# AquaBounty Technologies Inc. (AQB)

**Exchange:** NASDAQ  
**Sector:** Consumer Defensive  
**Market cap:** $4M  
**Price:** $0.98 (+3.93%)

> AquaBounty Technologies operates as a land-based aquaculture company utilizing recirculating aquaculture system technology to produce farmed salmon in the United States and Canada. The company engages in genetic, genomic, and fish health and nutrition research activities to enhance productivity and sustainability in seafood production. AquaBounty Technologies offers AquAdvantage Salmon, a genetically engineered Atlantic salmon for human consumption, alongside conventional Atlantic salmon, salmon eggs, fry, and byproducts. The company operates salmon farms using proprietary breeding and genetics technology designed to improve feed efficiency and reduce environmental impact. By combining biotechnology-driven fish breeding with land-based farming infrastructure, AquaBounty addresses critical production constraints in farmed salmon species while working to ensure reliable, high-quality seafood availability for consumers. The company was incorporated in 1991 and is headquartered in Harvard, Massachusetts.

## Income Statement (Annual, USD)

| Fiscal Year | Revenue | Gross Profit | Operating Income | Net Income | EPS (dil.) |
| --- | --- | --- | --- | --- | --- |
| 2023 | $2M | — | -$14M | -$28M | — |
| 2022 | $3M | — | -$22M | -$22M | — |
| 2021 | $1M | — | -$22M | -$22M | — |
| 2020 | $127,663 | — | -$16M | -$16M | — |
| 2019 | $186,738 | -$3M | -$13M | -$13M | — |
| 2018 | $84,518 | -$3M | -$10M | -$10M | — |
| 2017 | $53,278 | -$1M | -$9M | -$9M | — |
| 2016 | — | — | -$8M | -$8M | — |
| 2015 | — | — | -$7M | -$7M | — |

## Balance Sheet (Annual, USD)

| Fiscal Year | Total Assets | Total Liabilities | Equity | Cash | Long-term Debt |
| --- | --- | --- | --- | --- | --- |
| 2023 | $188M | $23M | $165M | $8M | $5M |
| 2022 | $214M | $22M | $192M | $102M | $9M |
| 2021 | $228M | $15M | $214M | $88M | $9M |
| 2020 | $126M | $11M | $115M | $96M | $9M |
| 2019 | $30M | $6M | $24M | $3M | $5M |
| 2018 | $28M | $4M | $23M | $3M | $4M |
| 2017 | $24M | $6M | $18M | $506,283 | $3M |
| 2016 | $6M | $4M | $2M | $3M | $3M |

## Cash Flow (Annual, USD)

| Fiscal Year | Operating Cash Flow | CapEx | Free Cash Flow |
| --- | --- | --- | --- |
| 2025 | -$9M | — | — |
| 2024 | -$14M | $3M | -$17M |
| 2023 | -$24M | $69M | -$93M |
| 2022 | -$21M | $67M | -$88M |
| 2021 | -$20M | $6M | -$26M |
| 2020 | -$14M | $4M | -$18M |
| 2019 | -$11M | $2M | -$14M |
| 2018 | -$10M | $4M | -$14M |
| 2017 | -$9M | $19M | -$28M |
| 2016 | -$7M | $934,495 | -$8M |
| 2015 | -$7M | $74,113 | -$7M |

Source: [CompaniesByCap](https://companiesbycap.com/company/AQB)