AQB

Harvard, Massachusetts--(Newsfile Corp. - October 28, 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 third quarter and nine months ended September 30, 2025. Third Quarter 2025 Highlights Net loss for the quarter ended September 30, 2025 was $1.4 million compared to a net loss of $3.4 million for the quarter ended September 30, 2024. Included in the net loss for the current period was a non-cash asset impairment charge of $69 thousand related to certain equipment ("Ohio Equipment Assets") originally intended for the Company's farm in Pioneer, Ohio ("Ohio Farm Project"). Cash and cash equivalents totaled $951 thousand as of September 30, 2025, as compared to $230 thousand as of December 31, 2024. Ohio Farm Update As previously reported, the Company's subsidiary, AquaBounty Farms Ohio LLC (the "Ohio Farm"), received its water withdrawal and consumptive use permit and was working to secure its wastewater discharge permit. On September 12, 2025, the Ohio Farm received a wastewater discharge permit from the Ohio Environmental Protection Agency. Additionally, the Ohio Farm had been working with the Village of Pioneer ("Village") to secure the necessary approvals to place its water and wastewater transmission lines through an existing right-of-way controlled by Williams County ("County"). On October 9, 2025, the Village received its right-of-way permit from the County for the Ohio Farm's water lines. "With the receipt of these permits, our Ohio farm project is now fully permitted for its designed activities as a land-based, recirculating aquaculture system farm operation," commented David Frank, Chief Financial Officer and Interim Chief Executive Officer. "These developments will allow us to move forward with our investment banker on strategic alternatives for our Ohio farm project." "We will continue to keep all stakeholders apprised of our progress," concluded Frank. About AquaBounty At AquaBounty Technologies, Inc. (NASDAQ: AQB), we are a pioneer in land-based aquaculture. We have located our land-based recirculating aquaculture system farm close to key consumption markets and designed it to prevent disease and to include multiple levels of fish containment to protect wild f...

Harvard, Massachusetts--(Newsfile Corp. - August 5, 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 second quarter and six months ended June 30, 2025. Second Quarter 2025 Highlights Net loss for the quarter ended June 30, 2025 was $3.4 million compared to a net loss of $50.5 million for the quarter ended June 30, 2024. Included in the net loss for the current period was a non-cash asset impairment charge of $1.2 million related to certain equipment ("Ohio Equipment Assets") originally intended for the Company's farm in Pioneer, Ohio ("Ohio Farm Project"). On June 11, 2025, the Company completed the sale of certain Ohio Equipment Assets for net proceeds of $2.4 million. Cash and cash equivalents totaled $730 thousand as of June 30, 2025, as compared to $230 thousand as of December 31, 2024. "During the second quarter, we continued to sell available Ohio Equipment Assets to generate cash for the Company," commented David Frank, Chief Financial Officer and Interim Chief Executive Officer. "On June 11, 2025, we completed the sale of certain Ohio Equipment Assets for net proceeds of $2.4 million, after deducting commissions and fees. This transaction provided us with the liquidity to continue to work with our investment banker to pursue strategic alternatives for our Ohio Farm Project." "We will continue to keep all stakeholders apprised of our progress," concluded Frank. About AquaBounty At AquaBounty Technologies, Inc. (NASDAQ: AQB), we are a pioneer in land-based aquaculture. We have located our land-based recirculating aquaculture system farm close to key consumption markets and designed it to prevent disease and to include multiple levels of fish containment to protect wild fish populations. For more information on AquaBounty, please visit www.aquabounty.com. Forward-Looking Statements This press release contains "forward-looking statements" as defined in the Private Securities Litigation Reform Act of 1995, as amended, including regarding the wind down of the Company's farming operations and its ability to sell available assets. The forward-looking statements in this press release are neither promises nor guarantees, and you should not place undue reliance on these stat...

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 Highlights Net 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 gain of $2.0 million on the forgiveness of an outstanding loan. On February 11, 2025, the Company completed the sale of certain equipment originally intended for its farm in Pioneer, Ohio ("Ohio Equipment Assets") for net proceeds of $2.3 million and recognized a net gain on the sale of $307 thousand. On March 3, 2025, the Company completed the sale of its Canadian subsidiary, including the broodstock farms on Prince Edward Island, Canada ("Canadian Farms") and the Company's intellectual property for its genetically engineered Atlantic salmon, along with trademarks and patents ("Corporate IP"), for net proceeds of $1.9 million. Cash, cash equivalents and restricted cash totaled $1.4 million as of March 31, 2025, as compared to $230 thousand as of December 31, 2024. "As stated in our previous announcement, AquaBounty plans to continue to work with our investment banker to assess strategic alternatives for our partially constructed farm in Pioneer, Ohio ("Ohio Farm Project") and to market and sell available Ohio Equipment Assets to generate cash," commented David Frank, Chief Financial Officer and Interim Chief Executive Officer. "On February 11, 2025, we completed the sale of certain Ohio Equipment Assets that had been purchased for our Ohio Farm Project for net proceeds of $2.3 million, after deducting commissions and fees. On March 3, 2025, we completed the sale of our Canadian Farms, including the Company's Corporate IP, for net proceeds of $1.9 million, after deducting commissions, fees and the assumption of $3.2 million in outstanding loans. These transactions have provided us with the liquidity to continue to pursue strategic alternatives for our Ohio Farm Project." "We will continue to keep all stakeholders apprised of our progress," concluded Frank. About AquaBounty At AquaBounty Technologies, Inc. (NASDAQ: AQB), we are...

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 Developments For 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 Farm") in July and began to wind down its fish rearing operations at its two Canadian farm sites ("Canadian Farms") in December. Both the Indiana Farm and Canadian Farms have been designated as discontinued operations. Net loss for the year ended December 31, 2024 increased to $149.2 million compared to $27.6 million in 2023. Included in the loss for 2024 were asset impairment charges of $129.8 million related to the Company's Indiana Farm, Canadian Farms, Ohio equipment assets ("Ohio Equipment Assets"), Ohio farm construction site ("Ohio Farm Site") (together with Ohio Equipment Assets, the "Ohio Farm Project"), and corporate intellectual property ("Corporate IP"). Construction activities for the Ohio Farm Site remained on pause throughout 2024, pending new sources of financing. Cash, cash equivalents and restricted cash totaled $230 thousand as of December 31, 2024, as compared to $9.2 million as of December 31, 2023. On February 11, 2025, the Company completed an auction of certain Ohio Equipment Assets for net proceeds of $2.2 million. On March 3, 2025, the Company completed the sale of its Canadian Farms and Corporate IP for net proceeds of $1.9 million. "AquaBounty entered 2024 with the goal of raising new funds to allow for the recommencement of construction activities at our Ohio Farm Site, but ultimately our efforts were unsuccessful," stated David Frank, Chief Financial Officer and Interim Chief Executive Officer. "We therefore had to pivot our focus to selling non-core assets to generate liquidity. We completed the sale of our Indiana Farm in July, and we sold various Ohio Equipment Assets throughout the balance of the year. However, these efforts did not generate enough cash to maintain our operating facilities, and thus we had no alternative but to close down our remaining Cana...