AquaBounty reports Q3 EPS (8c), consensus (9c)

Reports Q3 revenue $653,432, consensus $1.04M. "Throughout the third quarter, AquaBounty continued to see strong demand for our salmon from seafood distributor customers," said Sylvia Wulf, Chief Executive Officer of AquaBounty. "We once again sold everything we could produce, which combined with improvements in our yields, drove a 44% year-over-year increase in third quarter revenues to $653 thousand. Additionally, our production operations are seeing the benefit of the salmon biology expertise that comes from the scientists and technicians throughout our organization. Their understanding of the interaction between salmon biology and the RAS environment in which our fish grow has enabled us to begin to increase our production efficiency and reduce mortality risk at our Indiana farm, which is realized through increased harvest yields. These learnings are reflected in our harvest success to-date and have been critical to identifying process and design improvements for our future farm in Pioneer, Ohio."