AquaBounty Q2 net-loss widens as activity ramps up

(08/07/19)

US genetically engineered salmon pioneer AquaBounty Technologies saw a growing net-loss during the second quarter of 2019 but has a good reason for it: after years of delay, having US approvals in hand has allowed the company to quickly ramp up preparations for commercial operations.

According to the company's earnings report, its Q2 2019 net loss rose to $4.026 million, up from $2.781m the year prior. It's sales remain low, $42,486 for Q2 2019 compared to $47,898 for Q2 2018.

However, Sylvia Wulf, the company's CEO struck an optimistic tone in a press release accompanying the.................................................................


Click here to read the rest of this article:
https://www.undercurrentnews.com/