AquaBounty Technologies Announces Second Quarter 2024 Financial Results [Yahoo! Finance]
AquaBounty Technologies, Inc. (AQB)
Last aquabounty technologies, inc. earnings: 11/5 04:01 pm
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US:NASDAQ Investor Relations:
aquabounty.gcs-web.com/investor-overview
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Source: Yahoo! Finance
aquaculture company utilizing technology to enhance productivity and sustainability, today announced the Company's financial results for the second quarter and six months ended June 30, 2024. Second Quarter 2024 Highlights and Recent Developments Net loss in the second quarter of 2024 was up significantly at $50.5 million as compared to $6.5 million in the second quarter of 2023. The current period loss included a non-cash impairment charge of $44.5 million against the long-lived assets of the Indiana farm and certain equipment from the Ohio farm, which have been sold or made available for sale. Cash, cash equivalents and restricted cash totaled $0.7 million as of June 30, 2024, as compared to $9.2 million as of December 31, 2023. On April 18, 2024, the Company executed a bridge loan agreement for $10.0 million, secured by the assets of its Indiana and Ohio farms. The Company utilized $6.5 million from the facility, which was repaid on July 26, 2024. The sale of the Indiana
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Sec Filings
- 9/3/24 - Form 8-K
- 8/6/24 - Form 10-Q
- 8/6/24 - Form 8-K
- AQB's page on the SEC website