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 > tomorrow press release

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Comment by Stocker46on Mar 17, 2021 7:48pm

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RE:tomorrow press release

Not real concerned about order backlog as long as it's over or close to $20 M.
Photon has ackowledged that the $30 M number was due to Covid & customers booking orders further into the future. The average Order Backlog in the 2 years prior to 2020 was just over $14 M.

We also can't expect 1st Q 2021 to match the $6.6 M in Net Earnings for 1st Q 2020 .. which was helped by a $2.7 M foreign exchange gain.
That said, pending the strength (or weakness) of the Canadian dollar & a continued strong Semi market, Photon is likely to have another record year in 2021.

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