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Stock impact report

AquaBounty Technologies Announces Fourth Quarter and Full Year 2023 Financial Results [Yahoo! Finance]

AquaBounty Technologies, Inc. (AQB) 
Last aquabounty technologies, inc. earnings: 11/5 04:01 pm Check Earnings Report
US:NASDAQ Investor Relations: aquabounty.gcs-web.com/investor-overview
Company Research Source: Yahoo! Finance
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. For the year ended December 31, 2023, product revenue totaled $2.47 million, a year-over-year decrease of 21% as compared to $3.14 million in 2022. Net loss in the fourth quarter was up significantly at $8.42 million for 2023 as compared to $6.07 million in the fourth quarter of 2022. For the year ended December 31, 2023, net loss increased to $27.56 million, as compared to $22.16 million in 2022. Construction activities for the Pioneer, Ohio farm site were paused in June, due to a significant increase in the expected construction cost. The Company is pursuing n Show less Read more
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