AquaBounty Technologies(US:AQB)2025-10-28 12:12Financial Performance - Net loss for Q3 2025 was $1.4 million, a significant improvement from a net loss of $3.4 million in Q3 2024, representing a reduction of approximately 59%[6] - The company reported an operating loss of $1.48 million for Q3 2025, compared to an operating loss of $1.62 million in Q3 2024, a decrease of about 8%[11] - The company reported a comprehensive loss of $1.38 million for Q3 2025, compared to a comprehensive loss of $3.34 million in Q3 2024, a reduction of approximately 59%[11] Cash and Assets - Cash and cash equivalents increased to $951 thousand as of September 30, 2025, compared to $230 thousand as of December 31, 2024, marking a growth of over 313%[6] - Total current assets decreased to $1.48 million as of September 30, 2025, from $11.34 million as of December 31, 2024, indicating a decline of approximately 87%[10] - Total assets decreased to $24.17 million as of September 30, 2025, down from $34.06 million as of December 31, 2024, reflecting a reduction of about 29%[10] - Total liabilities decreased to $11.93 million as of September 30, 2025, from $18.22 million as of December 31, 2024, a decrease of approximately 34%[10] Strategic Developments - The Ohio Farm received its wastewater discharge permit on September 12, 2025, allowing the project to move forward with its operations[2] - The company plans to explore strategic alternatives for the Ohio farm project following the receipt of necessary permits[3] Research and Development - Research and development expenses were $0 for Q3 2025, compared to $70.3 thousand in Q3 2024, indicating a strategic shift in spending[11]