CADIZ INC Reports Earnings Results for FY2023 Q2, Ending June 30 2023
August 13, 2023
🌥️Earnings Overview
On August 10th 2023, CADIZ INC ($NASDAQ:CDZI) released their earnings results for Q2 FY2023, which concluded on June 30th 2023. Compared to the same quarter last year, total revenue increased 400%, from 0.2 million to 0.8 million. Net income, however, rose by a lower margin, from -5.5 million to -7.1 million.
Share Price
On Thursday, CADIZ INC reported its earnings results for the second quarter of fiscal year 2023, ending June 30th 2023. The stock opened at $4.1 and closed at $4.2, marking a modest increase in share price. Overall, the company’s revenue was up 4% year-over-year, and its net income was $2 million higher than the same quarter in the prior year. The company’s board of directors expressed confidence that the company was in a strong financial position and would continue to deliver strong results in the coming quarters. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Cadiz Inc. More…
| Total Revenues | Net Income | Net Margin |
| 2.11 | -36.26 | -1317.3% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Cadiz Inc. More…
| Operations | Investing | Financing |
| -20.92 | -5.49 | 27.49 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Cadiz Inc. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 120.86 | 68.22 | 0.79 |
Key Ratios Snapshot
Some of the financial key ratios for Cadiz Inc are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 63.5% | – | -1150.3% |
| FCF Margin | ROE | ROA |
| -1219.7% | -26.8% | -12.6% |
Analysis
At GoodWhale, we recently conducted an analysis of CADIZ INC‘s wellbeing to help customers make informed decisions about their investments. After completing our assessment, we concluded that CADIZ INC is a medium risk investment in terms of financial and business aspects. To provide our customers with a more in-depth understanding of CADIZ INC, we detected three risk warnings in the income sheet, balance sheet, and cashflow statement. For more detailed information, become a registered user on our platform to check out our findings. 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.
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Summary
CADIZ INC‘s second-quarter results show a significant 400% increase in total revenue, from 0.2 million to 0.8 million, compared to the same quarter of the previous year. However, their net income decreased from -5.5 million to -7.1 million, a decrease of -1.6 million. Despite the increased revenues, the decreased net income is cause for concern for investors. Going forward, investors should monitor CADIZ INC’s profitability relative to its revenue and consider any potential risks to the company before adding it to their portfolio.
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