AquaBounty Techs Q2 EPS $(13.08) Down From $(1.69) YoY, Sales $180.18K Beat $100.00K Estimate
Portfolio Pulse from Benzinga Newsdesk
AquaBounty Technologies (NASDAQ:AQB) reported a significant increase in quarterly losses to $(13.08) per share, a 673.96% decrease from $(1.69) per share last year. However, the company beat sales estimates with $180.18K, an 80.18% increase over the $100.00K estimate, despite a 77.15% decrease from $788.43K last year.
August 06, 2024 | 12:21 pm
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AquaBounty Technologies reported a significant increase in quarterly losses to $(13.08) per share, a 673.96% decrease from $(1.69) per share last year. However, the company beat sales estimates with $180.18K, an 80.18% increase over the $100.00K estimate, despite a 77.15% decrease from $788.43K last year.
The significant increase in quarterly losses is likely to negatively impact investor sentiment and the stock price in the short term. Although the company beat sales estimates, the overall decrease in sales from the previous year further adds to the negative outlook.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100