AquaBounty Technologies Reports Reduced Losses and Restructuring Efforts in Q2 2025

AquaBounty Technologies, Inc. reported a significant reduction in its financial losses for the second quarter of 2025, with a net loss of $3.37 million compared to a net loss of $50.51 million in the same period of 2024. For the first half of 2025, the company recorded a net loss of $2.97 million, down from $61.67 million in the prior year. The decrease in losses is attributed to a substantial reduction in operating expenses, particularly in general and administrative costs, which fell by 44% year-over-year to $1.77 million for the quarter. The company did not generate any revenue during the quarter, reflecting its strategic shift following the sale of its Indiana and Canadian farms.

In terms of operational changes, AquaBounty has undergone a significant restructuring, including the sale of its Indiana Farm in July 2024 and its Canadian Farms in March 2025. These sales have been classified as discontinued operations, leading to a streamlined focus on its remaining assets, primarily the Ohio Farm Project. As of June 30, 2025, the company had $729,569 in cash and cash equivalents, a notable increase from $230,362 at the end of 2024, indicating improved liquidity. However, the company continues to face challenges, including an accumulated deficit of $372.74 million and ongoing concerns about its ability to continue as a going concern without additional capital.

AquaBounty's total current assets decreased to $3.95 million as of June 30, 2025, down from $11.34 million at the end of 2024, primarily due to the reclassification of assets held for sale. The company reported total liabilities of $13.04 million, a decrease from $18.22 million at the end of the previous year, largely due to the reduction in current debt and liabilities associated with discontinued operations. The company’s operational metrics reflect a significant shift, with no sales and marketing or research and development expenses reported for the quarter, as these functions have been largely eliminated following the divestitures.

Looking ahead, AquaBounty is actively seeking new funding sources to support its operations and realize the potential of its remaining assets. The company has engaged an investment bank to explore strategic alternatives, including potential partnerships or new investments in the Ohio Farm Project. The management has indicated that the ability to raise additional capital is critical for the company's future, and there is no assurance that such capital will be available on favorable terms. The company’s outlook remains cautious, with substantial doubt about its ability to continue operations without securing further funding.