Current Water Technologies Inc. (V:WATR*CA)

Business Focus: Environmental Services & Equipment (NEC)

Sector:  Industrials Industry:  Environmental Services & Equipment
 
Company Contact
Address: 70 Southgate Drive, Unit 4
GUELPH ON N1G 4P5
Tel: N/A
Website: www.currentwatertechnologies.com
IR: See website
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Key People
Gene S. Shelp
President, Chief Executive Officer, Director
Edward Tsang
Chief Financial Officer
Barry J. Shelp
Secretary, Director
Business Overview
Current Water Technologies Inc. is a Canada-based technology company. The Company is engaged in electro-static deionization (ESD) and the treatment of total ammonia (AmmEL) using electrochemical technologies. The Company is engaged in applying its patented and proprietary electrochemical technologies to the treatment of wastewater, desalination water and drinking water contaminated by metals or nutrients, i.e., nitrate/ammonia associated with the mining, metal processing, chemical, agricultural, municipal and waste management sectors. Its patented ESD (deionization) and its patented AmmEL (ammonia removal) technologies represent alternatives to biological, ion exchange, and reverse osmosis systems. Its subsidiary, Pumptronics Incorporated, operates as a division of the Company and functions as an integrated pump station manufacturer specializing in custom design and automation.
Financial Overview
For the nine months ended 30 September 2023, Current Water Technologies Inc revenues increased 19% to C$2.5M. Net income applicable to common stockholders totaled C$668K vs. loss of C$255K. Revenues reflect an increase in demand for the Company's products and services due to favorable market conditions. Net Income reflects Share-based payments decrease of 69% to C$104K (expense), General and administrative expenses decrease of 19% to C$368K
Reporting Currency: Canadian Dollars
Enterprise value: $6.48M as of Sep 30, 2023
Annual revenue (TTM): $2.57M as of Sep 30, 2023
EBITDA (TTM): -$0.00M as of Sep 30, 2023
Net annual income (TTM): -$0.13M as of Sep 30, 2023
Free cash flow (TTM): $0.15M as of Sep 30, 2023
Net Debt Last Fiscal Year: N/A
Shares outstanding: 212,275,038 as of Sep 30, 2023
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization

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