Overview
* AquaBounty ( AQB ) 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/Mis Actual Consensu
s s
Estimate
Q2 EPS -$0.87
Q2 Net -$3.40
Income mln
Press Release:
(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.)