Total
0
Shares
Source: Water Ways Technologies.
Market Herald logo

Subscribe

Be the first with the news that moves the market
  • Water Ways Technologies (WWT) has reported results for the first half of 2021 highlighted by record sales surpassing C$12 million
  • EBITDA for the first half of the year was $832,000 compared to a loss of $112,000 for the first half of 2020
  • Project revenue stream for the first half of the year increased to $6,398,000, up 231 per cent compared to 2020
  • Investors can tune in on September 14, 2021, at 11:00 am ET, for a corporate update, earnings discussion and future outlook
  • Water Ways Technologies provides water irrigation solutions to agricultural producers across the globe
  • Water Ways Technologies (WWT) closed up by 7.69 per cent trading at $0.28 per share

Water Ways Technologies (WWT) has reported results for the first half of 2021 highlighted by record sales surpassing C$12 million.

2021 first-half highlights

  • Record Q2 sales of $6,643,000, up 78 per cent compared to $3,724,000 for Q2 2020
  • Record sales for the first half of 2021 of $12,112,000, up 73 per cent compared to $6,976,000 for the first half of 2020
  • EBITDA for the first half of the year of $832,000 compared to a loss of $112,000 for the first half of 2020
  • Project revenue stream for the first half of the year increased to $6,398,000, up 231 per cent compared to $1,930,000 in 2020
  • Sales of Heartnut Grove, the company’s wholly-owned Canadian subsidiary, reached $3,744,000 in the first half of 2021, compared to $2,975,000 for the first half of 2020
  • Water Ways installed and delivered the largest contract in its history, in Uzbekistan, resulting in revenue of over $4,054,000
  • The company completed an oversubscribed private placement of $4,444,742 in August 2021

On September 14, 2021, at 11:00 am ET, CEO Ohad Haber and Director Ronnie Jaegermann will host a live webinar with a corporate update, earnings discussion and the company’s outlook for 2021 and beyond.

Ohad Haber, CEO and Chairman of Water Ways, stated,

“Our business has experienced dramatic growth on all fronts in the first half of 2021. We achieved record H1 sales and accumulated profits in all parts of our business. We also completed an oversubscribed private placement of $4,400,000 which should substantiate our growth for the coming years.”

Water Ways Technologies provides water irrigation solutions to agricultural producers across the globe.

Water Ways Technologies (WWT) closed up by 7.69 per cent trading at $0.28 per share.

More From The Market Herald

" American Aires (CSE:WIFI) launches Lifetune Mini device

American Aires (WIFI) has launched its Lifetune Mini device to protect against electromagnetic radiation (EMR).
Patriot One - CEO Peter Evans

" Patriot One (TSX:PAT) releases fourth quarter and year-end results

Patriot One Technologies (PAT) reported $1.1 million in revenue for the 2021 fiscal year.

" LQwD FinTech (TSXV:LQWD) upsizes marketed public offering

LQwD FinTech Corp. (LQWD) has entered an amended and restated underwriting agreement to increase the size of its marketed offering.

" H2O Innovation (TSXV:HEO) appoints new director and amends stock option plan

H2O Innovation (HEO) has named Louis G. Véronneau as the newest member of its board of directors.