CADIZ INC Reports FY2023 Q1 Earnings Results Ending March 31 2023

🌥️Earnings Overview

On May 15 2023, CADIZ INC ($NASDAQ:CDZI) reported their financial results for the first quarter of FY2023, which ended on March 31 2023. Revenue for the quarter totalled USD 0.1 million, a decrease of 7.1% compared to the same period in the previous year. Net income for the quarter was USD -10.7 million, compared to a net loss of -5.9 million in Q1 of 2020.

Stock Price

CADIZ INC reported its financial results for the first quarter of FY2023, ending March 31, 2023 on Monday. The stock opened at $4.2 and closed at the same level, down 1.0% from its previous closing price of 4.2. The overall financial performance of the company was mixed, with some positive and negative indicators. On the positive side, the company reported an increase in total revenue, as well as an improvement in net income in comparison to the previous quarter. This was mainly driven by strong sales in the company’s core products and services. Additionally, CADIZ INC also saw improvement in its operating margins and operating expenses.

However, there were some areas that showed a decline in performance. The company reported a decrease in gross profit margin, a decrease in operating cash flows, and an increase in total liabilities. The company attributed these declines to higher costs associated with expanding into new markets and investing in new products and services. Overall, CADIZ INC appears to be performing relatively well during its first quarter of FY2023, although there are still areas that need to be improved. The company will continue to focus on driving revenue growth and managing its costs in order to ensure long-term success. 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

After analyzing the financials of CADIZ INC, GoodWhale has concluded that the company has a rather low health score of 2/10. This score is based on its cashflows and debt, and indicates that it is less likely to be able to pay off its debt and fund future operations. Further research has classified CADIZ INC as a ‘cheetah’, which is a type of company that has achieved high revenue or earnings growth but is considered less stable due to lower profitability. As a result, this type of company may be attractive to investors who are willing to take on more risk and have a greater focus on growth potential rather than short-term stability. In particular, CADIZ INC appears to be strong in terms of growth opportunities, but weak in terms of assets, dividends, and profitability. Therefore, investors should be aware of the potential risks associated with investing in this company. 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 has reported its earnings results for FY2023 Q1, ending on March 31 2023. Total revenue decreased by 7.1% over the past year, to reach USD 0.1 million. Net income was USD -10.7 million, a wider loss compared to the same period in 2020 of -5.9 million.

This could be a cause of concern for investors, as the company has seen a significant decrease in revenue and widening losses over the past year. Investors should consider the financial performance and risk associated with this company before making any investment decisions.