What caused AQB's surprising Q3 2023 earnings rebound?

AQB's Q3 2023 earnings rebound can be attributed to several strategic shifts and operational adjustments: 1. **Sale of Indiana Farm and Canadian Farms**: AQB sold its Indiana grow-out farm and certain equipment assets from its Ohio farm, which generated liquidity and reduced financial obligations. This move likely alleviated financial burdens associated with these operations, contributing to a healthier financial position. 2. **Reductions in Personnel Costs and Marketing Programs**: The company decreased personnel costs and marketing programs, which led to a 61% decrease in operating loss compared to the same period in 2022. These cost-saving measures likely improved profitability by reducing expenses without significantly impacting operational efficiency. 3. **New Production Launches and Harvesting of GE Atlantic Salmon**: AQB harvested 415 metric tons of GE Atlantic salmon during the nine months ended September 30, 2024, compared to 369 metric tons in the same period in 2023. This increase in production and sales of its core product likely contributed to the revenue and potential profitability. In summary, AQB's Q3 2023 earnings rebound was likely a result of a combination of strategic divestitures, cost management, and increased production efficiency.