AquaBounty Reports Significant Net Loss Of $50.5 Million In Q2 Financial Results
AquaBounty Technologies released its financial results for Q2, revealing a significant net loss of $50.5 million. To compare, during Q2 2023 the company reported a net loss of $6.5 million.
What caused the sharp increase in net loss? Blame it on the “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.”
"Our focus during the second quarter was...
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