AquaBounty Technologies, Inc. reported its financial results for the first quarter ended March 31, 2025. The company achieved a net income of $401 thousand, a significant improvement compared to a net loss of $11.3 million for the same period in 2024. This turnaround included a non-cash gain of $2.0 million due to the forgiveness of an outstanding loan. The company completed the sale of specific equipment intended for its farm in Pioneer, Ohio, generating net proceeds of $2.3 million and recognizing a net gain of $307 thousand from the sale. Additionally, AquaBounty sold its Canadian subsidiary, including the broodstock farms on Prince Edward Island and the company's intellectual property related to genetically engineered Atlantic salmon, for net proceeds of $1.9 million. As of March 31, 2025, AquaBounty reported cash, cash equivalents, and restricted cash totaling $1.4 million, compared to $230 thousand as of December 31, 2024. The company's efforts to generate liquidity through these transactions are part of its strategy to explore strategic alternatives for its partially constructed farm in Pioneer, Ohio.