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
Metric | Beat/Miss | Actual | Consensus Estimate |
Q2 EPS | -$0.87 | ||
Q2 Net Income | -$3.40 mln |
Press Release: ID:nNFC3Lv6Kb
(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)
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