Water Ways Technologies Reveals Record H1 Sales Of $9.61M, Positive Adjusted EBITDA, Provides Water For Cannabis Cultivation

A water irrigation solutions provider Water Ways Technologies Inc. (TSXV: WWT) (OTCPK: WWTIF) disclosed its financial results on Monday for the six and three months period ended June 30, 2021.  The Toronto-based company reported record for the first half of the year, reaching CAD$12.11 million ($9.61 million) up by 73% from CAD$6.98 million in the same period of 2020.

Financial Highlights

  • Record for the three-month period ended June 30, 2021, totaling CAD$6.64 million compared to CAD$3.72 million for the three months period ended June 30, 2020, for total revenue growth of 78%.
  • EBITDA for the six-month period ended June 30, 2020, reached CAD$832,000 compared to a loss of CAD$112,000 for the six months period ended June 30, 2020.
  • Non-GAAP EBITDA for the six months period ended June 30, 2020, reached CAD$1,137,000.
  • Project revenue stream increased substantially to CAD$6.4 million compared to …

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