AquaBounty Q1 net loss widens to $1.2 million
AquaBounty Technologies Inc
AquaBounty Technologies Inc AQB | 0.00 |
- AquaBounty Technologies reported a net loss of USD 1.2 million, swinging from net income of USD 401,000 a year earlier.
- Operating loss narrowed 47% to USD 622,000, while general and administrative expense fell 46% to USD 622,000.
- Other expense was USD 303,000 versus other income of USD 2 million, reflecting loan-forgiveness gains recorded in the prior-year period.
- Cash totaled USD 441,000 at March 31, 2026; net cash used in operating activities improved 57% to USD 1.02 million.
- Management said primary remaining asset is Ohio Farm Project investment; company continues to explore strategic alternatives including a possible sale, following a Feb. 11 equity raise of USD 1.15 million.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. AquaBounty Technologies Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001603978-26-000066), on May 07, 2026, and is solely responsible for the information contained therein.
