0001603978-26-000029
SEC filingAquaBounty Technologies posted substantial year-over-year reductions in operating and net losses for FY2025, supported by strategic operational and asset-related actions.
Cash flow movements during the year were driven by shifts in working capital components, per management's discussion. Reductions in inventory and other current assets, paired with increases in accounts payable and accrued expenses, boosted cash provided by working capital sources, while reductions in accounts payable and accrued liabilities, plus increases in prepaid and other assets, represented working capital uses. Capital expenditures held flat year-over-year in FY2025, aligning with the company's focused investment approach as it evaluates its long-term strategic path.
Since inception, the company has incurred cumulative net losses and negative cash flows from operating activities, a trend management expects to continue for the foreseeable future. AquaBounty will require new funding to provide liquidity for ongoing working capital needs and to fund its evolving strategic plan. The company continues to pursue sales of non-core assets, including portions of its Ohio farm assets, as one pathway to improve near-term liquidity as it evaluates long-term financing options.