AquaBounty Technologies Second Quarter 2024 Earnings: Revenues Beat Expectations, EPS Lags

AquaBounty Technologies (NASDAQ:AQB) Second Quarter 2024 Results

Key Financial Results

• Net loss: US$50.5m (loss widened by US$44.0m from 2Q 2023).
• US$13.09 loss per share (further deteriorated from US$1.83 loss in 2Q 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

AquaBounty Technologies Revenues Beat Expectations, EPS Falls Short

Revenue exceeded analyst estimates by 80%. Earnings per share (EPS) missed analyst estimates significantly.

Looking ahead, revenue is expected to decline by 65% p.a. on average during the next 2 years, while revenues in the Biotechs industry in the US are expected to grow by 18%.

Performance of the American Biotechs industry.

The company's shares are down 15% from a week ago.

Risk Analysis

We should say that we've discovered 5 warning signs for AquaBounty Technologies (2 are potentially serious!) that you should be aware of before investing here.

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