GLOBE NEWSWIRE) -- AquaBounty Technologies, Inc. (NASDAQ:AQB) ("AquaBounty" or the "Company"), a land-based aquaculture company utilizing technology to enhance productivity and sustainability, today announced that Richard J. Clothier will retire from the AquaBounty Board of Directors and will not stand for reelection at the Company's Annual Shareholder Meeting on May 25, 2023. Mr. Clothier has extensive experience in the agribusiness and biotechnology sectors, having served as Chairman of the Board of Directors of AquaBounty since April 2006, as Chairman of Robinson Plc from 2004 to 2018, and Chairman of Spearhead International Ltd from 2005 to 2015. Mr. Cl

MAYNARD, Mass., March 07, 2023 (GLOBE NEWSWIRE) -- 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, 2022. Fourth Quarter and Full Year 2022 Highlights and Recent Developments Generated $451 thousand in product revenue in the fourth quarter, a year-over-year increase of 8% as compared to $418 thousand in the fourth quarter of 2021. For the year ended December 31, 2022, product revenue totaled $3.14 million, a year-over-year increase of 167% as compared to $1.1

MAYNARD, Mass., Nov. 08, 2022 (GLOBE NEWSWIRE) -- 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, 2022. Third Quarter and Year-to-Date 2022 Highlights and Recent Developments Generated $653 thousand in product revenue in the third quarter, a year-over-year increase of 44% as compared to $455 thousand in the third quarter of 2021. In the nine-month period ended September 30, 2022, product revenue totaled $2.7 million, a year-over-year increase of 255% as compar

MAYNARD, Mass., Oct. 04, 2022 (GLOBE NEWSWIRE) -- AquaBounty Technologies, Inc. (NASDAQ:AQB) ("AquaBounty" or the "Company"), a land-based aquaculture company utilizing technology to enhance productivity and sustainability, today announced the Ohio Department of Natural Resources (ODNR) Division of Water Resources has issued a new Withdrawal and Consumptive Use Permit to AquaBounty Farms Ohio LLC, enabling necessary water use at the Company's Pioneer, Ohio Farm. This permit authorizes water withdrawal up to 5.25 million gallons per day (MGD) and the consumptive use authorized by the permit shall not exceed 0.065 MGD. Now that the new permit has been issued, AquaBounty will relinquish the

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- Form 8-K

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.

HC Wainwright & Co. analyst Kevin Dede reiterates AquaBounty Techs (NASDAQ:AQB) with a Neutral.

Oppenheimer analyst Kristen Owen maintains AquaBounty Techs (NASDAQ:AQB) from Perform to Perform.

AquaBounty Techs (NASDAQ:AQB) reported quarterly losses of $(2.19) per share which missed the analyst consensus estimate of $(1.53) by 43.14 percent. This is a 36.87 percent decrease over losses of $(1.60) per share from the same period last year. The company reported quarterly sales of $553.25 thousand which missed the analyst consensus estimate of $730.00 thousand by 24.21 percent. This is a 22.69 percent increase over sales of $450.94 thousand the same period last year.

AquaBounty Techs (NASDAQ:AQB) reported its Q4 earnings results on Monday, April 1, 2024 at 08:00 AM. Here's what investors need to know about the announcement. Earnings AquaBounty Techs missed estimated earnings by -43.0%, reporting an EPS of $-2.19 versus an estimate of $-1.53. Revenue was up $102 thousand from the same period last year. Past Earnings Performance Last quarter the company beat on EPS by $0.4 which was followed by a 10.0% drop in the share price the next day. Here's a look at AquaBounty Techs's past performance: Quarter Q3 2023 Q2 2023 Q1 2023 Q4 2022 EPS Estimate -2 -1.6 -1.6 -1.6 EPS Actual -1.6 -1.8 -1.8 -1.6 Revenue Estimate 700K 470K 750K 830K Revenue Actual

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