AquaBounty Technologies, Inc.
AQB Consumer Defensive Farm Products
AquaBounty Technologies, Inc.’s revenue for fiscal 2022 (year ended December 2022) was $3.1 million. In the quarter to June 2026, EPS grew 63.2%, free cash flow fell 108.2% and total debt rose 246.5%, each against the same quarter a year earlier.
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AquaBounty Technologies, Inc. (AQB) Piotroski F-score
AquaBounty Technologies, Inc.'s Piotroski F-score for fiscal 2022 is 5 out of 9: 5 of nine tests of profitability, leverage and efficiency passed, unchanged from fiscal 2021.
Piotroski F-score, annual
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Annual newest first
| Period | Piotroski F-score | Change (points) |
|---|---|---|
| FY2022 | 5 | 0.00 |
| FY2021 | 5 | 1.00 |
| FY2020 | 4 | 0.00 |
| FY2019 | 4 | — |
How fiscal 2022’s score is made up
| Test | This year | Year before | Result | Points |
|---|---|---|---|---|
| Positive return on assets | (10.02%) | (12.60%) | Fail | 0 |
| Positive operating cash flow | (21.01m) | (20.47m) | Fail | 0 |
| Rising return on assets | (10.02%) | (12.60%) | Pass | 1 |
| Cash flow above net income | 1.15m | 1.85m | Pass | 1 |
| Falling long-term leverage | 0.03 | 0.05 | Pass | 1 |
| Rising current ratio | 6.87 | 32.80 | Fail | 0 |
| No new shares issued | 3,833,000 | 3,471,400 | Fail | 0 |
| Rising gross margin | (334.52%) | (818.11%) | Pass | 1 |
| Rising asset turnover | 0.01 | 0.01 | Pass | 1 |
| Piotroski F-score | Mixed | 5 | ||
How the Piotroski F-score works
One point for each of nine tests, this fiscal year against the one before: positive return on assets, positive operating cash flow, rising return on assets, cash flow above net income, falling long-term leverage, a rising current ratio, no new shares issued, a rising gross margin and rising asset turnover. The ratios are the ones on this site, so each can be checked.
Joseph Piotroski (2000) called 8–9 high and 0–1 low; reading it in three bands is the common convention:
| 7–9 | Strong — most fundamentals improved |
|---|---|
| 4–6 | Mixed |
| 0–3 | Weak — most fundamentals deteriorated |
Where this differs from the paper: return on assets is on average rather than beginning-of-year assets, and weighted basic shares stand in for shares issued. The score is shown only when all nine tests can be worked out, which takes three fiscal years; banks and insurers, which report no current assets or gross profit, have none.
Piotroski F-score against peers
| Company | Piotroski F-score |
|---|---|
| PME Pingtan Marine Enterprise Ltd. compare | 6 |
| AQB AquaBounty Technologies, Inc. | 5 |
| LOCL Local Bounti Corporation compare | 5 |
| DTCKF Davis Commodities Limited compare | 5 |
| SISI SHINECO compare | 3 |
| EDBL Edible Garden AG Incorporated compare | 2 |
| SDOT Sadot Group Inc. compare | 2 |
| AGRZ Agroz Inc. compare | — |
| AAGR African Agriculture Holdings Inc. compare | — |
What Piotroski F-score is
The Piotroski F-Score tells an investor how many signs of improving profitability, funding and efficiency a company shows against a year earlier.
One point for each of nine tests against a year earlier: positive return on assets, positive operating cash flow, rising return on assets, cash flow above net income, falling long-term leverage, rising current ratio, no new shares issued, rising gross margin, and rising asset turnover