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Water Ways Technologies Inc V.WWT

Alternate Symbol(s):  WWTIF

Water Ways Technologies Inc., through its subsidiaries, is a global provider of Israeli-based agriculture technology, providing water irrigation solutions to agricultural producers. The Company focuses on developing solutions with commercial applications in the micro and precision irrigation segments of the overall market. The Company’s business units include the Projects Business Unit and Component and Equipment Sales Unit. The Company also provides its solutions in developing markets, such as Africa and Latin America and developed markets, such as China and Canada. Its irrigation projects include vineyards, Cotton fields, Apple and Orange orchards, Blueberry, Medical Cannabis growers, fresh produce cooling rooms and more, in over fifteen countries. It has developed DataWays, a precise irrigation system that enables agricultural operators to make data-driven decisions. Its subsidiaries include Irri-Al-Tal Ltd, Heartnut Grove WWT Inc., and H.D.P Irrigation Ltd.


TSXV:WWT - Post by User

Post by kidsactuatoron Apr 01, 2021 11:15am
122 Views
Post# 32922729

Current backlog , profitability in 2021 very likely

Current backlog , profitability in 2021 very likely


In January they announced $3m backlog. Since then they’ve announced almost $8m in new orders. So about $11m so far and still a few months to go for orders that should get completed this year. Their gross margin is usually in the 13-16% range, and they spent about $2.2m on SG&A (TTM). Using the low end of the gross margin this means they need revenues of $17m to make a profit. They’re at $11m now and most of it announced in the last 2 months so at this pace they should be profitable in 2021 no problem. Not to mention their expansion into many new countries (they now have operations in peru, china, ethiopia, uzbekistan, canada, probably some others i've forgotten) and into applications for high-value crops (blueberries, strawberries, cannabis)

These numbers are approximate and were obtained from the last few years' annual reports and recent news releases.

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