Investment Thesis
AquaBounty is in severe financial distress with persistent and deepening operational losses, critically low liquidity, and unsustainable burn rate. The company is generating minimal revenue ($705K) against substantial operating losses ($6M), with only $951K in cash against $11.9M in liabilities, creating an immediate solvency concern.
AQB Strengths
- Positive stockholders equity of $12.2M provides some asset cushion
- Debt/Equity ratio of 0.65x is moderate relative to equity base
- Operating in emerging biotech aquaculture sector with long-term growth potential
AQB Risks
- Critical liquidity crisis: Current ratio of 0.12x and Quick ratio of 0.08x indicate inability to meet short-term obligations
- Catastrophic cash burn: -$5.6M operating cash flow and -$8.5M free cash flow with only $951K cash on hand suggests runway of approximately 2 months
- Revenue collapse: 21.2% YoY decline to just $705K indicates market adoption failure and suggests business model viability concerns
- Structural unprofitability: -855.7% operating margin and -617.2% net margin show costs drastically exceed revenue
- Deteriorating financial position: Diluted EPS declined 439.1% YoY, signaling shareholder value destruction
- Zero insider activity suggests lack of management confidence in near-term prospects
Key Metrics to Watch
- Cash runway and timeline to capital raise or insolvency
- Monthly cash burn rate trend and operating cash flow stabilization
- Revenue growth trajectory and path to gross profitability
- Dilution from future financing rounds and impact on existing shareholders
- Management changes or strategic pivots indicating business model reassessment
AQB Financial Metrics
AQB Profitability Ratios
AQB Balance Sheet & Liquidity
AQB 5-Year Financial Trend
5-Year Trend Summary: AQUABOUNTY TECHNOLOGIES INC's revenue has grown significantly by 1,580% over the 5-year period, indicating strong business expansion. The most recent EPS of $-7.17 indicates the company is currently unprofitable.
AQB Growth Metrics (YoY)
AQB Quarterly Performance
| Quarter | Revenue | Net Income | EPS |
|---|---|---|---|
| Q3 2024 | $47.8K | -$3.4M | $-0.88 |
| Q2 2024 | $180.2K | -$6.5M | $-1.69 |
| Q1 2024 | $397.8K | -$6.5M | $-1.69 |
| Q3 2023 | $653.4K | -$5.1M | $-1.42 |
| Q2 2023 | $788.4K | -$5.1M | $-0.08 |
| Q1 2023 | $397.8K | -$5.1M | $-0.07 |
| Q3 2022 | $455.4K | -$4.2M | N/A |
| Q2 2022 | $227.4K | -$4.2M | N/A |
Data sourced from SEC EDGAR 10-Q quarterly filings. Figures may represent quarterly or cumulative values.
AQB Capital Allocation
AQB SEC Filings
Access official SEC EDGAR filings for AQUABOUNTY TECHNOLOGIES INC (CIK: 0001603978)