H2O Innovation Ord Shs V.HEO

Primary Symbol: HEOFF

Industrials

H2O Innovation Inc. is a Canada-based water solutions company, which is focused on providing technologies and services to its customers. The Company designs and provides custom-built, and integrated water treatment solutions based on membrane filtration technology for municipal, energy and natural resources end-users. The Company’s segments include Water Technologies & Services (WTS), Specialty Products (SP), and Operation & Maintenance (O&M). WTS segment designs and builds custom water, wastewater, and water reuse systems. It is engaged in applying membrane technologies and engineering expertise to deliver equipment and services to municipal and industrial water, wastewater, and water reuse customers. SP segment manufacture and supply a complete line of specialty chemicals, consumables, and engineered products for the global water treatment industry. O&M provides contract operations and associated services for water and wastewater treatment systems.

OTCQX:HEOFF - Post by User

H2O Innovation Ord Shs

Bullboard Posts

Post by eebleron Nov 14, 2017 8:08am

101 Views

Post# 26957397

Correct Financials this time

Posted on News page of their website:

Key highlights

For clarity and fair comparison, the first quarter of fiscal year 2018 numbers should be compared to the unadjusted numbers of the first quarter of fiscal year 2017, which includes a full three months of Utility Partners’ operations;
Revenue growth of 13.8% to reach $22.6 M, compared to $19.9 M for the first quarter of fiscal year 2017;
Recurring revenues from Specialty Products and Services (“SP&S”) and Operation & Maintenance (“O&M”) business pillars represent 63.9% of total revenues;
Consolidated backlog, combining Projects and O&M, stood at $105.3 M as of September 30, 2017, compared to $98.5 M for the period ended September 30, 2016;
Adjusted EBITDA1 stable at $0.6 M during the first quarter of fiscal year 2018 and for the comparable quarter of fiscal year 2017;
Net loss of ($1,089,875), compared to ($1,082,086) in the first quarter of previous fiscal year.