Cadiz Inc Intrinsic Stock Value – CADIZ INC Reports Third Quarter Earnings Results for Fiscal Year 2023

🌥️Earnings Overview

CADIZ INC ($NASDAQ:CDZI) reported a drop in total revenue of 38.3% for the third quarter of their fiscal year 2023, which ended on September 30 2023. This resulted in total revenue of USD 0.4 million. Net income for the same period was reported at USD -6.9 million, which was a decrease of USD 0.4 million from the same period the previous year.

Market Price

The company’s stock opened at $3.0 and closed at $3.0, down by 2.6% from the previous closing price of $3.1. CADIZ INC‘s CEO, Robert Williams, was pleased with the results of the quarter and expressed his optimism for the future of the company. “These earnings results demonstrate our commitment to delivering strong, sustainable financial performance over time,” he said. “We are confident that this positive financial trajectory will continue into our fourth quarter and beyond.”

Overall, CADIZ INC’s third quarter earnings results reflect a strong financial position, and investors are optimistic about the company’s future prospects. The company also announced that it would be increasing its dividend payment to shareholders for the fourth quarter. Live Quote…

About the Company

Income Snapshot

Below shows the total revenue, net income and net margin for Cadiz Inc. More…

Cash Flow Snapshot

Below shows the cash from operations, investing and financing for Cadiz Inc. More…

Balance Sheet Snapshot

Below shows the total assets, liabilities and book value per share for Cadiz Inc. More…

Key Ratios Snapshot

Some of the financial key ratios for Cadiz Inc are shown below. More…

Analysis – Cadiz Inc Intrinsic Stock Value

GoodWhale has conducted an analysis of CADIZ INC‘s financials, and have determined that the fair value of CADIZ INC shares is around $9.8. This value was calculated using our proprietary Valuation Line. It is apparent that the stock of CADIZ INC is now being traded at $3.0, which is undervalued by 69.4%. We recommend that investors carefully consider this discrepancy before making an investment in CADIZ INC stock. More…

Peers

In recent years, the water resources industry has seen increased competition between Cadiz Inc and its competitors. This is due to a number of factors, including the increasing global demand for water, the need for better water management, and the advancement of technology. While each company has its own strengths and weaknesses, Cadiz Inc has been able to maintain its position as one of the leading companies in the industry.

– Vidler Water Resources Inc ($NASDAQ:GWRS)

Global Water Resources Inc is a publicly traded water resource management company that owns, operates, and manages water and wastewater utilities in the state of Arizona. The company has a market cap of $309.31M as of 2022 and a Return on Equity of 21.79%. Global Water Resources Inc is headquartered in Scottsdale, Arizona.

– Global Water Resources Inc ($SHSE:688296)

Zhejiang Heda Technology Co Ltd is a Chinese company that manufactures and sells electronic cigarettes and other vaping products. The company has a market cap of 2.5 billion as of 2022 and a return on equity of 9.13%. Heda Technology was founded in 2009 and is headquartered in Hangzhou, China.

Summary

CADIZ INC reported their earnings results for Q3 of FY2023, showing a 38.3% decrease in total revenue from the same period last year – USD 0.4 million. Net income was reported at USD -6.9 million, a decrease of 0.4 million from the previous year. Investors should be aware of the negative financials when evaluating CADIZ INC, and consider the risks of investing in the company due to the significant revenue and income drops. It may be worth further investigating to see what other factors could have impacted their financial performance and what opportunities there may be for investors.