AquaBounty Technologies Inc Dossier - Source-backed chat

AquaBounty Technologies Inc

AQBNASDAQ

SectorConsumer Staples

IndustryPackaged Foods & Meats

Beta (adjusted)1.26

Intrinsic Value

Insufficient data for a value estimateNot enough reliable inputs to publish a fair value for this company yet.

Market Price $0.93Price as of 30 Sep 2026

Data confidenceNot applicable

Market Cap $4.8M

Enterprise Value $16M

Shares Outstanding 4.9M diluted

All prices and values are periodic snapshots, not live quotes. Source dates are shown for reference.

Thesis

Street consensus, scenarios, merits, risks, and invalidation triggers

AI-assisted

Thesis Summary

AquaBounty Technologies has completely ceased its core commercial fish-farming operations, culled its remaining biological assets, and transitioned into a wind-down and asset-realization vehicle. The company is facing severe liquidity constraints, reporting only $441k in cash against a stockholders' deficit of $2.13 million as of March 31, 2026. With substantial doubt regarding its ability to continue as a going concern, recurring net losses, and imminent risk of Nasdaq delisting, the equity carries extreme risk with minimal fundamental upside.

This section is the 12-month view: analyst targets and the probability-weighted scenarios built from them. The intrinsic value at the top of this page answers a different question: what the business is worth today.

Our research · scenarios, merits, risks, and invalidation triggersResearch as of 20 Jun 2026

Scenarios · 12-month scenario targetsAnchored at research date

Bear CaseDownside scenario

The company fails to secure additional financing or complete asset sales in a timely manner, leading to Nasdaq delisting, rapid cash depletion, and eventual bankruptcy or orderly liquidation where common equity is wiped out entirely.

Base CaseCentral scenario

The company successfully executes a reverse stock split to temporarily maintain its Nasdaq listing and slowly liquidates its remaining Ohio Farm Project assets. However, proceeds are primarily consumed by corporate overhead, debt service, and preferred stock dividend obligations (Series A Preferred carries an 18% dividend), leaving negligible recovery value for common shareholders.

Bull CaseUpside scenario

Successful monetization of the Ohio Farm Project and remaining equipment assets could provide a cash windfall that exceeds the company's current micro-cap valuation, offering a speculative liquidation play.

Scenarios reflect our research view at the research date.

Key Investment Merits

Potential cash inflows from the sale of remaining physical equipment and real estate at the Ohio Farm Project.

Key Investment Risks

Complete cessation of all commercial aquaculture and fish-rearing operations.
Severe liquidity crisis with only $441k in cash as of March 31, 2026, and substantial doubt about the company's ability to continue as a going concern.
Stockholders' deficit of $2.13 million and cumulative net losses of $389.46 million since inception.
Heavy capital overhang from Series A Convertible Preferred Stock, which carries senior liquidation rights and an 18% annual dividend.
Imminent risk of Nasdaq delisting due to non-compliance with the minimum $1.00 bid price and proposed $5 million MVLS rules.

Thesis Invalidation Triggers

An unexpected large-scale strategic acquisition of the company's remaining shell or intellectual property at a premium.
Securing a major non-dilutive funding source or partnership that allows a pivot into a new business model.

All scenarios are estimates and subject to change. Past performance is not indicative of future results.

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Explore this dossier

ValuationIntrinsic value, the six-method breakdown, peer medians, and your assumptions sandbox.Financial SnapshotRevenue, profitability, returns, balance sheet, dividends, and the filing-level detail.Qualitative AnalysisBusiness overview, strategic initiatives, and mergers, acquisitions & partnerships.Outlook & Key DatesForward estimates, reporting calendar, and the monitoring framework.