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2021-08-30

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Water Ways Technologies Reveals Record H1 Sales Of $9.61M, Positive Adjusted EBITDA, Provides Water For Cannabis Cultivation

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We also completed an oversubscribed private placement of CAD$4,400,000 which should substantiate our growth for the coming years.\"\nGrants to directors and employees\nWater Ways also revealed that it had&nbsp;granted 1.56 million stock options to directors and employees pursuant to the terms of the company’s stock option plan. Of this amount, 700,000 participant options were granted to directors and will vest immediately. The remaining 860,000 participant options were granted to employees&nbsp;and will also vest immediately. All Participant Options shall have&nbsp;an exercise price of CAD$0.195&nbsp;and&nbsp;will expire 5 years&nbsp;after their grant.\nIn addition, the company granted 3.04 million restricted share units to directors and employees pursuant to the terms of the company’s RSU plan.\nAbout Water Ways Technologies\nWater Ways Technologies Inc., through its subsidiaries, is a global provider of Israeli-based agriculture technology, providing water irrigation solutions to agricultural producers. Its irrigation projects include vineyards, cotton fields, apple and orange orchards, blueberries, medical cannabis, fresh produce cooling rooms and more, in over 15 countries.\nPrice Action\nWater Way’s shares jumped 10% on Friday, closing the session at 22 cents per share.","source":"lsy1606299360108","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Water Ways Technologies Reveals Record H1 Sales Of $9.61M, Positive Adjusted EBITDA, Provides Water For Cannabis Cultivation</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; 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}\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nWater Ways Technologies Reveals Record H1 Sales Of $9.61M, Positive Adjusted EBITDA, Provides Water For Cannabis Cultivation\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-08-30 21:30 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.benzinga.com/markets/cannabis/21/08/22717076/water-ways-technologies-reveals-record-h1-sales-of-9-61m-positive-adjusted-ebitda-provides-water>Benzinga</a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\nA water irrigation solutions provider Water Ways Technologies Inc.(TSXV:WWT) (OTCPK:WWTIF) disclosed its financial results on Monday for the six and three months period ended June 30, 2021.  The ...\n\n<a href=\"https://www.benzinga.com/markets/cannabis/21/08/22717076/water-ways-technologies-reveals-record-h1-sales-of-9-61m-positive-adjusted-ebitda-provides-water\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"WWTIF":"WATER WAYS TECHNOLOGIES INC"},"source_url":"https://www.benzinga.com/markets/cannabis/21/08/22717076/water-ways-technologies-reveals-record-h1-sales-of-9-61m-positive-adjusted-ebitda-provides-water","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1132801475","content_text":"A water irrigation solutions provider Water Ways Technologies Inc.(TSXV:WWT) (OTCPK:WWTIF) disclosed its financial results on Monday for the six and three months period ended June 30, 2021.  The Toronto-based company reportedrecord sales for the first half of the year, reaching CAD$12.11 million ($9.61 million) up by 73% from CAD$6.98 millionin the same period of 2020.\nFinancial Highlights\n\nRecord sales for the three-month period ended June 30, 2021, totaling CAD$6.64 million compared to CAD$3.72 million for the three months period ended June 30, 2020, for total revenue growth of 78%.\nEBITDA for the six-month period ended June 30, 2020, reached CAD$832,000 compared to a loss of CAD$112,000for the six months period ended June 30, 2020.\nNon-GAAP EBITDA for the six months period ended June 30, 2020, reached CAD$1,137,000.\nProject revenue stream increased substantially to CAD$6.4 million compared to CAD$1.93million for the six months period ended June 30, 2021, and 2020, respectively, for total project revenue growth of 231%.\nSales of Heartnut Grove WWT Inc., the company’s wholly-owned Canadian subsidiary, increased substantially and reached CAD$3.74 millionfor the six months period ended June 30, 2021, compared to CAD$2.98 million for six months period ended June 30, 2020.\nThe company installed and delivered the largest contract in its history, in Uzbekistan, resulting in revenue of over CAD$4.05 million.\nWater Ways completed an oversubscribed private placement of CAD$4.44 million in August 2021.\n\n\"Our business has experienced dramatic growth on all fronts in the first half of 2021,”Ohad Haber, CEO and chairman of the board of Water Ways stated. “We achieved record H1 sales and accumulated profits in all parts of our business. We also completed an oversubscribed private placement of CAD$4,400,000 which should substantiate our growth for the coming years.\"\nGrants to directors and employees\nWater Ways also revealed that it had granted 1.56 million stock options to directors and employees pursuant to the terms of the company’s stock option plan. Of this amount, 700,000 participant options were granted to directors and will vest immediately. The remaining 860,000 participant options were granted to employees and will also vest immediately. All Participant Options shall have an exercise price of CAD$0.195 and will expire 5 years after their grant.\nIn addition, the company granted 3.04 million restricted share units to directors and employees pursuant to the terms of the company’s RSU plan.\nAbout Water Ways Technologies\nWater Ways Technologies Inc., through its subsidiaries, is a global provider of Israeli-based agriculture technology, providing water irrigation solutions to agricultural producers. Its irrigation projects include vineyards, cotton fields, apple and orange orchards, blueberries, medical cannabis, fresh produce cooling rooms and more, in over 15 countries.\nPrice Action\nWater Way’s shares jumped 10% on Friday, closing the session at 22 cents per share.","news_type":1},"isVote":1,"tweetType":1,"viewCount":133,"commentLimit":10,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"symbols":[],"verified":2,"subType":0,"readableState":1,"langContent":"EN","currentLanguage":"EN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":[],"commentAndTweetFlag":false,"andRepostAutoSelectedFlag":false,"upFlag":false,"length":13,"xxTargetLangEnum":"ORIG"},"commentList":[],"isCommentEnd":true,"isTiger":false,"isWeiXinMini":false,"url":"/m/post/811272773"}