Global Water Resources Inc (OQ:GWRS)

Business Focus: Water Supply & Irrigation Systems

Sector:  Utilities Industry:  Water Utilities
See Regulatory Filings on SEC
Company Contact
Address: 21410 N 19th Ave Ste 220
PHOENIX AZ 85027-2738
Tel: N/A
IR: See website
Key People
Ron L. Fleming
Chairman of the Board, President, Chief Executive Officer
Graham Symmonds
Senior Vice President - Regulatory Affairs and Compliance, Chief Technology Officer
Cindy M. Liles
Senior Vice President - Growth Services, Treasurer
Leo Commandeur
Senior Vice President - Business Development, Secretary
Business Overview
Global Water Resources, Inc. is a water resource management company. The Company owns, operates and manages water, wastewater and recycled water utilities in strategically located communities, principally in metropolitan Phoenix, Arizona. The Company focuses on the issues of water supply and scarcity, and applies principles of water conservation through water reclamation and reuse. As of April 28, 2016, the Company owned nine water and wastewater utilities in communities principally in metropolitan Phoenix. As of April 28, 2016, the Company served over 50,000 people in approximately 20,000 homes within its 332 square miles of certificated service areas. The Company is creating renewable water systems where wastewater from homes is treated and used again for various outdoor applications.
Financial Overview
For the fiscal year ended 31 December 2018, Global Water Resources Inc revenues increased 14% to $35.5M. Net income before extraordinary items decreased 55% to $3.1M. Revenues reflect Unregulated revenues increase from $76K to $2.5M, Water services increase of 7% to $15.3M, Wastewater and recycled water services increase of 5% to $17.7M. Net income was offset by General and administrative increase of 12% to $10.5M (expense).
Employees: 50 as of Dec 31, 2018
Reporting Currency: U.S. Dollars
Enterprise value: $308.14M as of Dec 31, 2018
Annual revenue (TTM): $35.52M as of Dec 31, 2018
EBITDA (TTM): $16.74M as of Dec 31, 2018
Net annual income (TTM): $3.10M as of Dec 31, 2018
Free cash flow (TTM): $0.73M as of Dec 31, 2018
Net Debt Last Fiscal Year: $101.80M as of Dec 31, 2018
Shares outstanding: 21,471,296 as of Mar 4, 2019
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization