CONSOLIDATED WATER Announces First Quarter Earnings Results for FY2023

Earnings Overview

CONSOLIDATED WATER ($NASDAQ:CWCO) reported record numbers on March 31, 2023, for the first quarter of Fiscal Year 2023, ending on May 15, 2023. The company boasted a 68.0% increase in revenue to USD 32.9 million and a 121.5% increase in net income of USD 3.8 million, compared to the same period in the prior year.

Share Price

On Monday, CONSOLIDATED WATER announced its first quarter earnings results for FY2023, indicating a slight drop in the stock price. The stock opened at $17.7 but ended the day at $17.5, down by 0.9% from its closing price of $17.6 the previous day. It is evident that the market was not too pleased with CONSOLIDATED WATER’s financial performance since the start of the fiscal year.

However, a deeper analysis of the company’s financial statements revealed a more concerning situation. The company will have to work hard to improve their financial performance if they are to succeed in the upcoming quarters. Investors should watch out for how the company responds to this situation in order to determine its long-term prospects for success. Live Quote…

About the Company

Income Snapshot

Below shows the total revenue, net income and net margin for Consolidated Water. More…

Cash Flow Snapshot

Below shows the cash from operations, investing and financing for Consolidated Water. More…

Balance Sheet Snapshot

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

Key Ratios Snapshot

Some of the financial key ratios for Consolidated Water are shown below. More…

Analysis

At GoodWhale, we take a holistic approach to analyzing investments. We take a look at the financial and business aspects of a company, and our Risk Rating reflects this. When it comes to CONSOLIDATED WATER, we classify their risk as medium. This doesn’t mean it’s a bad investment, but it does mean there are both risks and opportunities for potential investors. To help you make an informed decision, we’ve detected two risk warnings in the income sheet and balance sheet of CONSOLIDATED WATER. To access the full details of these warnings, become a registered GoodWhale user. More…

Peers

The water industry is highly competitive, with companies vying for market share. In this report, we will compare the three main competitors in the water industry: Consolidated Water Co Ltd, Pure Cycle Corp, Eastern Water Resources Development and Management PCL, and Thu Duc Water. We will provide an overview of each company, their financial performance, and their competitive advantages and disadvantages.

– Pure Cycle Corp ($NASDAQ:PCYO)

Cycle Corp is engaged in the business of providing water and wastewater solutions to residential, commercial, and industrial customers in the United States. The company’s products and services include water and wastewater treatment systems, reverse osmosis systems, water softeners, and bottled water. It also provides engineering, construction, and maintenance services for water and wastewater treatment facilities.

– Eastern Water Resources Development and Management PCL ($SET:EASTW)

Eastern Water Resources Development and Management Public Company Limited (EASTWATER) is a Thailand-based company engaged in the water resources development and management. The Company operates three business segments: domestic water supply business, which provides tap water to residential and commercial customers in Phra Pradaeng District, Samut Prakan Province; wastewater management business, which treats wastewater from residential and commercial customers in Phra Pradaeng District, Samut Prakan Province; and other businesses, which include the provision of consultancy services on water resources development and management. Its domestic water supply business includes the development of water resources, construction of water treatment plants and water pipelines, as well as operation and maintenance of water treatment plants and water pipelines. Through its wastewater management business, the Company provides wastewater collection services and develops wastewater treatment plants.

Summary

Investors are bullish on CONSOLIDATED WATER, as the company reported strong financial results for the first quarter of FY2023. Revenue rose by 68.0% to USD 32.9 million, while net income increased by 121.5% to USD 3.8 million. This impressive performance was driven by a combination of increased demand and cost cutting measures.