AquaBounty Technologies Third Quarter 2024 Earnings: Revenues Disappoint

AquaBounty Technologies (NASDAQ:AQB) Third Quarter 2024 Results

Key Financial Results

• Net loss: US$3.40m (loss narrowed by 45% from 3Q 2023).
• US$0.88 loss per share (improved from US$1.60 loss in 3Q 2023).

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

AquaBounty Technologies Earnings Insights

Looking ahead, revenue is forecast to grow 12% p.a. on average during the next 2 years, compared to a 21% growth forecast for the Biotechs industry in the US.

Performance of the American Biotechs industry.

The company's shares are down 1.4% from a week ago.

Risk Analysis

It is worth noting though that we have found 6 warning signs for AquaBounty Technologies (2 make us uncomfortable!) that you need to take into consideration.

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