Current Water Technologies Inc V.WATR

RE:RE:Q3 on sedar

[G1945V]

G1945V wrote:

lscfa wrote:

 

Qtr ending	Revenue	Cost of Revenue	Gross profit	Net income (loss)
Sep 23	1,545,699	854,181	691,518	338,720
Jun 23	691,791	374,290	317,501	136,328
Mar 23	1,002,280	429,882	572,398	329,077
Dec 22	21,885	559,689	(537,804)	(798,039)
Sep 22	968,578	559,891	408,687	175,151
Jun 22	478,574	530,527	(51,953)	(364,446)
Mar 22	689,229	376,978	312,251	(65,443)
Dec 21	307,193	492,117	(184,924)	(559,906)
Sept 21	160,171	425,331	(265,160)	(480,417)

 

The 9-month income statement ending Sept 30, 2023, shows an income of $667,797. That equates to a 26% net income

But when you total the net income for each of the 3 quarters it comes to $804,412. That equates to a 31% net income.

Gross Sales for the 9 months:$ 2,547,980

Cannot tell if the $1Mil licence agreement with ecoX Global contributes to the gross sales. Current Water Joe, can you check this out with management, please?

Not bad at all.

G1945V

According to "SIMPLY WALL St" (Sept 30, 2023)

WATR, is trading below the estimated fair value of $0.24
WATR, short-term assets (CA$1.3M) exceed its short-term liabilities of (CA$1.1M)
WATR, short-term assets (CA$1.3M) exceed its long-term liabilities of (CA$2.0)
WATR, Debt to debt-to-equity ratio is 39.1% (Dec 2022 stood at minus 25.8%)

Heading in the right direction. A long-term investment (JMO)

G1945V
dyodd