AquaBounty Technologies (AQB) AI Stock Analysis

• Market Cap: $3.62M
• Dividend Yield: N/A
• Average Volume (3M): 1.58M
• Price to Earnings (P/E): ―
• Beta (1Y): 1.00
• Revenue Growth: N/A
• EPS Growth: N/A
• Country: US
• Employees: 4
• Sector: Consumer Defensive
• Sector Strength: 42
• Industry: Agricultural Farm Products
• EPS (TTM): -0.38
• Shares Outstanding: 3,877,695
• 10 Day Avg. Volume: 221,557
• 30 Day Avg. Volume: 1,577,744
• PEG Ratio: >-0.01
• Price to Book (P/B): 0.15
• Price to Sales (P/S): 0.00
• P/FCF Ratio: -0.14
• Enterprise Value/Market Cap: 2.93
• Enterprise Value/Revenue: -15.02
• Enterprise Value/Gross Profit: -15.02
• Enterprise Value/Ebitda: -0.20
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 46 Neutral
• Price Target: $0.89 ▼(-7.08% Downside)

The score is primarily weighed down by very weak financial performance (persistent losses, heavy cash burn, and worsening leverage). Technical indicators provide some support from improving short-term momentum, but valuation remains unfavorable given negative earnings and no dividend yield.

Positive Factors

Proprietary genetic technology

Owning a proprietary genetic trait that accelerates salmon growth is a durable competitive advantage. It can lower unit production costs through faster cycles, create product differentiation in seafood markets, and support higher throughput if operational scale is achieved.

Land-based recirculating aquaculture systems

Land-based RAS offers structural benefits: tighter biosecurity, predictable production cycles, and proximity to inland markets. These attributes support long-term supply reliability and regulatory acceptance versus open-net pens, aiding durable market access and potential margin improvement if scaled.

Shelf registration improves capital access

A $350M shelf filing materially expands the company’s ability to raise equity or debt over time, providing strategic optionality to fund expansion of RAS capacity or working capital. Access to public capital markets is a lasting enabler of growth if executed prudently.

Negative Factors

Persistent unprofitability

Long-running operating and net losses, with negative gross profit in multiple years, signal the business has not yet achieved a durable margin model. Continued unprofitability erodes reserves and limits reinvestment capacity, raising reliance on external financing and dilution risk.

Deep and persistent cash burn

Material negative operating and free cash flow on a trailing basis indicates the business consumes significant cash to operate. This structural cash burn constrains the ability to self-fund RAS expansion, increases refinancing dependence, and heightens vulnerability to tighter financing markets.

Deteriorated leverage and high-cost debt

A sharp rise in leverage plus high-interest, covenant-rich senior notes materially reduces financial flexibility. Elevated interest costs and default-triggered covenants (including board nomination rights) create sustained refinancing risk and can limit strategic choices during growth phases.

AquaBounty Technologies Business Overview & Revenue Model

Company Description

AquaBounty Technologies, Inc., a biotechnology company, focuses on enhancing productivity in the commercial aquaculture industry in the United States and Canada. The company engages in genetic, genomic, and fish health and nutrition research activities. It offers AquAdvantage Salmon, a bioengineered Atlantic salmon for human consumption; and sells conventional Atlantic salmon, salmon eggs, fry, and byproducts. The company was formerly known as Aqua Bounty Farms, Inc. and changed its name to AquaBounty Technologies, Inc. in June 2004. AquaBounty Technologies, Inc. was incorporated in 1991 and is headquartered in Maynard, Massachusetts.

How the Company Makes Money

AquaBounty Technologies generates revenue primarily through the sale of its AquAdvantage salmon, which is engineered to reach market size more quickly than conventional salmon. The company operates fish farming facilities where these salmon are raised and harvested for sale. Key revenue streams include direct sales to distributors and retailers in the seafood industry, as well as potential licensing agreements. Partnerships with retailers and seafood distributors play a significant role in expanding the reach of their products to end consumers. Additionally, the company's focus on sustainable and efficient aquaculture practices may attract environmentally conscious buyers and partners, further contributing to its revenue.

AquaBounty Technologies Financial Statement Overview

Summary

Financial performance is very weak: sustained operating and net losses (including negative gross profit in multiple years), substantial ongoing cash burn with deeply negative operating cash flow and free cash flow, and a notable recent deterioration in leverage (debt-to-equity spike). Positive equity is a limited offset given strongly negative returns and elevated financing/dilution risk.

Income Statement

Profitability remains very weak, with large operating and net losses across the period and negative gross profit in multiple years. The most recent TTM (Trailing-Twelve-Months) shows negative revenue and deep losses, which points to significant business and/or reporting instability. While there are occasional improvements in revenue growth in earlier years, the company has not demonstrated a durable path to positive margins.

Balance Sheet

Leverage is the main concern: TTM (Trailing-Twelve-Months) debt relative to equity is extremely elevated versus prior years, signaling a sharp deterioration in balance-sheet quality. Equity is still positive in the latest period, but returns on equity are strongly negative due to ongoing losses. Earlier annual periods showed relatively modest leverage, so the recent spike suggests worsening financial flexibility and higher refinancing/dilution risk.

Cash Flow

Cash burn is substantial and persistent. TTM (Trailing-Twelve-Months) operating cash flow and free cash flow are deeply negative, indicating the business is consuming significant cash to operate and invest. Although free cash flow growth is positive in the latest period, it is improving from very negative levels, and cash generation remains far from self-funding.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	-705.26K	0.00	0.00	3.14M	1.17M	127.66K
Gross Profit	-705.26K	-904.14K	-2.16M	-10.49M	-9.61M	-6.55M
EBITDA	-52.17M	-110.56M	-11.45M	-19.84M	-20.22M	-14.75M
Net Income	-88.47M	-149.19M	-27.56M	-22.16M	-22.32M	-16.40M
Balance Sheet
Total Assets	24.17M	34.06M	187.55M	213.84M	228.44M	125.78M
Cash, Cash Equivalents and Short-Term Investments	951.43K	230.36K	8.20M	101.66M	190.23M	95.75M
Total Debt	7.94M	3.31M	5.10M	8.90M	9.44M	9.14M
Total Liabilities	11.93M	18.22M	22.53M	21.92M	14.63M	10.90M
Stockholders Equity	12.24M	15.84M	165.02M	191.92M	213.80M	114.88M
Cash Flow
Free Cash Flow	-5.56B	-16.79M	-93.13M	-88.48M	-26.19M	-18.61M
Operating Cash Flow	-5.56B	-13.86M	-24.24M	-21.01M	-20.47M	-14.29M
Investing Cash Flow	7.11B	7.56M	-68.89M	34.35M	-107.54M	-3.24M
Financing Cash Flow	-832.07M	-2.66M	-308.47K	-162.40K	121.18M	111.00M

AquaBounty Technologies Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 0.96
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Neutral
• STOCH: Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AQB, the sentiment is Negative. The current price of 0.96 is below the 20-day moving average (MA) of 0.97, above the 50-day MA of 0.94, and below the 200-day MA of 1.02, indicating a bearish trend. The MACD of >-0.01 indicates Positive momentum. The RSI at 46.28 is Neutral, neither overbought nor oversold. The STOCH value of 5.39 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for AQB.

AquaBounty Technologies Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	62 Neutral	$20.33B	14.63	-3.31%	3.23%	1.93%	-12.26%
AQB	46 Neutral	$3.62M	-0.05	―	―	―	―
LOCL	43 Neutral	$46.77M	-0.19	―	―	31.61%	37.02%
SDOT	41 Neutral	$4.80M	-0.22	-46.64%	―	-29.40%	-535.63%
EDBL	41 Neutral	$22.89M	-0.02	-179.10%	―	-10.77%	97.27%