AquaBounty Q2 net loss narrows to $3.4 mln

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

Press Release: ID:nNFC3Lv6Kb