AquaBounty posts Q3 2022 loss but increases revenue by 44 percent

Multiple pieces of AquaBounty salmon.

Land-based salmon-farming and aquatech firm AquaBounty Technologies posted another quarterly loss in Q3 2022, though its revenue increased 44 percent year-over-year.

AquaBounty selected Pioneer, Ohio, U.S.A. as the site of its new recirculating aquaculture system farm in July 2021, and broke ground on the new facility in April 2022. The farm is part of the company’s ambitious plan to build a new farm every two years. AquaBounty received the water usage permit for its Pioneer facility in October 2022. 

The Maynard, Massachusetts, U.S.A.-based firm posted a net loss of ... 

Photo courtesy of Aquabounty

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