AquaBounty posts Q2 loss following asset sales and strategic shift.
AquaBounty Technologies reported a net loss of $3.4 million for the second quarter of 2025, following the sale of its Indiana and Canadian farms and a broader shift in operational focus.
The genetically modified salmon producer recorded no revenue for the period ending 30 June, down from $788,000 in Q2 2024, due to the discontinuation of farming operations. Net losses narrowed by 93% year-on-year, reflecting reduced operating and impairment expenses.
The company has paused construction of its Ohio Farm and is now focused on selling non-core assets to generate liquidity. It has also significantly reduced headcount, retaining only a small core team.
AquaBounty is working with an investment bank to explore strategic alternatives for the Ohio site, including potential partnerships or investment opportunities.
The company recorded a non-cash impairment charge on its Ohio equipment assets during the quarter and continues to pursue cost reductions across legal, personnel, and general expenses.
