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 three months ended 31 March 2019, Global Water Resources Inc revenues increased 4% to $7.7M. Net income increased from $320K to $649K. Revenues reflect Wastewater and recycled water services increase of 6% to $4.6M, Water services increase of 1% to $3.1M, Unregulated revenues increase of 23% to $16K. Net income benefited from Other increase from $323K to $1.1M (income), Interest Income increase from $7K to $57K (income).
Employees: 50 as of Dec 31, 2018
Reporting Currency: U.S. Dollars
Enterprise value: $325.09M as of Mar 31, 2019
Annual revenue (TTM): $35.81M as of Mar 31, 2019
EBITDA (TTM): $16.79M as of Mar 31, 2019
Net annual income (TTM): $3.43M as of Mar 31, 2019
Free cash flow (TTM): -$0.32M as of Mar 31, 2019
Net Debt Last Fiscal Year: $101.37M as of Mar 31, 2019
Shares outstanding: 21,532,834 as of May 6, 2019
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization