2021.11.30 15:25 Brice978 Water Way Technologies Q3 Record Results $WWT
| Water Ways Technologies Inc. (TSXV: WWT) ("Water Ways" or the "Company") is a global provider of Israeli-based agriculture technology, providing water irrigation solutions to agricultural producers.|
All cylinders were firing, and the numbers denote yet another record quarter. The 42% rise in revenues accompanies a nine-month Adjusted EBITDA for 2021 of $687K versus (439) same period 2020.
Ohad Haber, CEO, and Chairman of the Board of Water Ways, states: "Our business has experienced dramatic growth on all fronts in the first nine months of 2021. We achieved records in all parts of our business and improved our gross margins. We also completed an oversubscribed private placement of CAD$4,400,000, which will fund our growth for the coming year."(November 30th Press Release).
Management will hold a webinar against these numbers and other topics of interest to shareholders, including a live Q&A session.
Register: Water Ways Technologies: Q3 financial results
Thursday, December 2nd, 2021, at 11 am Eastern Time, Water Ways' CEO, Ohad Haber, Ronnie Jaegermann, Director, and Dor Sneh, CFO, will host a live webinar with a corporate update, earnings discussion, and the unique outlook for 2021 and beyond. An Investor question-and-answer session will follow.
The Company has shown impressive growth for several quarters as it secures deals worldwide for its Agritech services and products. As of this release, several salient points include:
· Q3 2021 sales CAD$3,637,000 compared to CAD$2,565,000 for Q3 2020, evidencing revenue growth of 42%%
· The Company completed an oversubscribed private placement of CAD$4,444,742 in August 2021.
· Current Cash on hand CAD$4,337,000 versus CAD$407,000 as of 30.12.2020
· 2021 Nine-month gross profit rose 93% to $2,941,000 versus $1,524,000 for the same period 2020
· During the third quarter, the Company's shares began trading on various German Stock Exchanges under the symbol WWT
Join management of December 2nd for a direct exchange with WWT management. Previous Webinars have been forthright and highly informative as to Managements' vision and a path forward.
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