Water Ways Technologies Inc. reports Q1 2024 financial results with sales of CAD$2.3M, net loss.

From GlobeNewswire: 2024-05-31 10:42:00

Water Ways Technologies Inc. announces filing of Interim Financial Statements and MD&A for Q1, 2024. CEO Ohad Haber states over 90% of revenues from Canadian market. Sales were CAD$2.3M, net loss CAD$0.2M, Gross Margin 17.3% in Q1 2024. Derivative Liability revalued each period by independent third party.

Company’s financial results for Q1, 2024: Cash and Equivalents increased to CAD$289, Total Assets up 11%, Total Revenues down 44.4% compared to Q1 2023. Gross Profit Margin 17.3%. Operating Expenses at CAD$417, Revaluation of derivatives at CAD$(51).

Water Ways Technologies Inc. is a global provider of Israeli-based agriculture technology, specializing in water irrigation solutions. Main revenue streams from Projects Business Unit and Component & Equipment Sales Unit. Focus on micro and smart irrigation technologies, with projects in over fifteen countries.

Forward-Looking Statements: Water Ways emphasis on the accuracy and completeness of forward-looking information. Results may be affected by exchange rates and share prices fluctuations. All figures in Canadian dollars unless stated otherwise. The company undertakes no obligation to update or revise forward-looking information.



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