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Water Ways Technologies Inc. (WWT.V)

TSXV - TSXV Real Time Price. Currency in CAD
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0.15000.0000 (0.00%)
At close: 2:13PM EDT
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Previous Close0.1500
Open0.1500
Bid0.1500 x 0
Ask0.1550 x 0
Day's Range0.1500 - 0.1550
52 Week Range0.0450 - 0.1800
Volume129,100
Avg. Volume146,596
Market Cap15.068M
Beta (5Y Monthly)1.86
PE Ratio (TTM)N/A
EPS (TTM)-0.0140
Earnings DateMay 27, 2021
Forward Dividend & YieldN/A (N/A)
Ex-Dividend DateN/A
1y Target EstN/A
  • Water Ways Announces the Completion and Delivery of its Previously Announced Blueberries Irrigation Project in China Ordered by Driscoll's Subsidiary
    GlobeNewswire

    Water Ways Announces the Completion and Delivery of its Previously Announced Blueberries Irrigation Project in China Ordered by Driscoll's Subsidiary

    Blueberries irrigation project Blueberries irrigation project NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR DISSEMINATION IN THE UNITED STATES TORONTO, June 14, 2021 (GLOBE NEWSWIRE) -- Water Ways Technologies Inc. (TSXV: WWT) ("Water Ways" or the "Company"), is pleased to announce that further to the company’s press release dated November 23, 2020, its Chinese subsidiary has completed the delivery and installation of a 20 hectare turnkey blueberries irrigation project in the Province of Yun

  • Water Ways Received Fifth Order for its Medical Cannabis IOT Precise Irrigation and Fertilization System
    GlobeNewswire

    Water Ways Received Fifth Order for its Medical Cannabis IOT Precise Irrigation and Fertilization System

    Medical Cannabis IOT Medical Cannabis IOT NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR DISSEMINATION IN THE UNITED STATES TORONTO, June 01, 2021 (GLOBE NEWSWIRE) -- Water Ways Technologies Inc. (TSXV: WWT) ("Water Ways" or the "Company"), is pleased to announce that it received the fifth commercial order, effective May 23, 2021, for its Medical Cannabis Internet of Things ("IOT") water and control system. The CAD$315,000 order was received from an Israeli Licensed Producer who is currently building a 7,000 Square meters (approximately 75,000 Sq/ft) Medical Cannabis Cultivation facility in of Israel. The system is an IOT controlled Water & Control system for Cannabis cultivators and growers. The Company expects to deliver and install the system by the end of 2021. The purpose of the IOT system is to increase the yield and consistency for cannabis growers and cultivators while maintaining high quality, as well as reducing energy, water, and fertilization costs. The system was developed in Israel by the Company's research and development staff of engineers using the Company's unique experience and knowledge gained in the irrigation and control industry. The system is comprised of the following components: A precise drip irrigation system to maximize the cannabis plants nutritional absorption together with full monitoring and control of the plant water content as well as nutrition availability during the different growing stages.A fertilizing system composed of two main components: raw fertilizer tanks and dosing pumps that inject accurate fertilizer formulation into the different compartments of the facility.Drainage collection, filtration, and water treatment systems.Monitoring and operating all the climate systems include HVAC, Lighting, air circulation, etc.An IOT control gateway. An IOT Control Gateway is an integral component of the system which is comprised of an industrial controller and integrated specially developed software to monitor and control various components of the cultivation project. The system allows to control the whole cultivation process by allowing the user to adjust the following features: Irrigation, fertilizing & filtration system.Climate system monitoring and control.Structural systems (benches, darkening & thermal screens, curtains, heating, dehumidification, ventilation, fans, etc.). The controller and software are connected and synchronized with a local controller or sensors within the facility. The controller gathers data in a local and remote cloud so the cultivation management staff can use this information to track trends, symptoms and correctly manage their facility. The controller software can be installed on smart phones, PCs, and local controller touch screens, allowing the growers to decide who is permitted to use the controller, and control it over the web remotely. Ohad Haber, President, CEO and Chairman of the Board of Water Ways, commented: "This is the fifth order of the system in Israel which is a proof of the advantages our technology offers to medical cannabis growers. The system's first client, Cronos Israel, finished its implementation in 2020. So far, The system has been delivered within Israel and the Company intends to focus its efforts selling it internationally and expand to additional markets and to additional indoor crops.". About Water Ways Technologies Water Ways Technologies Inc., through its subsidiaries, is a global provider of Israeli-based agriculture technology, providing water irrigation solutions to agricultural producers. Water Ways Technologies competes in the global irrigation water systems market with a focus on developing solutions with commercial applications in the micro and precision irrigation segments of the overall market. At present, Water Ways Technologies' main revenue streams are derived from the following business units: (i) Projects Business Unit; and (ii) Component and Equipment Sales Unit. Water Ways Technologies is capitalizing on the opportunities presented by micro and smart irrigation, while also making a positive mark on society by making these technologies more widely available, especially in developing markets such as Africa and Latin America and developed markets such as China and Canada. Water Ways Technologies irrigation projects include vineyards, Cotton fields, Apple and Orange orchards, Blueberries, Medical Cannabis, fresh produce cooling rooms and more, in over 15 countries. For more information, please contact Ronnie JaegermannGuy NathanzonDirector CFOT: +972-54-4202054 T: +972-52-6007221E: ronnie@waterwt.com E: guyn@waterwt.com https://www.water-ways-technologies.com/ Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. Forward-Looking Statements Certain statements contained in this press release constitute "forward-looking information" as such term is defined in applicable Canadian securities legislation. The words "may", "would", "could", "should", "potential", "will", "seek", "intend", "plan", "anticipate", "believe", "estimate", "expect" and similar expressions as they relate to Water Ways. All statements other than statements of historical fact may be forward-looking information. Such statements reflect Water Ways' current views and intentions with respect to future events, and current information available to Water Ways, and are subject to certain risks, uncertainties and assumptions. Material factors or assumptions were applied in providing forward-looking information. Many factors could cause the actual results, performance or achievements that may be expressed or implied by such forward-looking information to vary from those described herein should one or more of these risks or uncertainties materialize. Should any factor affect Water Ways in an unexpected manner, or should assumptions underlying the forward-looking information prove incorrect, the actual results or events may differ materially from the results or events predicted. Any such forward-looking information is expressly qualified in its entirety by this cautionary statement. Moreover, Water Ways does not assume responsibility for the accuracy or completeness of such forward-looking information. The forward-looking information included in this press release is made as of the date of this press release and Water Ways undertakes no obligation to publicly update or revise any forward-looking information, other than as required by applicable law. Water Ways' results and forward-looking information and calculations may be affected by fluctuations in exchange rates. All figures are in Canadian dollars unless otherwise indicated. A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/0ce406d0-1129-4e04-b6f1-6ccbbee38479

  • Water Ways Reports Q1 2021 Financial Results, Books a Profit and Record Q1 Sales of CAD$5,450,000
    GlobeNewswire

    Water Ways Reports Q1 2021 Financial Results, Books a Profit and Record Q1 Sales of CAD$5,450,000

    NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR DISSEMINATION IN THE UNITED STATES TORONTO, May 27, 2021 (GLOBE NEWSWIRE) -- Water Ways Technologies Inc. (TSXV: WWT) ("Water Ways" or the "Company"), a global provider of proprietary water irrigation technology solutions to agricultural producers, announces the filing of its Financial Statements ("Statements") and Managements Discussion and Analysis ("MD&A") for the three months period ended March 31, 2021. A comprehensive discussion of Water Ways’ financial position and results of operations is provided in the MD&A. Ohad Haber, President, CEO and Chairman of the Board of Water Ways states: “Our business has improved dramatically on all fronts in Q1 of 2021. We achieved record Q1 sales and revenue growth, which is a testament to our team’s hard work and dedication. Our sales and gross margins improved significantly, and we returned to profitability after several challenging quarters navigating the COVID19 pandemic in 2020. I am confident that we will continue our growth and improved results throughout the year." On Wednesday, June 2, 2021, at 11 am Eastern Time, Water Ways' CEO, Ohad Haber, 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. Water Ways Technologies: The Future of Agri-Tech Registration and further information here. First Quarter Highlights (the following information must be read in conjunction with the MD&A) Record sales for the three months period ended March 31, 2021, reached CAD$5,450,000 compared to CAD$3,207,000 for the three period ended March 31, 2020 for total revenue growth of 70%.Net profit for the three months period ended March 31, 2021 reached CAD$220,000 compared to CAD$50,000 for the three months period ended March 31, 2020.EBITDA for the three months period reached CAD$557,000 compared to CAD$39,000 for the three months period ended March 31, 2020.Very strong start to 2021 with orders reaching over CAD$10 Million in Q1 of 2021. Sales of Heartnut Grove WWT Inc. in Canada increased substantially and reached CAD$1,685,000 for the three months period ended March 31, 2021 compared to CAD$1,014,000 for three months period ended March 31, 2020.The Company signed the largest contract in its history in Uzbekistan for over CAD$4,000,000.Sales of the Company's subsidiary in China reached CAD$320,000 for the for the period ended March 31, 2021. Water Ways Technologies Financial Results Summary The following tables set forth the highlights of the consolidated financial information of the Company and should be read in conjunction with the Statements and the notes thereto. (CAD in thousands) Three months period ended March 31 2021 2020 Change % Revenues: Services Projects 3,217 1,127 185.4% Products 2,233 2,080 7.4% Total Revenues 5,450 3,207 70.0% Cost of Sales 4,219 2,604 62.0% Gross Profit 1,231 603 104.3% Gross Profit Margin % 22.6% 18.8% Operating Expenses 737 596 Financial expense (income), net228 (43) Taxes on Income 46 - Profit for the period 220 50 EBITA for the period 557 39 (CAD in thousands) March 31, 2021 December 31, 2020 Change % Balance Sheet Items: Cash and Cash Equivalents 876 407 115.4% Total Current Assets 10,094 6,992 44.4% Total Assets 13,096 10,115 29.5% Total Current Liabilities 8,658 6,976 24.1% Total Non-Current Liabilities 2,736 2,505 9.2% About Water Ways Technologies Water Ways Technologies Inc., through its subsidiaries, is a global provider of Israeli-based agriculture technology, providing water irrigation solutions to agricultural producers. Water Ways Technologies competes in the global irrigation water systems market with a focus on developing solutions with commercial applications in the micro and precision irrigation segments of the overall market. At present, Water Ways Technologies' main revenue streams are derived from the following business units: (i) Projects Business Unit; and (ii) Component and Equipment Sales Unit. Water Ways Technologies is capitalizing on the opportunities presented by micro and smart irrigation, while also making a positive mark on society by making these technologies more widely available, especially in developing markets such as Africa and Latin America and developed markets such as China and Canada. Water Ways Technologies irrigation projects include vineyards, Cotton fields, Apple and Orange orchards, Blueberries, Medical Cannabis, fresh produce cooling rooms and more, in over 15 countries. For more information, please contact Ronnie JaegermannGuy NathanzonDirector CFOT: +972-54-4202054 T: +972-52-6007221E: ronnie@waterwt.comE: guyn@waterwt.com https://www.water-ways-technologies.com/ Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. Forward-Looking Statements Certain statements contained in this press release constitute "forward-looking information" as such term is defined in applicable Canadian securities legislation. The words "may", "would", "could", "should", "potential", "will", "seek", "intend", "plan", "anticipate", "believe", "estimate", "expect" and similar expressions as they relate to Water Ways. All statements other than statements of historical fact may be forward-looking information. Such statements reflect Water Ways' current views and intentions with respect to future events, and current information available to Water Ways, and are subject to certain risks, uncertainties and assumptions. Material factors or assumptions were applied in providing forward-looking information. Many factors could cause the actual results, performance or achievements that may be expressed or implied by such forward-looking information to vary from those described herein should one or more of these risks or uncertainties materialize. Should any factor affect Water Ways in an unexpected manner, or should assumptions underlying the forward-looking information prove incorrect, the actual results or events may differ materially from the results or events predicted. Any such forward-looking information is expressly qualified in its entirety by this cautionary statement. Moreover, Water Ways does not assume responsibility for the accuracy or completeness of such forward-looking information. The forward-looking information included in this press release is made as of the date of this press release and Water Ways undertakes no obligation to publicly update or revise any forward-looking information, other than as required by applicable law. Water Ways' results and forward-looking information and calculations may be affected by fluctuations in exchange rates. All figures are in Canadian dollars unless otherwise indicated.