New Risk • May 05
New major risk - Financial position The company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -US$43k This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-US$43k free cash flow). Shares are highly illiquid. Negative equity (-US$5.6m). Earnings have declined by 7.3% per year over the past 5 years. Revenue is less than US$1m (US$345k revenue). Market cap is less than US$10m (CA$520.7k market cap, or US$382.1k). Reported Earnings • May 05
Full year 2025 earnings released: US$0.017 loss per share (vs US$0.25 loss in FY 2024) Full year 2025 results: US$0.017 loss per share (improved from US$0.25 loss in FY 2024). Revenue: US$345.0k (down 90% from FY 2024). Net loss: US$259.0k (loss narrowed 93% from FY 2024). Reported Earnings • Nov 28
Third quarter 2025 earnings released: US$0.001 loss per share (vs US$0.081 loss in 3Q 2024) Third quarter 2025 results: US$0.001 loss per share (improved from US$0.081 loss in 3Q 2024). Revenue: US$67.0k (down 87% from 3Q 2024). Net loss: US$157.0k (loss narrowed 87% from 3Q 2024). Annuncio • Sep 11
Water Ways Technologies Inc. announced that it expects to receive CAD 1 million in funding Water Ways Technologies Inc. announced a non-brokered private placement (the “Offering”) of up to 20,000,000 Units at a price of CAD 0.05 per Unit for gross proceeds of up to CAD 1,000,000 on September 10, 2025. Each Unit shall consist of one Common Share and one Common Share purchase warrant (a “Warrant”). Each Warrant shall entitle the holder to acquire one Common Share (a “Warrant Share”), at an exercise price of CAD 0.07 per Warrant Share, for a period of two years from the closing date of the Offering. The Offering is expected to close on or about September 30, 2025, and is subject to customary closing conditions, including the approval of the TSX Venture Exchange (the “TSXV”). All securities issued pursuant to the Offering will be subject to a statutory hold period of four months and one day in accordance with applicable securities laws and the policies of the TSXV. Reported Earnings • Aug 15
Second quarter 2025 earnings released: US$0.002 loss per share (vs US$0.001 loss in 2Q 2024) Second quarter 2025 results: US$0.002 loss per share (further deteriorated from US$0.001 loss in 2Q 2024). Revenue: US$119.0k (down 87% from 2Q 2024). Net loss: US$282.0k (loss widened 72% from 2Q 2024). Board Change • Jul 02
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 4 experienced directors. No highly experienced directors. Independent Director James Lanthier was the last director to join the board, commencing their role in 2019. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • May 31
First quarter 2025 earnings released: EPS: US$0.004 (vs US$0.001 loss in 1Q 2024) First quarter 2025 results: EPS: US$0.004 (up from US$0.001 loss in 1Q 2024). Revenue: US$129.0k (down 92% from 1Q 2024). Net income: US$558.0k (up US$700.0k from 1Q 2024). Annuncio • Dec 11
Water Ways Technologies Inc., Annual General Meeting, Feb 10, 2025 Water Ways Technologies Inc., Annual General Meeting, Feb 10, 2025. Reported Earnings • Nov 28
Third quarter 2024 earnings released: US$0.008 loss per share (vs US$0.001 profit in 3Q 2023) Third quarter 2024 results: US$0.008 loss per share (down from US$0.001 profit in 3Q 2023). Revenue: US$526.0k (down 57% from 3Q 2023). Net loss: US$1.21m (down US$1.31m from profit in 3Q 2023). Reported Earnings • Aug 31
Second quarter 2024 earnings released: US$0.001 loss per share (vs US$0.002 loss in 2Q 2023) Second quarter 2024 results: US$0.001 loss per share (improved from US$0.002 loss in 2Q 2023). Revenue: US$933.0k (down 46% from 2Q 2023). Net loss: US$164.0k (loss narrowed 35% from 2Q 2023). Over the last 3 years on average, earnings per share has increased by 19% per year but the company’s share price has fallen by 61% per year, which means it is significantly lagging earnings. Annuncio • Aug 27
Water Ways Technologies Inc. Announces Resignation of Jay Richardson as Director Water Ways Technologies Inc. announced the resignation of Jay Richardson as a director of the company with immediate effect. New Risk • Jan 31
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Canadian stocks, typically moving 19% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-US$2.6m free cash flow). Share price has been highly volatile over the past 3 months (19% average weekly change). Earnings have declined by 0.1% per year over the past 5 years. Market cap is less than US$10m (CA$4.46m market cap, or US$3.32m). Board Change • Dec 24
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 4 experienced directors. No highly experienced directors. Independent Director James Lanthier was the last director to join the board, commencing their role in 2019. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Annuncio • Dec 20
Water Ways Technologies Inc. Announces Resignation of Nitin Kaushal from the Board Water Ways Technologies Inc. announced that Mr. Nitin Kaushal has resigned from the Board to pursue other business. Reported Earnings • Dec 01
Third quarter 2023 earnings released: EPS: US$0.001 (vs US$0.003 loss in 3Q 2022) Third quarter 2023 results: EPS: US$0.001 (up from US$0.003 loss in 3Q 2022). Revenue: US$1.23m (down 39% from 3Q 2022). Net income: US$100.0k (up US$478.0k from 3Q 2022). Profit margin: 8.1% (up from net loss in 3Q 2022). The move to profitability was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 40% per year but the company’s share price has fallen by 11% per year, which means it is significantly lagging earnings. Annuncio • Nov 29
Water Ways Technologies Inc. Announces CFO Changes Water Ways Technologies Inc. announced, that effective November 26, 2023, the appointment of Mr. Asi Levi as Water Ways' CFO. Mr. Levi will be replacing Mr. Dor Sneh, who will continue to provide consulting services to the Company. Mr. Levi, who holds a B. A in Business Management and Accounting from the College of Management, Rishon LeZion, received his Certified Public Accountant designation in Israel. Mr. Levi has over 6 years of experience working with public US, Canadian and multi-jurisdictional public companies. Mr. Levi began his career in public accounting at Deloitte. Annuncio • Oct 31
Water Ways Technologies Inc., Annual General Meeting, Dec 29, 2023 Water Ways Technologies Inc., Annual General Meeting, Dec 29, 2023. New Risk • Oct 13
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Canadian stocks, typically moving 12% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-US$2.7m free cash flow). Earnings have declined by 8.9% per year over the past 5 years. Market cap is less than US$10m (CA$5.21m market cap, or US$3.80m). Minor Risks Share price has been volatile over the past 3 months (12% average weekly change). Shareholders have been diluted in the past year (2.0% increase in shares outstanding). Reported Earnings • Sep 03
Second quarter 2023 earnings released: US$0.002 loss per share (vs US$0.018 profit in 2Q 2022) Second quarter 2023 results: US$0.002 loss per share (down from US$0.018 profit in 2Q 2022). Revenue: US$1.72m (down 55% from 2Q 2022). Net loss: US$254.0k (down 110% from profit in 2Q 2022). Over the last 3 years on average, earnings per share has increased by 28% per year but the company’s share price has fallen by 12% per year, which means it is significantly lagging earnings. New Risk • Aug 16
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 2.0% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). High level of non-cash earnings (176% accrual ratio). Market cap is less than US$10m (CA$9.67m market cap, or US$7.17m). Minor Risk Shareholders have been diluted in the past year (2.0% increase in shares outstanding). Reported Earnings • Jun 03
First quarter 2023 earnings released: EPS: US$0.002 (vs US$0.003 in 1Q 2022) First quarter 2023 results: EPS: US$0.002 (down from US$0.003 in 1Q 2022). Revenue: US$3.04m (down 17% from 1Q 2022). Net income: US$264.0k (down 41% from 1Q 2022). Profit margin: 8.7% (down from 12% in 1Q 2022). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 20% per year whereas the company’s share price has increased by 18% per year. Reported Earnings • May 03
Full year 2022 earnings released: EPS: US$0.014 (vs US$0.046 loss in FY 2021) Full year 2022 results: EPS: US$0.014 (up from US$0.046 loss in FY 2021). Revenue: US$10.8m (down 33% from FY 2021). Net income: US$2.07m (up US$7.48m from FY 2021). Profit margin: 19% (up from net loss in FY 2021). The move to profitability was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 7% per year whereas the company’s share price has increased by 12% per year. Reported Earnings • Dec 02
Third quarter 2022 earnings released: US$0.003 loss per share (vs US$0.016 loss in 3Q 2021) Third quarter 2022 results: US$0.003 loss per share (improved from US$0.016 loss in 3Q 2021). Revenue: US$2.01m (down 30% from 3Q 2021). Net loss: US$378.0k (loss narrowed 82% from 3Q 2021). Over the last 3 years on average, earnings per share has fallen by 11% per year but the company’s share price has increased by 47% per year, which means it is well ahead of earnings. Board Change • Nov 16
Less than half of directors are independent Following the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 4 non-independent directors. Independent Director Jay Richardson was the last independent director to join the board, commencing their role in 2020. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Annuncio • Nov 01
Water Ways Technologies Inc., Annual General Meeting, Dec 29, 2022 Water Ways Technologies Inc., Annual General Meeting, Dec 29, 2022. Annuncio • Sep 30
Water Ways Technologies Inc. (TSXV:WWT) acquired 51% stake in Desarrollo de Sistemas Hidraulicos S.A. Water Ways Technologies Inc. (TSXV:WWT) entered into an agreement to acquire 51% stake in Desarrollo de Sistemas Hidraulicos S.A. for $3.5 million on January 12, 2022. Water Ways Technologies Inc. shall pay $2 million in cash along with issuance of 5.68 million shares. Desarrollo de Sistemas Hidraulicos S.A generated Revenues, EBITDA, EBIT and Total Assets of $7.9 million, $0.8 million, $0.7 million and $3.8 million respectively. The transaction is subject to satisfactory completion of a due diligence review of Hidrotop, the determination of the appropriate structure of the transaction and execution of a definitive agreement relating to the transaction. The transaction is subject to the fulfillment of certain conditions precedent as are customary for transactions of this nature including the approval of the TSX Venture Exchange. The completion of the transaction is anticipated to be on or before February 28, 2022. The deal is expected to close by mid May, 2022 or such later date as may be mutually agreed upon between the parties. As of June 9, 2022, transaction is progressing in a positive manner and the parties are in final stages of negotiating the definitive terms of the purchase and sale. The parties expect to sign a definitive SPA on or prior to June 30, 2022. The SPA will provide that closing of the acquisition will be subject to certain conditions including the approval of the TSX Venture Exchange. As on August 23, 2022, that its board of directors has today approved the execution of a definitive agreement for the acquisition of 51% of the shares of the Chilean smart irrigation provider, Desarrollo de Sistemas Hidraulicos S.A. As of September 15, 2022, TSX Venture Exchange has accepted for filing documentation.
Water Ways Technologies Inc. (TSXV:WWT) completed the acquisition of 51% stake in Desarrollo de Sistemas Hidraulicos S.A. on September 29, 2022. Reported Earnings • Aug 26
Second quarter 2022 earnings released: EPS: US$0.018 (vs US$0.001 loss in 2Q 2021) Second quarter 2022 results: EPS: US$0.018 (up from US$0.001 loss in 2Q 2021). Revenue: US$3.79m (down 30% from 2Q 2021). Net income: US$2.66m (up US$2.76m from 2Q 2021). Profit margin: 70% (up from net loss in 2Q 2021). The move to profitability was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 19% per year but the company’s share price has increased by 27% per year, which means it is well ahead of earnings. Annuncio • Jul 23
Water Ways Technologies Inc. announced that it has received CAD 0.746 million in funding On July 22, 2022, Water Ways Technologies Inc. closed the transaction. The company issued 746 convertible debenture units for gross proceeds of CAD 746,000. Exiteam Capital Partners Ltd acted as finder to the the company and will receive CAD 52,220 in cash, being an amount equal to 7% of the convertible debenture gross proceeds and issue 149,200 convertible debentures finder warrants, being an amount equal to 7% of the convertible debenture units sold pursuant to the offering. Each convertible debenture finder warrant will be exercisable into one common share of the company until July 22, 2024, upon payment by the holder thereof of CAD 0.35 per convertible debenture finder warrant. Annuncio • Jun 28
Water Ways Technologies Inc. announced that it expects to receive CAD 1 million in funding Water Ways Technologies Inc announced a private placement of up to 1,000 convertible debenture units at a price of CAD 1,000 per convertible debenture unit, for gross proceeds of up to CAD 1,000,000 on June 27, 2022. Each convertible debenture unit is comprised of one unsecured convertible debenture with a principal amount of CAD 1,000 and 2,857 common share purchase warrant with each convertible debenture warrant exercisable, upon payment of an additional CAD 0.45, into one additional common share in the capital of the Company. If the company does not repay the subscription price on or before the date that is 24 months from the closing date, the term will be extended by an additional 12 months and the company will be obligated to pay a penalty in cash only, equal to 10% of any amounts of the subscription price that were outstanding and not repaid at the end of the term. The convertible debentures shall bear an annual interest rate of 8% payable quarterly in cash only. The convertible debentures are subject to conversion into common shares, at the option of the holder, at a conversion price of CAD 0.35 per common share. The transaction may close in one or more tranches. The company expects to pay finder's fees in association with the financing, payable in cash, of up to 7% of the gross proceeds, as well as the issuance of finder warrants as is equal to 7% of the convertible debenture units sold. Each convertible debenture finder warrant will be exercisable into a Common Share of the Company upon payment by the holder thereof of CAD 0.35 per convertible debenture finder warrant. Closing of the Financing is conditional of receipt of all regulatory approvals including the approval of the TSX Venture Exchange. Reported Earnings • May 28
First quarter 2022 earnings released: EPS: US$0.003 (vs US$0.002 in 1Q 2021) First quarter 2022 results: EPS: US$0.003 (up from US$0.002 in 1Q 2021). Revenue: US$3.67m (down 15% from 1Q 2021). Net income: US$449.0k (up 184% from 1Q 2021). Profit margin: 12% (up from 3.7% in 1Q 2021). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 24% per year but the company’s share price has increased by 13% per year, which means it is well ahead of earnings. Reported Earnings • Apr 29
Full year 2021 earnings released: US$0.046 loss per share (vs US$0.012 loss in FY 2020) Full year 2021 results: US$0.046 loss per share (down from US$0.012 loss in FY 2020). Revenue: US$16.2m (up 71% from FY 2020). Net loss: US$5.41m (loss widened 383% from FY 2020). Over the last 3 years on average, earnings per share has fallen by 30% per year but the company’s share price has increased by 15% per year, which means it is well ahead of earnings. Board Change • Apr 27
Less than half of directors are independent Following the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 4 non-independent directors. Independent Director Jay Richardson was the last independent director to join the board, commencing their role in 2020. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Annuncio • Jan 13
Water Ways Technologies Inc. (TSXV:WWT) entered into an agreement to acquire 51% stake in Desarrollo de Sistemas Hidraulicos S.A. for $3.5 million. Water Ways Technologies Inc. (TSXV:WWT) entered into an agreement to acquire 51% stake in Desarrollo de Sistemas Hidraulicos S.A. for $3.5 million on January 12, 2022. Water Ways Technologies Inc. shall pay $2 million in cash along with issuance of 5.68 million shares. The transaction is subject to satisfactory completion of a due diligence review of Hidrotop, the determination of the appropriate structure of the transaction and execution of a definitive agreement relating to the transaction. The transaction is subject to the fulfillment of certain conditions precedent as are customary for transactions of this nature including the approval of the TSX Venture Exchange. The completion of the transaction is anticipated to be on or before February 28, 2022 Board Change • Dec 06
High number of new and inexperienced directors There are 5 new directors who have joined the board in the last 3 years. The company's board is composed of: 5 new directors. No experienced directors. No highly experienced directors. Independent Director Yehuda Doron is the most experienced director on the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Reported Earnings • Dec 01
Third quarter 2021 earnings: Revenues and EPS in line with analyst expectations Third quarter 2021 results: US$0.016 loss per share (down from US$0.003 loss in 3Q 2020). Revenue: US$2.89m (up 50% from 3Q 2020). Net loss: US$2.13m (loss widened US$1.83m from 3Q 2020). Revenue was in line with analyst estimates. Executive Departure • Sep 01
Chief Financial Officer Guy Nathanzon has left the company On the 28th of August, Guy Nathanzon's tenure as Chief Financial Officer ended after less than a year in the role. We don't have any record of a personal shareholding under Guy's name. A total of 2 executives have left over the last 12 months. Reported Earnings • Aug 31
Second quarter 2021 earnings released: US$0.001 loss per share (vs US$0.002 loss in 2Q 2020) The company reported a solid second quarter result with reduced losses, improved revenues and improved control over expenses. Second quarter 2021 results: Revenue: US$5.41m (up 98% from 2Q 2020). Net loss: US$96.0k (loss narrowed 30% from 2Q 2020). Recent Insider Transactions • Jul 31
President recently sold CA$240k worth of stock On the 29th of July, Ohad Haber sold around 2m shares on-market at roughly CA$0.12 per share. This was the largest sale by an insider in the last 3 months. Ohad has been a seller over the last 12 months, reducing personal holdings by CA$252k. Annuncio • Jul 01
Water Ways Technologies Inc. announced that it expects to receive CAD 4 million in funding Water Ways Technologies Inc. (TSXV:WWT) announced a private placement of up to 33,333,333 units at a price of CAD 0.12 per unit, for gross proceeds of up to CAD 4,000,000 on June 30, 2021. Each unit is composed of one common share and one common share purchase warrant. Each warrant entitles the holder thereof to acquire one additional common share, upon payment to the company of CAD 0.18 per share until June 30, 2024, however, that if, following July 1, 2022, the volume weighted average price of the common shares of the company for any 10 consecutive trading days equals or exceeds CAD 0.24, the company may, upon providing written notice to the holders of the warrants, accelerate the expiry date of the warrants to the date that is 30 days following the date of such written notice. The company expects to pay cash finder's fees of up to 8% of the gross proceeds and will issue that number of finders warrants as is equal to 8% of the units sold in the transaction. Each finder warrant will be exercisable into a unit upon payment by the holder thereof of CAD 0.12 per unit. The transaction is conditional of receipt of all regulatory approvals including the approval of the TSX Venture Exchange.
On the same date, the company has issued 27,016,666 units for gross proceeds of CAD 3,241,999.92 in its first tranche. In connection with the first tranche closing, the company will issue 2,161,333 finder warrants and pay a cash commission of CAD 259,360. The transaction is expected to close by July 7, 2021. Reported Earnings • May 03
Full year 2020 earnings released: US$0.012 loss per share (vs US$0.027 loss in FY 2019) The company reported a decent full year result with reduced losses and improved control over expenses, although revenues were weaker. Full year 2020 results: Revenue: US$9.48m (down 1.6% from FY 2019). Net loss: US$1.12m (loss narrowed 53% from FY 2019). Annuncio • Feb 17
Water Ways Technologies Inc. Signs CAD 4 Million Cotton Irrigation Project in Central Asia Water Ways Technologies Inc. announced the signing, effective January 28, 2021, of a contract for a large cotton irrigation project in Uzbekistan. The value of the project is approximately CAD 4,054,000 and is to be completed in the second quarter of 2021. Water Ways was chosen to execute the project with the same customer for which the Company completed a very successful implementation of a similar project in Uzbekistan in 2019. The Water Ways solution deploys fully automated drip irrigation technology across a field of 1,200 hectares of cotton and includes 4 reservoirs totaling 141,000 cubic metre for water security and sedimentation of silt, fed by water channels. Water Ways will provide assistance implementing and optimizing the technology in order to improve the yield and output of the farm. Water Ways believes that it is well positioned to continue to provide drip irrigation technology to the Central Asian cotton producer market given its track record, expertise and local government mandates for water and soil conservation. Recently, flood irrigation has caused numerous environmental problems in Uzbekistan, including soil salinity, which may lead to soil erosion, detrimental effects on future crops, sedimentation problems and damage to infrastructure. Drip irrigation can lower soil salinity significantly and, combined with fertigation practices, increase yields for the growers whilst conserving water. Annuncio • Feb 10
Water Ways Technologies Inc. Receives Its Fifth Commercial and First International Order for Its Medical Cannabis IOT Irrigation and Fertilization System Water Ways Technologies Inc. announced that it has received its fifth commercial and first international order for its Medical Cannabis IOT Irrigation and fertilization system. The CAD 160,000 order was received from a Licensed Producer in Southern Africa who is currently building a 10,000 Square meters (approximately 110,000 Sq. ft.) Medical Cannabis Cultivation facility. The order was received through a greenhouse integrator who is building the complete facility. The system is an Internet of Things controlled irrigation and fertilization system for Cannabis cultivators and growers. Water Ways believes the system is one of the first in the world that was designed for the specific needs of Cannabis growers and cultivators worldwide. The Company expects to deliver and install the system by the end of May 2021. Annuncio • Jan 29
Water Ways Technologies Inc. Announces CAD 233,000 Order for Its Medical Cannabis IOT Precise Irrigation and Fertilization System Water Ways Technologies Inc. announced that it received the fourth commercial order in Israel since December 2019, for its Medical Cannabis IOT Irrigation and fertilization systems. The CAD 233,000 order was received from an Israeli Licensed Producer who is currently building a 7,000 Square meters (approximately 75,000 Square feet) Medical Cannabis cultivation facility in Israel. The system is an Internet of Things ("IOT") controlled irrigation and fertilization system for Cannabis cultivators and growers. Water Ways believes the system is one of the first in the world that was designed for the specific needs of Cannabis growers and cultivators worldwide. The Company expects to deliver and install the system by the end of April 2021 and will recognize revenue from the project within the first six months of 2021. The purpose of the IOT system is to increase the yield and consistency for cannabis growers and cultivators while maintaining high quality, as well as reducing energy, water, and fertilization costs. The system was developed in Israel by the Company's Research and Development staff of engineers using the Company's unique knowhow gained in the irrigation industry. The system is comprised of the following components: A precise drip irrigation system to maximize the cannabis plant's nutritional absorption together with full monitoring & control of the plant water content & nutrition availability during the different growing stages. A fertilizing system composed of the following main components: raw fertilizer tanks and dosing pumps that inject accurate fertilizer formulation into the different compartments of the facility. Drainage collection, filtration, and water treatment systems. An IOT Control gateway. An IOT Control Gateway is an integral component of the system which is comprised of an industrial controller and integrated specially developed software to monitor and control various components of the cultivation project. The system provides control over the whole cultivation process by allowing the user to adjust the following features: Irrigation, fertilizing & filtration system. Climate system monitoring. Structural systems (benches, darkening & thermal screens, curtains, heating, dehumidification, ventilation, fans, etc.). The controller and software are connected and synchronized with a local controller or sensors within the facility. The controller gathers data in a local and remote cloud so the cultivation management staff can use this information to track trends, symptoms and manage correctly their facility. The controller software can be installed on smart phones, PCs, and local controller touch screens, allowing the growers to decide who is permitted to use the controller, and control it over the web remotely. Annuncio • Jan 20
Water Ways Signs A CAD 1.3 Million Irrigation Project in Central Asia Water Ways Technologies Inc. announced the signing, effective January 13, 2021, of a large scale irrigation project in Uzbekistan. The value of the project (aggregate revenue to the Company) is CAD $1,300,000. The project servicing a field of several crops including: 250 hectare of carrots, potatoes and corn and a 40 hectare almond grove, will be irrigated using the Company’s drip irrigation technology. Operation of the system will start in the next season with agronomic and technical assistance from WWT, to help the local farm in utilizing the new system and implementing agro-technical practices to improve the yield and output of the farm. Water Ways expects to recognize revenue from the project within the first 6 months of 2021. Annuncio • Jan 09
Water Ways Technologies Inc. Demonstrates Strong Backlog of Orders to Deliver Several Irrigation and Agricultural Components Totaling over CAD 3 Million Water Ways Technologies Inc. announced that, it has received orders totaling over CAD 3 Million, since October, 2020 of which CAD 1.8 Million have not been previously disclosed. The orders received included: Orders for agricultural and irrigation supplies from customers in Canada and the U.S. totaling over CAD 2.4 Million of which CAD 1.2 Million have not been previously disclosed; and Orders for irrigation products from a distributor in Peru totaling over CAD 0.6 Million. Annuncio • Dec 30
Water Ways Announces Appointment of Guy Nathanzon as Chief Financial Officer, Effective January 1, 2021 Water Ways Technologies Inc. announce that, effective January 1, 2021, Mr. Guy Nathanzon will serve as the Company’s new Chief Financial Officer ("CFO"). Mr. Nathanzon will oversee all accounting and finance functions, while providing strategic recommendations that ensure all financial solutions, support Water Ways' evolving growth strategy, vision and mission. Reported Earnings • Dec 02
Third quarter 2020 earnings released: US$0.003 loss per share The company reported a poor third quarter result with increased losses and weaker revenues and control over expenses. Third quarter 2020 results: Revenue: US$1.93m (down 38% from 3Q 2019). Net loss: US$295.0k (loss widened 35% from 3Q 2019). Annuncio • Nov 26
Water Ways Through Its Subsidiary IRRI-AL TAL (Shanghai) Agriculture Technology Company Ltd Receives First Blueberries Turnkey Irrigation Project in China Water Ways Technologies Inc. announced that its 73% owned Chinese subsidiary, IRRI-AL TAL (Shanghai) Agriculture Technology Company Ltd., has signed a contract to deliver and install a 200,000 sq./m turnkey irrigation project, for blueberries, in the Province of Yunnan in China. IRRI-AL TAL (Shanghai) is expected to deliver and install the project and recognize revenue partially during fourth quarter of 2020 and partially during first quarter of 2021. The total value of the order is approximately CAD 460,000. IRRI-AL TAL (Shanghai) signed the contract with a subsidiary of Driscoll. Water Ways expects to receive additional projects from the Client in 2021 assuming the successful installation in first quarter. 
