Ge Atlantic Salmon was Aquabounty Technologies’s largest product and service line in fiscal 2023, bringing in $2.33M of $2.47M (94%).
| Product and Service | FY 2021 | FY 2022 | FY 2023 |
|---|---|---|---|
| Ge Atlantic Salmon | $427.62K | $2.52M | $2.33M |
| Non-Ge Atlantic Salmon Fry | — | $102.39K | $123.38K |
| Non Ge Atlantic Salmon Fry | $196.58K | — | — |
| Non-Ge Atlantic Salmon Eggs | — | $85.09K | $730 |
| Non Ge Atlantic Salmon Eggs | $194.03K | — | — |
| Other Revenue | $1.22K | $36.51K | $17.20K |
| Total | $819.44K | $2.74M | $2.47M |
Aquabounty Technologies brought in $2.47M from its four product and service lines in fiscal 2023, the year ended December 31, 2023. That was down 9.8% from $2.74M in fiscal 2022. Ge Atlantic Salmon was the largest at $2.33M (94.3%), ahead of Non-Ge Atlantic Salmon Fry at $123.38K (5.0%) and Other Revenue at $17.20K (0.7%). The remaining line, Non-Ge Atlantic Salmon Eggs, brought in $730.
Compared with fiscal 2022, Non-Ge Atlantic Salmon Fry grew 20.5% to $123.38K, while Ge Atlantic Salmon fell 7.4% to $2.33M.
Aquabounty Technologies began breaking out Non-Ge Atlantic Salmon Fry in fiscal 2022 and Non-Ge Atlantic Salmon Eggs in fiscal 2022. Aquabounty Technologies stopped reporting Non Ge Atlantic Salmon Fry ($196.58K in fiscal 2021) and Non Ge Atlantic Salmon Eggs ($194.03K in fiscal 2021) as separate lines.
U.S was Aquabounty Technologies’s largest region in fiscal 2023, bringing in $2.33M of $2.45M (95%).
| Geography | FY 2021 | FY 2022 | FY 2023 |
|---|---|---|---|
| U.S | $427.62K | $2.52M | $2.33M |
| Canada | $355.39K | $394.48K | $123.38K |
| Total | $783.01K | $2.91M | $2.45M |
Aquabounty Technologies brought in $2.45M from its two regions in fiscal 2023, the year ended December 31, 2023. That was down 15.7% from $2.91M in fiscal 2022. U.S was the largest at $2.33M (95.0%), ahead of Canada at $123.38K (5.0%).
Compared with fiscal 2022, U.S fell 7.4% to $2.33M and Canada fell 68.7% to $123.38K. From fiscal 2021 to 2023, combined revenue from these regions grew from $783.01K to $2.45M, a compound annual growth rate of 77.1%. U.S's share of the total rose from 54.6% to 95.0%.
Aquabounty Technologies (AQB) reports its revenue by product and service and by geography. In fiscal 2023, Ge Atlantic Salmon was its largest product and service line, bringing in $2.33M (94.3% of the total), followed by Non-Ge Atlantic Salmon Fry at $123.38K (5.0%).
Ge Atlantic Salmon was Aquabounty Technologies' largest product and service line in fiscal 2023, bringing in $2.33M, or 94.3% of the $2.47M total across its four product and service lines.
U.S was Aquabounty Technologies' largest region in fiscal 2023, bringing in $2.33M, or 95.0% of the $2.45M total across its two regions.
Non-Ge Atlantic Salmon Fry grew faster than Ge Atlantic Salmon in fiscal 2023, up 20.5% from $102.39K to $123.38K. Ge Atlantic Salmon fell 7.4% to $2.33M.
Every figure comes from Aquabounty Technologies' annual financial filings, as reported. Each line keeps the name Aquabounty Technologies gives it, and years follow its fiscal calendar.
Aquabounty Technologies' revenue by product and service goes back to fiscal 2021, with figures through fiscal 2023. The latest four fiscal years are free to view, and the full history is available with a Business Quant subscription.