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Invesco Water Resources ETF T.PHO


Primary Symbol: PHO

The investment seeks to track the investment results (before fees and expenses) of the NASDAQ OMX US Water IndexSM (the underlying index). The fund generally will invest at least 90% of its total assets in the securities that comprise the underlying index. The underlying index seeks to track the performance of companies that create products designed to conserve and purify water for homes, businesses and industries. The underlying index may include common stocks, ordinary shares, American depositary receipts (ADRs), shares of beneficial interest and tracking stocks. The fund is non-diversified.


NDAQ:PHO - Post by User

Invesco Water Resources ETF > Initial Look
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Post by Altman1979on Aug 06, 2020 8:11am
357 Views
Post# 31371302

Initial Look

Initial LookStrong rev beat ($16M vs $14M), reduction in backlog from $30M to $29M

"The decrease in order backlog versus Q1 2020 mainly relates to changes in near-term demand as customers built excess stock in Q1 in response to COVID-19 which was not repeated in Q2"

Adj EBITDA of $5.9M vs $4.3M

Outlook not as great as it was in 1Q:
"While our record year to date revenues have benefited from our ability to make progress outside of our traditional customer base it has also benefited from the accelerated product shipments in response to COVID19. Our expectation for Q3 2020 are revenues of between $13 to $15 million with a weakening trend into Q4 2020. Our margins year to date have benefited from our customer and product mix but we see these margin gains receding in the later half of the year.


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