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: 1-949-4327566
IR: See website
Key People
Ron L. Fleming
Chairman of the Board, President, Chief Executive Officer
Michael J. Liebman
Chief Financial Officer, Secretary
Jonathan Corwin
Vice President, General Manager
Joanne Ellsworth
Vice President - Corporate and Regulatory Affairs
Jason Thuneman
Vice President - Project Management Office
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 2019, Global Water Resources Inc revenues remained flat at $35.5M. Net income decreased 28% to $2.2M. Revenues reflect Wastewater and recycled water services increase of 9% to $19.3M, Water services increase of 5% to $16.1M, also reflect Unregulated revenues decrease of 97% to $65K. Net income was partially offset by Depreciation and amortization increase of 12% to $8.4M (expense).
Employees: 74 as of Dec 31, 2019
Reporting Currency: U.S. Dollars
Enterprise value: $335.57M as of Dec 31, 2019
Annual revenue (TTM): $35.47M as of Dec 31, 2019
EBITDA (TTM): $15.31M as of Dec 31, 2019
Net annual income (TTM): $2.22M as of Dec 31, 2019
Free cash flow (TTM): -$5.79M as of Dec 31, 2019
Net Debt Last Fiscal Year: $107.27M as of Dec 31, 2019
Shares outstanding: 22,537,381 as of Mar 2, 2020
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization