Welcome to our dedicated page for Aquabounty Technologies news (Ticker: AQB), a resource for investors and traders seeking the latest updates and insights on Aquabounty Technologies stock.
AquaBounty Technologies Inc. (AQB) pioneers sustainable aquaculture through land-based farming systems and genetic innovation. This dedicated news hub provides investors and industry stakeholders with essential updates on operational milestones, financial developments, and technological advancements in antibiotic-free salmon production.
Access timely reports on earnings announcements, regulatory updates, and strategic partnerships that shape AQB's position in the biotechnology-driven aquaculture sector. Our curated collection features press releases about production facility expansions, genetic research breakthroughs, and sustainability initiatives aligned with global food security goals.
Key updates include progress in recirculating aquaculture system (RAS) deployments, broodstock management innovations, and market expansion efforts. Monitor developments in AQB's vertically integrated operations – from egg incubation to harvest – that reduce environmental impact while enhancing production efficiency.
Bookmark this page for structured access to verified information about AquaBounty's bioscience applications and financial performance. Check regularly for objective updates on operational scaling, biosecurity enhancements, and industry recognition in sustainable protein production.
AquaBounty Technologies, Inc. (NASDAQ: AQB) announced the retirement of Richard J. Clothier from its Board of Directors, effective May 25, 2023. Clothier has been a pivotal figure in the agribusiness and biotechnology sectors, serving as Chairman since April 2006. Under his leadership, AquaBounty achieved significant milestones, including the launch of the first FDA-approved genetically engineered animal for human consumption. Sylvia Wulf, CEO, praised Clothier's contributions during his 17-year tenure. AquaBounty is currently progressing with the construction of a new farm in Pioneer, Ohio, enhancing its operational capacity in sustainable aquaculture.
AquaBounty Technologies (NASDAQ: AQB) reported its fourth quarter and full year 2022 financial results on March 7, showing a 167% increase in annual product revenue to $3.14 million, compared to $1.17 million in 2021. The fourth quarter product revenue rose by 8% to $451 thousand. The net loss for Q4 remained stable at $6.07 million, while the year-end loss decreased slightly to $22.16 million. Construction for the Pioneer, Ohio farm is progressing, with approval to increase bonds up to $425 million. The company holds $102.6 million in cash and equivalents as of December 31, 2022. CEO Sylvia Wulf emphasized the team's resilience despite operational challenges.
AquaBounty Technologies reported third quarter 2022 revenues of $653,000, a 44% increase from $455,000 in Q3 2021. Year-to-date revenue totaled $2.7 million, up 255% from $0.8 million in 2021. The net loss for Q3 was $5.4 million, down from $6.9 million in Q3 2021. The company is progressing with the Pioneer, Ohio farm construction and has secured a $425 million bond offering for financing. Cash and equivalents stood at $128 million as of September 30, 2022, down from $191.2 million at year-end 2021.
AquaBounty Technologies announced the issuance of a new Water Withdrawal and Consumptive Use Permit by the Ohio Department of Natural Resources, allowing water withdrawal of up to 5.25 million gallons per day at its Pioneer, Ohio farm. The Company will relinquish its previous permit from earlier this year. CEO Sylvia Wulf expressed satisfaction with the decision, highlighting AquaBounty's commitment to community engagement and sustainable aquaculture. This development marks a significant step forward in AquaBounty's operations in Ohio and its focus on environmental sustainability.
AquaBounty Technologies (NASDAQ: AQB) announced a virtual analyst day presentation scheduled for September 15, 2022, at 12:00 PM ET. CEO Sylvia Wulf and CFO David Frank will discuss key milestones, including the scale-up of harvests at their Indiana farm and the construction of a new farm in Ohio. The company aims to address the growing demand for high-quality seafood through innovative land-based farming and genetic engineering. Investors can access the presentation via a provided webcast link and join a Q&A session.
AquaBounty Technologies (AQB) announced a significant 371% increase in second-quarter product revenue, reaching $1.1 million compared to $227,000 in Q2 2021.
Despite this growth, the company reported a net loss of $5.5 million, slightly higher than the prior year's loss of $5.2 million.
Cash and equivalents decreased to $149.2 million from $191.2 million at the end of 2021.
The Ohio farm construction is progressing, with a focus on underground piping, although bond financing has been temporarily slowed for cost evaluation due to inflation and interest rate concerns.
