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AquaBounty Technologies, Inc. AQB
Consumer Defensive - Agricultural Farm Products - NASDAQ - US
Watchlist
$ 0.7099
1.43 %
$ 2.74 M
Market Cap
-0.04
P/E
1. INTRINSIC VALUE

This DCF valuation model was last updated on Jan, 31, 2025.

The intrinsic value of one AQB stock under the worst case scenario is HIDDEN Compared to the current market price of 0.71 USD, AquaBounty Technologies, Inc. is HIDDEN

AQB Intrinsic Value
HIDDEN
SHOW

This DCF valuation model was last updated on Jan, 31, 2025.

The intrinsic value of one AQB stock under the base case scenario is HIDDEN Compared to the current market price of 0.71 USD, AquaBounty Technologies, Inc. is HIDDEN

AQB Intrinsic Value
HIDDEN
SHOW

This DCF valuation model was last updated on Jan, 31, 2025.

The intrinsic value of one AQB stock under the best case scenario is HIDDEN Compared to the current market price of 0.71 USD, AquaBounty Technologies, Inc. is HIDDEN

AQB Intrinsic Value
HIDDEN
SHOW
2. FUNDAMENTAL ANALYSIS

Price Chart AQB

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1M 13%
6M -124%
1Y -262%
3Y -4464%
5Y -5535%
All
FINANCIALS
2.47 M REVENUE
-21.18%
Growth Rates
1Year -21.18%
3Years 168.55%
5Years 96.45%
7Years 0.00%
10Years 0.00%
-27.3 M OPERATING INCOME
-22.37%
Growth Rates
1Year -22.37%
3Years -18.91%
5Years -21.38%
7Years -19.04%
10Years -18.81%
-27.6 M NET INCOME
-24.37%
Growth Rates
1Year -24.37%
3Years -18.89%
5Years -21.56%
7Years -18.36%
10Years -19.38%
-24.2 M OPERATING CASH FLOW
-15.37%
Growth Rates
1Year -15.37%
3Years -19.26%
5Years -19.81%
7Years -18.36%
10Years -18.45%
-68.9 M INVESTING CASH FLOW
-200.56%
Growth Rates
1Year -200.56%
3Years -177.09%
5Years -75.98%
7Years -81.22%
10Years -85.64%
-308 K FINANCING CASH FLOW
-89.94%
Growth Rates
1Year -89.94%
3Years -0.09%
5Years -0.37%
7Years -0.41%
10Years -0.49%
47.8 K REVENUE
-73.46%
Growth Rates
1Year -21.18%
3Years 168.55%
5Years 96.45%
7Years 0.00%
10Years 0.00%
-2.36 M OPERATING INCOME
53.26%
Growth Rates
1Year -22.37%
3Years -18.91%
5Years -21.38%
7Years -19.04%
10Years -18.81%
-3.4 M NET INCOME
93.26%
Growth Rates
1Year -24.37%
3Years -18.89%
5Years -21.56%
7Years -18.36%
10Years -19.38%
-4 M OPERATING CASH FLOW
7.49%
Growth Rates
1Year -15.37%
3Years -19.26%
5Years -19.81%
7Years -18.36%
10Years -18.45%
8.68 M INVESTING CASH FLOW
1297.94%
Growth Rates
1Year -200.56%
3Years -177.09%
5Years -75.98%
7Years -81.22%
10Years -85.64%
-4.91 M FINANCING CASH FLOW
-224.35%
Growth Rates
1Year -89.94%
3Years -0.09%
5Years -0.37%
7Years -0.41%
10Years -0.49%
Balance Sheet AquaBounty Technologies, Inc.
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Current Assets 11.6 M
Cash & Short-Term Investments 8.21 M
Receivables 86 K
Other Current Assets 3.34 M
Non-Current Assets 176 M
Long-Term Investments 0
PP&E 175 M
Other Non-Current Assets 1.25 M
Current Liabilities 14.6 M
Accounts Payable 13 M
Short-Term Debt 826 K
Other Current Liabilities 755 K
Non-Current Liabilities 7.96 M
Long-Term Debt 7.96 M
Other Non-Current Liabilities 0
EFFICIENCY
Earnings Waterfall AquaBounty Technologies, Inc.
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Revenue 2.47 M
Cost Of Revenue 15.3 M
Gross Profit -12.8 M
Operating Expenses 14.5 M
Operating Income -27.3 M
Other Expenses 241 K
Net Income -27.6 M
RATIOS
-518.02% GROSS MARGIN
-518.02%
Averages
1Year -518.02%
3Years -556.88%
5Years -1723.40%
7Years -1229.26%
10Years -860.48%
-1104.75% OPERATING MARGIN
-1104.75%
Averages
1Year -1104.75%
3Years -1233.12%
5Years -4696.75%
7Years -7582.36%
10Years -5307.65%
-1114.50% NET MARGIN
-1114.50%
Averages
1Year -1114.50%
3Years -1250.79%
5Years -4768.59%
7Years -7643.54%
10Years -5350.48%
-16.70% ROE
-16.70%
Averages
1Year -16.70%
3Years -12.93%
5Years -21.84%
7Years -29.34%
10Years 1182.71%
-14.69% ROA
-14.69%
Averages
1Year -14.69%
3Years -11.65%
5Years -18.42%
7Years -24.09%
10Years -69.15%
-15.72% ROIC
-15.72%
Averages
1Year -15.72%
3Years -12.28%
5Years -19.23%
7Years -25.53%
10Years -82.77%
FREE CASH FLOW ANALYSIS
Free Cash Flow Analysis AquaBounty Technologies, Inc.
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Net Income -27.6 M
Depreciation & Amortization 2.16 M
Capital Expenditures -68.9 M
Stock-Based Compensation 542 K
Change in Working Capital 605 K
Others 125 K
Free Cash Flow -93.1 M
3. WALL STREET ANALYSTS ESTIMATES
Wall Street Analysts Price Targets AquaBounty Technologies, Inc.
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Wall Street analysts predict an average 1-year price target for AQB of $3 , with forecasts ranging from a low of $2 to a high of $4 .
AQB Lowest Price Target Wall Street Target
2 USD 181.73%
AQB Average Price Target Wall Street Target
3 USD 322.59%
AQB Highest Price Target Wall Street Target
4 USD 463.46%
4. DIVIDEND ANALYSIS
5. COMPETITION

Adecoagro S.A. operates as an agro-industrial company in South America. It engages in farming crops and other agricultural products, dairy operations, and land transformation activities, as well as sugar, ethanol, and energy production activities.

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56.9 USD
AGRO
Undervalued 483.63%

Local Bounti Corporation grows fresh greens and herbs in the United States. It produces lettuce, herbs, and loose-leaf lettuce. The company sells its products to food retailers and food service distributors.

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-2.81 K USD
LOCL
Overvalued 129035.35%

AgriFORCE Growing Systems Ltd., an agriculture-focused technology company, focuses on the development and commercialization of plant-based ingredients and products for businesses and consumers that deliver healthier and nutritious solutions.

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-618 USD
AGRI
Overvalued 26503.25%

Limoneira Company operates as an agribusiness and real estate development company in the United States and internationally. The company operates through three divisions: Agribusiness, Rental Operations, and Real Estate Development.

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15.9 USD
LMNR
Overvalued 31.46%
6. Ownership
Insider Ownership AquaBounty Technologies, Inc.
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Sold
0-3 MONTHS
0 USD 0
3-6 MONTHS
0 USD 0
6-9 MONTHS
0 USD 0
9-12 MONTHS
0 USD 0
Bought
0 USD 0
0-3 MONTHS
0 USD 0
3-6 MONTHS
0 USD 0
6-9 MONTHS
0 USD 0
9-12 MONTHS
Date Value Insider Amount Avg Price
2 years ago
Dec 23, 2022
Bought 8.9 K USD
Myers Gail Sharps
Director
+ 10000
 0.89 USD
2 years ago
Dec 22, 2022
Bought 0.85 USD
Myers Gail Sharps
Director
+ 1
 0.85 USD
2 years ago
Dec 20, 2022
Bought 7.78 K USD
St.Clare Christine
Director
+ 10000
 0.7783 USD
2 years ago
Dec 16, 2022
Bought 1.54 K USD
Alvarez Ricardo J
Director
+ 2084
 0.74 USD
2 years ago
Dec 16, 2022
Bought 14.8 K USD
Stern Michael K
Director
+ 20000
 0.74 USD
2 years ago
Dec 19, 2022
Bought 100 K USD
Sharp Erin S
Director
+ 130000
 0.77 USD
2 years ago
Dec 19, 2022
Bought 1.1 K USD
Sharp Erin S
Director
+ 1500
 0.73 USD
2 years ago
Dec 15, 2022
Bought 2.79 K USD
Alvarez Ricardo J
Director
+ 3871
 0.72 USD
2 years ago
Dec 15, 2022
Bought 6.11 K USD
Wulf Sylvia
CEO & Director
+ 8903
 0.6862 USD
2 years ago
Dec 14, 2022
Bought 711 USD
Wulf Sylvia
CEO & Director
+ 1097
 0.6482 USD
2 years ago
Dec 14, 2022
Bought 2.67 K USD
Alvarez Ricardo J
Director
+ 4045
 0.66 USD
2 years ago
Dec 13, 2022
Bought 6.5 K USD
FRANK DAVID A
Chief Financial Officer
+ 10000
 0.65 USD
2 years ago
Dec 12, 2022
Bought 126 USD
Myers Gail Sharps
Director
+ 200
 0.63 USD
2 years ago
Dec 05, 2022
Bought 158 USD
Myers Gail Sharps
Director
+ 225
 0.7 USD
2 years ago
Jun 13, 2022
Bought 24 K USD
Stern Michael K
director:
+ 15000
 1.6 USD
3 years ago
Nov 23, 2021
Sell 9.96 M USD
KIRK ALANA
director, 10 percent owner:
- 4742552
 2.1 USD
3 years ago
Nov 23, 2021
Sell 8.97 M USD
KIRK ALANA
director, 10 percent owner:
- 4269495
 2.1 USD
3 years ago
Nov 23, 2021
Sell 2.11 M USD
KIRK ALANA
director, 10 percent owner:
- 1002663
 2.1 USD
3 years ago
Nov 23, 2021
Sell 2.06 M USD
KIRK ALANA
director, 10 percent owner:
- 980473
 2.1 USD
3 years ago
Nov 23, 2021
Sell 934 K USD
KIRK ALANA
director, 10 percent owner:
- 444702
 2.1 USD
3 years ago
Nov 23, 2021
Sell 588 K USD
KIRK ALANA
director, 10 percent owner:
- 280018
 2.1 USD
3 years ago
Nov 23, 2021
Sell 586 K USD
KIRK ALANA
director, 10 percent owner:
- 279121
 2.1 USD
3 years ago
Nov 23, 2021
Sell 585 K USD
KIRK ALANA
director, 10 percent owner:
- 278618
 2.1 USD
3 years ago
Nov 23, 2021
Sell 524 K USD
KIRK ALANA
director, 10 percent owner:
- 249384
 2.1 USD
3 years ago
Nov 23, 2021
Sell 141 K USD
KIRK ALANA
director, 10 percent owner:
- 67291
 2.1 USD
3 years ago
Nov 23, 2021
Sell 114 K USD
KIRK ALANA
director, 10 percent owner:
- 54462
 2.1 USD
3 years ago
Nov 23, 2021
Sell 111 K USD
KIRK ALANA
director, 10 percent owner:
- 53028
 2.1 USD
3 years ago
Nov 23, 2021
Sell 111 K USD
KIRK ALANA
director, 10 percent owner:
- 52859
 2.1 USD
3 years ago
Nov 23, 2021
Sell 70 K USD
KIRK ALANA
director, 10 percent owner:
- 33347
 2.1 USD
3 years ago
Nov 23, 2021
Sell 55.5 K USD
KIRK ALANA
director, 10 percent owner:
- 26430
 2.1 USD
3 years ago
Nov 23, 2021
Sell 38 K USD
KIRK ALANA
director, 10 percent owner:
- 18082
 2.1 USD
3 years ago
Nov 23, 2021
Sell 30.8 K USD
KIRK ALANA
director, 10 percent owner:
- 14644
 2.1 USD
3 years ago
Nov 23, 2021
Sell 19 K USD
KIRK ALANA
director, 10 percent owner:
- 9042
 2.1 USD
3 years ago
Nov 23, 2021
Sell 18.5 K USD
KIRK ALANA
director, 10 percent owner:
- 8810
 2.1 USD
3 years ago
Nov 23, 2021
Sell 15.4 K USD
KIRK ALANA
director, 10 percent owner:
- 7323
 2.1 USD
3 years ago
Nov 23, 2021
Sell 6.92 K USD
KIRK ALANA
director, 10 percent owner:
- 3294
 2.1 USD
3 years ago
Nov 23, 2021
Sell 4.75 K USD
KIRK ALANA
director, 10 percent owner:
- 2262
 2.1 USD
3 years ago
Nov 23, 2021
Sell 2.63 K USD
KIRK ALANA
director, 10 percent owner:
- 1251
 2.1 USD
3 years ago
Nov 23, 2021
Sell 1.31 K USD
KIRK ALANA
director, 10 percent owner:
- 626
 2.1 USD
3 years ago
Nov 23, 2021
Sell 439 USD
KIRK ALANA
director, 10 percent owner:
- 209
 2.1 USD
3 years ago
Nov 23, 2021
Sell 29.4 USD
KIRK ALANA
director, 10 percent owner:
- 14
 2.1 USD
3 years ago
Nov 23, 2021
Sell 9.96 M USD
KIRK RANDAL J
10 percent owner
- 4742552
 2.1 USD
3 years ago
Nov 23, 2021
Sell 8.97 M USD
KIRK RANDAL J
10 percent owner
- 4269495
 2.1 USD
3 years ago
Nov 23, 2021
Sell 2.11 M USD
KIRK RANDAL J
10 percent owner
- 1002663
 2.1 USD
3 years ago
Nov 23, 2021
Sell 2.06 M USD
KIRK RANDAL J
10 percent owner
- 980473
 2.1 USD
3 years ago
Nov 23, 2021
Sell 934 K USD
KIRK RANDAL J
10 percent owner
- 444702
 2.1 USD
3 years ago
Nov 23, 2021
Sell 588 K USD
KIRK RANDAL J
10 percent owner
- 280018
 2.1 USD
3 years ago
Nov 23, 2021
Sell 586 K USD
KIRK RANDAL J
10 percent owner
- 279121
 2.1 USD
3 years ago
Nov 23, 2021
Sell 585 K USD
KIRK RANDAL J
10 percent owner
- 278618
 2.1 USD
3 years ago
Nov 23, 2021
Sell 524 K USD
KIRK RANDAL J
10 percent owner
- 249384
 2.1 USD
3 years ago
Nov 23, 2021
Sell 141 K USD
KIRK RANDAL J
10 percent owner
- 67291
 2.1 USD
3 years ago
Nov 23, 2021
Sell 114 K USD
KIRK RANDAL J
10 percent owner
- 54462
 2.1 USD
3 years ago
Nov 23, 2021
Sell 111 K USD
KIRK RANDAL J
10 percent owner
- 53028
 2.1 USD
3 years ago
Nov 23, 2021
Sell 111 K USD
KIRK RANDAL J
10 percent owner
- 52859
 2.1 USD
3 years ago
Nov 23, 2021
Sell 70 K USD
KIRK RANDAL J
10 percent owner
- 33347
 2.1 USD
3 years ago
Nov 23, 2021
Sell 55.5 K USD
KIRK RANDAL J
10 percent owner
- 26430
 2.1 USD
3 years ago
Nov 23, 2021
Sell 38 K USD
KIRK RANDAL J
10 percent owner
- 18082
 2.1 USD
3 years ago
Nov 23, 2021
Sell 30.8 K USD
KIRK RANDAL J
10 percent owner
- 14644
 2.1 USD
3 years ago
Nov 23, 2021
Sell 19 K USD
KIRK RANDAL J
10 percent owner
- 9042
 2.1 USD
3 years ago
Nov 23, 2021
Sell 18.5 K USD
KIRK RANDAL J
10 percent owner
- 8810
 2.1 USD
3 years ago
Nov 23, 2021
Sell 15.4 K USD
KIRK RANDAL J
10 percent owner
- 7323
 2.1 USD
3 years ago
Nov 23, 2021
Sell 6.92 K USD
KIRK RANDAL J
10 percent owner
- 3294
 2.1 USD
3 years ago
Nov 23, 2021
Sell 4.75 K USD
KIRK RANDAL J
10 percent owner
- 2262
 2.1 USD
3 years ago
Nov 23, 2021
Sell 2.63 K USD
KIRK RANDAL J
10 percent owner
- 1251
 2.1 USD
3 years ago
Nov 23, 2021
Sell 1.31 K USD
KIRK RANDAL J
10 percent owner
- 626
 2.1 USD
3 years ago
Nov 23, 2021
Sell 439 USD
KIRK RANDAL J
10 percent owner
- 209
 2.1 USD
3 years ago
Nov 23, 2021
Sell 29.4 USD
KIRK RANDAL J
10 percent owner
- 14
 2.1 USD
3 years ago
Mar 10, 2021
Sell 0 USD
Olsen Angela M
General Counsel & Corp Sec
- 5938
 0 USD
4 years ago
Dec 14, 2020
Bought 65 K USD
HUBER RICHARD L
Director
+ 10000
 6.5 USD
4 years ago
Aug 11, 2020
Bought 10 M USD
Czypinski Alana
director, 10 percent owner:
+ 4000000
 2.5 USD
4 years ago
Aug 11, 2020
Bought 10 M USD
KIRK RANDAL J
10 percent owner
+ 4000000
 2.5 USD
4 years ago
Aug 11, 2020
Bought 100 K USD
HUBER RICHARD L
Director
+ 40000
 2.5 USD
4 years ago
Aug 11, 2020
Bought 30 K USD
TURK JAMES C JR
Director
+ 12000
 2.5 USD
4 years ago
Aug 11, 2020
Bought 3 K USD
Sterling Rick L.
Director
+ 1200
 2.5 USD
4 years ago
Aug 11, 2020
Bought 20 K USD
FRANK DAVID A
See Remarks
+ 8000
 2.5 USD
4 years ago
Feb 13, 2020
Bought 7.76 M USD
KIRK RANDAL J
10 percent owner
+ 5175000
 1.5 USD
4 years ago
Feb 13, 2020
Bought 52.5 K USD
FRANK DAVID A
See Remarks
+ 35000
 1.5 USD
7 years ago
Jan 17, 2018
Bought 5 M USD
KIRK RANDAL J
10 percent owner
+ 1538461
 3.25 USD
7 years ago
Jan 17, 2018
Bought 5 M USD
KIRK RANDAL J
10 percent owner
+ 1538461
 3.25 USD
8 years ago
Jan 18, 2017
Bought 25 M USD
KIRK RANDAL J
10 percent owner
+ 2421073
 10.33 USD
7. News
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 substantially all personnel over the course of the next several weeks," stated David Frank, Chief Financial Officer and Interim Chief Executive Officer. newsfilecorp.com - 1 month ago
AquaBounty Technologies, Inc. (AQB) Reports Q3 Loss, Misses Revenue Estimates AquaBounty Technologies, Inc. (AQB) came out with a quarterly loss of $0.88 per share versus the Zacks Consensus Estimate of a loss of $0.89. This compares to loss of $1.60 per share a year ago. zacks.com - 2 months ago
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 Developments Net 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. newsfilecorp.com - 2 months ago
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. newsfilecorp.com - 4 months ago
AquaBounty Technologies, Inc. (AQB) Reports Q2 Loss, Tops Revenue Estimates AquaBounty Technologies, Inc. (AQB) came out with a quarterly loss of $1.56 per share versus the Zacks Consensus Estimate of a loss of $0.93. This compares to loss of $1.80 per share a year ago. zacks.com - 5 months ago
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 Developments Net 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. newsfilecorp.com - 5 months ago
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. newsfilecorp.com - 7 months ago
AquaBounty Technologies, Inc. (AQB) Reports Q1 Loss, Misses Revenue Estimates AquaBounty Technologies, Inc. (AQB) came out with a quarterly loss of $1.53 per share versus the Zacks Consensus Estimate of a loss of $1.42. This compares to loss of $1.80 per share a year ago. zacks.com - 8 months ago
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 Developments Net 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. newsfilecorp.com - 8 months ago
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 Developments Generated $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. newsfilecorp.com - 10 months ago
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. newsfilecorp.com - 11 months ago
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 Developments Generated $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 third quarter of 2023 was $6.1 million, as compared to $5.4 million in the third quarter of 2022; Cash and cash equivalents and restricted cash totaled $17.8 million as of September 30, 2023, as compared to $102.6 million as of December 31, 2022; and Entered into a Memorandum of Understanding with Noble Salmon to develop a salmon farm in the country of Georgia. newsfilecorp.com - 1 year ago
8. Profile Summary

AquaBounty Technologies, Inc. AQB

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COUNTRY US
INDUSTRY Agricultural Farm Products
MARKET CAP $ 2.74 M
Dividend Yield 0.00%
Description AquaBounty Technologies, Inc., a biotechnology company, focuses on enhancing productivity in the commercial aquaculture industry in the United States and Canada. The company engages in genetic, genomic, and fish health and nutrition research activities. It offers AquAdvantage Salmon, a bioengineered Atlantic salmon for human consumption; and sells conventional Atlantic salmon, salmon eggs, fry, and byproducts. The company was formerly known as Aqua Bounty Farms, Inc. and changed its name to AquaBounty Technologies, Inc. in June 2004. AquaBounty Technologies, Inc. was incorporated in 1991 and is headquartered in Maynard, Massachusetts.
Contact 2 Mill and Main Place, Maynard, MA, 01754 https://www.aquabounty.com
IPO Date Jan. 11, 2017
Employees 104
Officers Mr. David A. Frank M.B.A. Chief Financial Officer, Treasurer & Interim Chief Executive Officer Ms. Angela M. Olsen J.D. General Counsel & Corporate Secretary Dr. Chris Beattie Ph.D. Chief Scientific Officer Dave Conley Director of Communications Mr. Dennis Bryant Director of Sales