View Past PerformanceForward Water Technologies バランスシートの健全性財務の健全性 基準チェック /36Forward Water Technologiesの総株主資本はCA$1.6M 、総負債はCA$1.1Mで、負債比率は70.2%となります。総資産と総負債はそれぞれCA$3.3MとCA$1.7Mです。主要情報70.19%負債資本比率CA$1.12m負債インタレスト・カバレッジ・レシオn/a現金CA$667.55kエクイティCA$1.60m負債合計CA$1.72m総資産CA$3.32m財務の健全性に関する最新情報更新なしすべての更新を表示Recent updatesお知らせ • May 23Forward Water Technologies Corp Announces Patent Allowance for New Forward Osmosis TechnologyForward Water Technologies Corp. had been informed by the United States Patent and Trademark Office that its patent application for a new forward osmosis technology useful in the food and beverage sector has been allowed and issuance of the patent is anticipated in the next 3-4 weeks. Forward osmosis has long been known to enable the cold concentration of food and beverage products, which can include dairy, juices, caffeinated products and alcoholic beverages such as beer and wine. The resultant concentrates are known to be superior to those made using thermal evaporation and maintain the high quality of the original liquids. The challenge has been finding pathways to ensure this is an economically viable process. Forward Water in conjunction with Queen's University in Kingston Ontario Canada, has developed a new proprietary pathway to enable a cost-effective forward osmosis method to create these enhanced concentrates that could exceed the level of concentration previously achieved by others.New Risk • Mar 09New major risk - Financial positionThe company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -CA$1.5m 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 (-CA$1.5m free cash flow). Revenue is less than US$1m (CA$57k revenue, or US$42k). Market cap is less than US$10m (CA$2.75m market cap, or US$2.02m).New Risk • Mar 03New major risk - Financial positionThe company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -CA$1.5m 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 (-CA$1.5m free cash flow). Revenue is less than US$1m (CA$57k revenue, or US$42k). Market cap is less than US$10m (CA$2.25m market cap, or US$1.65m).Board Change • Dec 31High number of new directorsThere are 5 new directors who have joined the board in the last 3 years. Independent Director Mike Liik was the last director to join the board, commencing their role in 2024. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model.お知らせ • Nov 17Forward Water Technologies Corp., Annual General Meeting, Jan 07, 2026Forward Water Technologies Corp., Annual General Meeting, Jan 07, 2026.Reported Earnings • Aug 02Full year 2025 earnings released: CA$0.019 loss per share (vs CA$0.20 loss in FY 2024)Full year 2025 results: CA$0.019 loss per share (improved from CA$0.20 loss in FY 2024). Net loss: CA$702.8k (loss narrowed 68% from FY 2024). Over the last 3 years on average, earnings per share has increased by 57% per year but the company’s share price has fallen by 59% per year, which means it is significantly lagging earnings.お知らせ • Jul 31Forward Water Technologies Corp. announced that it expects to receive CAD 0.75 million in fundingForward Water Technologies Corp. announced a non-brokered private placement to issue 14% convertible debentures for gross proceeds of up to CAD 750,000 on July 31, 2025.The convertible debentures will mature on the date that is 36 months from the date of issuance and bear interest at 14% per annum, payable annually. Until the principal and all interest owing are paid, a holder shall have the option to convert the principal and all accrued interest owing pursuant to the convertible debenture into common shares of the company at a conversion price of CAD 0.07 per share during the first year of the term, and at a conversion price of CAD 0.10 thereafter, subject to customary adjustments. Certain insiders of the company intend to participate in the private placement and are expected to subscribe for at least 25% of the offering. Closing of the private placement is subject to the company obtaining all necessary corporate and regulatory approvals, including approval of the TSXV. The private placement will be conducted in reliance upon certain prospectus exemptions. Pursuant to applicable Canadian securities laws, all securities issued in connection with the private placement will be subject to a statutory hold period of four months plus a day from the date of issuance. The company may pay finders’ fees in connection with the private placement and in accordance with the policies of the TSXV.Board Change • May 15Less than half of directors are independentThere are 5 new directors who have joined the board in the last 3 years. Of these new board members, none were independent directors. The company's board is composed of: 1 independent director. 6 non-independent directors. Independent Director John Koehle was the last independent director to join the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity.Board Change • Apr 24Less than half of directors are independentThere are 5 new directors who have joined the board in the last 3 years. Of these new board members, none were independent directors. The company's board is composed of: 1 independent director. 6 non-independent directors. Independent Director John Koehle was the last independent director to join the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity.New Risk • Mar 19New minor risk - Financial data availabilityThe company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 2024. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risks Shares are highly illiquid. Negative equity (-CA$506k). Earnings have declined by 0.3% per year over the past 5 years. Shareholders have been substantially diluted in the past year (315% increase in shares outstanding). Revenue is less than US$1m (CA$77k revenue, or US$54k). Market cap is less than US$10m (CA$4.43m market cap, or US$3.10m). Minor Risk Latest financial reports are more than 6 months old (reported June 2024 fiscal period end).Board Change • Mar 17Less than half of directors are independentThere are 5 new directors who have joined the board in the last 3 years. Of these new board members, none were independent directors. The company's board is composed of: 1 independent director. 6 non-independent directors. Independent Director John Koehle was the last independent director to join the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity.お知らせ • Dec 11Forward Water Technologies Corp Announces Completion of First Trials for the Production of Lithium CarbonateForward Water Technologies Corp. in conjunction with CleanTech Lithium (CTL) and Conductive Energy Inc. have completed first trials for the production of lithium carbonate from brines sourced in Chile. CTL produced lithium brine eluate from their facilities in Chile and delivered these lithium rich brines to CE's operational site in Chicago, Illinois, USA. CE and FWTC then successfully processed the eluate brine to lithium carbonate using CE's chemical conversion technology and FWTC's proprietary iFO process for high strength brine concentration.Board Change • Nov 14Less than half of directors are independentFollowing the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 3 non-independent directors. Independent Director John Koehle was the last independent director to join the board, commencing their role in 2019. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.New Risk • Oct 02New major risk - Shareholder dilutionThe company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 356% This is considered a major 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 Shares are highly illiquid. Negative equity (-CA$506k). Earnings have declined by 0.3% per year over the past 5 years. Shareholders have been substantially diluted in the past year (356% increase in shares outstanding). Revenue is less than US$1m (CA$77k revenue, or US$57k). Market cap is less than US$10m (CA$5.90m market cap, or US$4.38m).お知らせ • Oct 01+ 1 more updateForward Water Technologies Corp. (TSXV:FWTC) completed the acquisition of Fraser Mackenzie Accelerator Corp. (TSXV:FMAC.P).Forward Water Technologies Corp. (TSXV:FWTC) entered into a letter of intent to acquire Fraser Mackenzie Accelerator Corp. (TSXV:FMAC.P) for CAD 4.3 million on May 13, 2024. The LOI was negotiated at arm's length. Forward Water Technologies Corp. (TSXV:FWTC) entered into a definitive agreement to acquire Fraser Mackenzie Accelerator Corp. (TSXV:FMAC.P) for CAD 2.9 million on July 22, 2024. The LOI contemplates that FWTC and FMAC will negotiate and enter into a definitive agreement including the following terms: All issued and outstanding FMAC Shares will be exchanged for FWTC Shares at an exchange ratio of 10.3666848 FWTC Shares for every one (1) FMAC Share with a total of 213,253,073 pre-Consolidation FWTC Shares being issued based on the 20,571,000 FMAC Shares that are issued and outstanding. Each outstanding option and warrant to purchase an FMAC Share will be exchanged for or converted into comparable FWTC options or FWTC broker warrants based on the Exchange Ratio with each such FWTC Option or FWTC Broker Warrant entitling the holder to purchase FWTC Shares at the applicable exercise prices, with the appropriate adjustments for the Exchange Ratio. Upon signing of the definitive agreement, It is now proposed that all issued and outstanding FMAC common shares (“FMAC Shares”) will be exchanged for FWTC Shares at an exchange ratio of approximately 0.95 FWTC Shares for every one (1) FMAC Share on a post-Consolidation basis (approximately 9.5 on a pre-Consolidation basis), (the “Exchange Ratio”) with a total of 19,547,931 post-Consolidation FWTC Shares being issued based on the 20,571,000 FMAC Shares that are currently issued and outstanding (which excludes any securities that will be issued in connection with the Concurrent Financing and the conversion of certain outstanding indebtedness). FMAC currently has issued and outstanding (i) 20,571,000 FMAC Shares, (ii) stock options to purchase 2,057,100 FMAC Shares and (iii) broker warrants to purchase 1,437,100 FMAC Shares. It is anticipated that FWTC will complete a "ten (10) old shares for one (1) new share" share consolidation (the " Consolidation ") immediately following completion of the Transaction. . If the Transaction is completed, at the Closing, it is expected that the management team of the Resulting Issuer will remain the management team of FWTC, but be supplemented by two additional officers, and the board of directors of the Resulting Issuer on Closing will be comprised of seven persons with four directors nominated by FMAC from among its current directors, remaining two directors nominated by FWTC one independent director to be agreed upon, all subject to TSXV approval. FMAC and its board of directors shall recommend to FMAC Shareholders that they vote in favour of and adopt and approve the Transaction and any materials presented to FMAC Shareholders shall include a statement to that effect. FWTC and its board of directors shall recommend to FWTC Shareholders that they vote in favour of and adopt and approve the FWTC Shareholder Meeting Matters and any materials presented to FWTC Shareholders shall include a statement to that effect. Ms. Lea M. Ray, and Messrs. Howie Honeyman, Andrew Pasternak, and Gerry Goldberg are expected to resign from the FWTC board of directors upon Closing, and Messrs. Philip Benson, Donald Bent, David Iacobelli, and Michael Liik are expected to be appointed to the FWTC board of directors upon Closing. If this Agreement is terminated by FWTC, it is required to pay break fee of CAD 50,000 to FMAC. If this Agreement is terminated by FMAC, it is required to pay CAD 50, 000 to FWTC. Completion of the Transaction is subject to a number of conditions, including but not limited to: satisfactory completion of due diligence; listing of securities of resulting issuer; execution of the Definitive Agreement by May 21, 2024; completion of the Concurrent Financing; advances of the FMAC Loan, and the amounts by First Line and SCA; FWTC's aggregate liabilities, after giving effect to the conversion of the FMAC Loan and the amounts advanced by First Line and SCA, not exceeding CAD 800,000, calculated immediately before Closing; FMAC's assets net of liabilities being at least CAD 1,250,000; receipt of all director and shareholder approvals of both FMAC and FWTC at the requisite shareholder approval thresholds, as well as acceptance of the TSXV; confirmation that no adverse material change in the business, affairs, financial condition or operations of FWTC or FMAC has occurred; and material compliance by both FWTC and FMAC with the LOI, except as superseded by the Definitive Agreement Also, two new Officers of the Resulting Issuer are expected to be appointed: Robert Eberschlag as Corporate Secretary and Michael Lambert as Executive Vice- President Business Development, Western Markets. As of July 22, 2024, Outside closing date of the transaction is September 30, 2024. TSX Trust Company acted as transfer agent to FWTC. Forward Water Technologies Corp. (TSXV:FWTC) completed the acquisition of Fraser Mackenzie Accelerator Corp. (TSXV:FMAC.P) on September 30, 2024. The combined company will continue to conduct the business operated by Forward Water Technologies Corp.お知らせ • Jul 30Forward Water Technologies Corp., Annual General Meeting, Sep 23, 2024Forward Water Technologies Corp., Annual General Meeting, Sep 23, 2024.Reported Earnings • Jul 28Full year 2024 earnings released: CA$0.02 loss per share (vs CA$0.022 loss in FY 2023)Full year 2024 results: CA$0.02 loss per share (improved from CA$0.022 loss in FY 2023). Net loss: CA$2.20m (loss narrowed 3.9% from FY 2023).Board Change • Jun 13High number of new and inexperienced directorsThere are 4 new directors who have joined the board in the last 3 years. The company's board is composed of: 4 new directors. 1 experienced director. No highly experienced directors. Independent Director John Koehle is the most experienced director on the board, commencing their role in 2019. The company’s lack of experienced directors is considered a risk according to the Simply Wall St Risk Model.お知らせ • Jun 13Forward Water Technologies Corp. Announces Resignation of Andrew Pasternak as Board of DirectorForward Water Technologies Corp. announced the resignation of Andrew Pasternak from the board of directors of the company. Mr. Pasternak has been aiding FWTC prior to its listing on the TSXV and well afterward.お知らせ • Nov 01Forward Water Technologies Corp. announced that it expects to receive CAD 3.326289 million in fundingForward Water Technologies Corp. announced a private placement of a minimum of 20,000,000 units a maximum of 40,000,000 units at a price of CAD 0.05 per unit and 26,525,774 units at a price of CAD 0.05 per unit as LIFE offering for the gross proceeds of CAD 1,326,288.70 for the gross proceeds of CAD 3,326,289 on October 31, 2023. Each unit will consist of one common share of the company and one share purchase warrant of the company. Each warrant will entitle the holder to purchase one share at a price of CAD 0.075 per warrant share. At the closing of the LIFE offering and concurrent private placement, the company shall pay to the agents a cash commission equal to 10.0% of the gross proceeds of the LIFE offering and concurrent private placement and will issue to the agents a number of non-transferable warrants of the company equal to 10.0% of the number of units sold under the LIFE offering and concurrent private placement. The LIFE offering and Concurrent Private Placement are scheduled to close on or around November 27, 2023. All securities issued in connection with the Concurrent Private Placement will, where applicable, be subject to a statutory hold period of four months and one day. All the securities are are subject to certain conditions including, but not limited to, receipt of all necessary approvals including satisfaction of listing conditions of the TSX Venture Exchange.お知らせ • Oct 24Forward Water Technologies Corp. announced that it has received CAD 0.462 million in fundingOn October 23, 2023, Forward Water Technologies Corp. closed the transaction. The company amended the terms of the transaction and issued 9,240,000 units at a price of CAD 0.05 per unit for the gross proceeds of CAD 462,000. Firstline Venture Partners Corporation subscribed for a total of 3,000,000 units pursuant to the offering, Lea Ray subscribed for a total of 180,000 units pursuant to the offering and Grant Thornley subscribed for a total of 60,000 units pursuant to the offering.New Risk • Oct 07New minor risk - Shareholder dilutionThe 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 Shares are highly illiquid. Earnings have declined by 17% per year over the past 5 years. Revenue is less than US$1m (CA$43k revenue, or US$32k). Market cap is less than US$10m (CA$5.41m market cap, or US$3.96m). Minor Risk Shareholders have been diluted in the past year (2.0% increase in shares outstanding).お知らせ • Sep 28Forward Water Technologies Corp. announced that it expects to receive CAD 0.5 million in fundingForward Water Technologies Corp. announced a non brokered private placement of up to 10,000,000 units at an issue price of CAD 0.05 per unit for the gross proceeds of CAD 500,000 on September 27, 2023. Each Unit will consist of one common share and one warrant each Warrant entitling the holder thereof to acquire an additional common share at an exercise price of CAD 0.075 per Warrant Share for a period of 36 months from the date of issuance. The transaction may include participation from certain insiders. The Private Placement is subject to the approval of the TSX Venture Exchange. The securities issued in connection with the Private Placement will be subject to a four month and one day hold period, in accordance with applicable securities laws.New Risk • Aug 30New major risk - Revenue and earnings growthEarnings have declined by 17% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. 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 (-CA$2.0m free cash flow). Shares are highly illiquid. Earnings have declined by 17% per year over the past 5 years. Revenue is less than US$1m (CA$43k revenue, or US$32k). Market cap is less than US$10m (CA$6.47m market cap, or US$4.77m).お知らせ • Jul 26Forward Water Technologies Corp., Annual General Meeting, Sep 21, 2023Forward Water Technologies Corp., Annual General Meeting, Sep 21, 2023.New Risk • Jul 24New minor risk - Shareholder dilutionThe company's shareholders have been diluted in the past year. Increase in shares outstanding: 2.1% 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 Less than 1 year of cash runway based on free cash flow trend (-CA$2.0m free cash flow). Shares are highly illiquid. Revenue is less than US$1m (CA$40k revenue, or US$30k). Market cap is less than US$10m (CA$7.01m market cap, or US$5.30m). Minor Risk Shareholders have been diluted in the past year (2.1% increase in shares outstanding).Board Change • Jul 10Insufficient new directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 6 experienced directors. No highly experienced directors. was the last director to join the board, commencing their role in . The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment.Board Change • Jun 16Insufficient new directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 6 experienced directors. No highly experienced directors. was the last director to join the board, commencing their role in . The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment.Board Change • May 05Insufficient new directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 6 experienced directors. No highly experienced directors. was the last director to join the board, commencing their role in . The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment.Board Change • Nov 16Insufficient new directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 6 experienced directors. No highly experienced directors. was the last director to join the board, commencing their role in . The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment.お知らせ • Jul 30Forward Water Technologies Corp., Annual General Meeting, Sep 29, 2022Forward Water Technologies Corp., Annual General Meeting, Sep 29, 2022.Board Change • Apr 27Less than half of directors are independentFollowing the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 4 non-independent directors. Independent Director Gerry Goldberg was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.Reported Earnings • Mar 02Third quarter 2022 earnings: Revenues and EPS in line with analyst expectationsThird quarter 2022 results: CA$0.02 loss per share. Net loss: CA$1.94m (flat on 3Q 2021). Revenue was in line with analyst estimates.財務状況分析短期負債: FWTCの 短期資産 ( CA$703.6K ) が 短期負債 ( CA$529.6K ) を超えています。長期負債: FWTCの短期資産 ( CA$703.6K ) は 長期負債 ( CA$1.2M ) をカバーしていません。デット・ツー・エクイティの歴史と分析負債レベル: FWTCの 純負債対資本比率 ( 28.4% ) は 満足できる 水準であると考えられます。負債の削減: FWTCは 5 年前には株主資本がマイナスでしたが、現在はプラスになっており、改善されています。貸借対照表キャッシュ・ランウェイ分析過去に平均して赤字であった企業については、少なくとも1年間のキャッシュ・ランウェイがあるかどうかを評価する。安定したキャッシュランウェイ: FWTCは、現在の フリーキャッシュフロー に基づくと、キャッシュランウェイ が 1 年未満です。キャッシュランウェイの予測: FWTCは、フリーキャッシュフローが毎年5.1 % の歴史的率で減少し続ける場合、キャッシュランウェイが 1 年未満になります。健全な企業の発掘7D1Y7D1Y7D1YCapital-goods 業界の健全な企業。View Dividend企業分析と財務データの現状データ最終更新日（UTC時間）企業分析2026/06/09 15:24終値2026/06/05 00:00収益2025/12/31年間収益2025/03/31データソース企業分析に使用したデータはS&P Global Market Intelligence LLC のものです。本レポートを作成するための分析モデルでは、以下のデータを使用しています。データは正規化されているため、ソースが利用可能になるまでに時間がかかる場合があります。パッケージデータタイムフレーム米国ソース例会社財務10年損益計算書キャッシュ・フロー計算書貸借対照表SECフォーム10-KSECフォーム10-Qアナリストのコンセンサス予想+プラス3年予想財務アナリストの目標株価アナリストリサーチレポートBlue Matrix市場価格30年株価配当、分割、措置ICEマーケットデータSECフォームS-1所有権10年トップ株主インサイダー取引SECフォーム4SECフォーム13Dマネジメント10年リーダーシップ・チーム取締役会SECフォーム10-KSECフォームDEF 14A主な進展10年会社からのお知らせSECフォーム8-K* 米国証券を対象とした例であり、非米国証券については、同等の規制書式および情報源を使用。特に断りのない限り、すべての財務データは1年ごとの期間に基づいていますが、四半期ごとに更新されます。これは、TTM（Trailing Twelve Month）またはLTM（Last Twelve Month）データとして知られています。詳細はこちら。分析モデルとスノーフレーク本レポートを生成するために使用した分析モデルの詳細は当社のGithubページでご覧いただけます。また、レポートの使用方法に関するガイドやYoutubeのチュートリアルも掲載しています。シンプリー・ウォールストリート分析モデルを設計・構築した世界トップクラスのチームについてご紹介します。業界およびセクターの指標私たちの業界とセクションの指標は、Simply Wall Stによって6時間ごとに計算されます。アナリスト筋Forward Water Technologies Corp. 0 これらのアナリストのうち、弊社レポートのインプットとして使用した売上高または利益の予想を提出したのは、 。アナリストの投稿は一日中更新されます。0
お知らせ • May 23Forward Water Technologies Corp Announces Patent Allowance for New Forward Osmosis TechnologyForward Water Technologies Corp. had been informed by the United States Patent and Trademark Office that its patent application for a new forward osmosis technology useful in the food and beverage sector has been allowed and issuance of the patent is anticipated in the next 3-4 weeks. Forward osmosis has long been known to enable the cold concentration of food and beverage products, which can include dairy, juices, caffeinated products and alcoholic beverages such as beer and wine. The resultant concentrates are known to be superior to those made using thermal evaporation and maintain the high quality of the original liquids. The challenge has been finding pathways to ensure this is an economically viable process. Forward Water in conjunction with Queen's University in Kingston Ontario Canada, has developed a new proprietary pathway to enable a cost-effective forward osmosis method to create these enhanced concentrates that could exceed the level of concentration previously achieved by others.
New Risk • Mar 09New major risk - Financial positionThe company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -CA$1.5m 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 (-CA$1.5m free cash flow). Revenue is less than US$1m (CA$57k revenue, or US$42k). Market cap is less than US$10m (CA$2.75m market cap, or US$2.02m).
New Risk • Mar 03New major risk - Financial positionThe company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -CA$1.5m 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 (-CA$1.5m free cash flow). Revenue is less than US$1m (CA$57k revenue, or US$42k). Market cap is less than US$10m (CA$2.25m market cap, or US$1.65m).
Board Change • Dec 31High number of new directorsThere are 5 new directors who have joined the board in the last 3 years. Independent Director Mike Liik was the last director to join the board, commencing their role in 2024. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model.
お知らせ • Nov 17Forward Water Technologies Corp., Annual General Meeting, Jan 07, 2026Forward Water Technologies Corp., Annual General Meeting, Jan 07, 2026.
Reported Earnings • Aug 02Full year 2025 earnings released: CA$0.019 loss per share (vs CA$0.20 loss in FY 2024)Full year 2025 results: CA$0.019 loss per share (improved from CA$0.20 loss in FY 2024). Net loss: CA$702.8k (loss narrowed 68% from FY 2024). Over the last 3 years on average, earnings per share has increased by 57% per year but the company’s share price has fallen by 59% per year, which means it is significantly lagging earnings.
お知らせ • Jul 31Forward Water Technologies Corp. announced that it expects to receive CAD 0.75 million in fundingForward Water Technologies Corp. announced a non-brokered private placement to issue 14% convertible debentures for gross proceeds of up to CAD 750,000 on July 31, 2025.The convertible debentures will mature on the date that is 36 months from the date of issuance and bear interest at 14% per annum, payable annually. Until the principal and all interest owing are paid, a holder shall have the option to convert the principal and all accrued interest owing pursuant to the convertible debenture into common shares of the company at a conversion price of CAD 0.07 per share during the first year of the term, and at a conversion price of CAD 0.10 thereafter, subject to customary adjustments. Certain insiders of the company intend to participate in the private placement and are expected to subscribe for at least 25% of the offering. Closing of the private placement is subject to the company obtaining all necessary corporate and regulatory approvals, including approval of the TSXV. The private placement will be conducted in reliance upon certain prospectus exemptions. Pursuant to applicable Canadian securities laws, all securities issued in connection with the private placement will be subject to a statutory hold period of four months plus a day from the date of issuance. The company may pay finders’ fees in connection with the private placement and in accordance with the policies of the TSXV.
Board Change • May 15Less than half of directors are independentThere are 5 new directors who have joined the board in the last 3 years. Of these new board members, none were independent directors. The company's board is composed of: 1 independent director. 6 non-independent directors. Independent Director John Koehle was the last independent director to join the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity.
Board Change • Apr 24Less than half of directors are independentThere are 5 new directors who have joined the board in the last 3 years. Of these new board members, none were independent directors. The company's board is composed of: 1 independent director. 6 non-independent directors. Independent Director John Koehle was the last independent director to join the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity.
New Risk • Mar 19New minor risk - Financial data availabilityThe company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 2024. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risks Shares are highly illiquid. Negative equity (-CA$506k). Earnings have declined by 0.3% per year over the past 5 years. Shareholders have been substantially diluted in the past year (315% increase in shares outstanding). Revenue is less than US$1m (CA$77k revenue, or US$54k). Market cap is less than US$10m (CA$4.43m market cap, or US$3.10m). Minor Risk Latest financial reports are more than 6 months old (reported June 2024 fiscal period end).
Board Change • Mar 17Less than half of directors are independentThere are 5 new directors who have joined the board in the last 3 years. Of these new board members, none were independent directors. The company's board is composed of: 1 independent director. 6 non-independent directors. Independent Director John Koehle was the last independent director to join the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity.
お知らせ • Dec 11Forward Water Technologies Corp Announces Completion of First Trials for the Production of Lithium CarbonateForward Water Technologies Corp. in conjunction with CleanTech Lithium (CTL) and Conductive Energy Inc. have completed first trials for the production of lithium carbonate from brines sourced in Chile. CTL produced lithium brine eluate from their facilities in Chile and delivered these lithium rich brines to CE's operational site in Chicago, Illinois, USA. CE and FWTC then successfully processed the eluate brine to lithium carbonate using CE's chemical conversion technology and FWTC's proprietary iFO process for high strength brine concentration.
Board Change • Nov 14Less than half of directors are independentFollowing the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 3 non-independent directors. Independent Director John Koehle was the last independent director to join the board, commencing their role in 2019. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.
New Risk • Oct 02New major risk - Shareholder dilutionThe company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 356% This is considered a major 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 Shares are highly illiquid. Negative equity (-CA$506k). Earnings have declined by 0.3% per year over the past 5 years. Shareholders have been substantially diluted in the past year (356% increase in shares outstanding). Revenue is less than US$1m (CA$77k revenue, or US$57k). Market cap is less than US$10m (CA$5.90m market cap, or US$4.38m).
お知らせ • Oct 01+ 1 more updateForward Water Technologies Corp. (TSXV:FWTC) completed the acquisition of Fraser Mackenzie Accelerator Corp. (TSXV:FMAC.P).Forward Water Technologies Corp. (TSXV:FWTC) entered into a letter of intent to acquire Fraser Mackenzie Accelerator Corp. (TSXV:FMAC.P) for CAD 4.3 million on May 13, 2024. The LOI was negotiated at arm's length. Forward Water Technologies Corp. (TSXV:FWTC) entered into a definitive agreement to acquire Fraser Mackenzie Accelerator Corp. (TSXV:FMAC.P) for CAD 2.9 million on July 22, 2024. The LOI contemplates that FWTC and FMAC will negotiate and enter into a definitive agreement including the following terms: All issued and outstanding FMAC Shares will be exchanged for FWTC Shares at an exchange ratio of 10.3666848 FWTC Shares for every one (1) FMAC Share with a total of 213,253,073 pre-Consolidation FWTC Shares being issued based on the 20,571,000 FMAC Shares that are issued and outstanding. Each outstanding option and warrant to purchase an FMAC Share will be exchanged for or converted into comparable FWTC options or FWTC broker warrants based on the Exchange Ratio with each such FWTC Option or FWTC Broker Warrant entitling the holder to purchase FWTC Shares at the applicable exercise prices, with the appropriate adjustments for the Exchange Ratio. Upon signing of the definitive agreement, It is now proposed that all issued and outstanding FMAC common shares (“FMAC Shares”) will be exchanged for FWTC Shares at an exchange ratio of approximately 0.95 FWTC Shares for every one (1) FMAC Share on a post-Consolidation basis (approximately 9.5 on a pre-Consolidation basis), (the “Exchange Ratio”) with a total of 19,547,931 post-Consolidation FWTC Shares being issued based on the 20,571,000 FMAC Shares that are currently issued and outstanding (which excludes any securities that will be issued in connection with the Concurrent Financing and the conversion of certain outstanding indebtedness). FMAC currently has issued and outstanding (i) 20,571,000 FMAC Shares, (ii) stock options to purchase 2,057,100 FMAC Shares and (iii) broker warrants to purchase 1,437,100 FMAC Shares. It is anticipated that FWTC will complete a "ten (10) old shares for one (1) new share" share consolidation (the " Consolidation ") immediately following completion of the Transaction. . If the Transaction is completed, at the Closing, it is expected that the management team of the Resulting Issuer will remain the management team of FWTC, but be supplemented by two additional officers, and the board of directors of the Resulting Issuer on Closing will be comprised of seven persons with four directors nominated by FMAC from among its current directors, remaining two directors nominated by FWTC one independent director to be agreed upon, all subject to TSXV approval. FMAC and its board of directors shall recommend to FMAC Shareholders that they vote in favour of and adopt and approve the Transaction and any materials presented to FMAC Shareholders shall include a statement to that effect. FWTC and its board of directors shall recommend to FWTC Shareholders that they vote in favour of and adopt and approve the FWTC Shareholder Meeting Matters and any materials presented to FWTC Shareholders shall include a statement to that effect. Ms. Lea M. Ray, and Messrs. Howie Honeyman, Andrew Pasternak, and Gerry Goldberg are expected to resign from the FWTC board of directors upon Closing, and Messrs. Philip Benson, Donald Bent, David Iacobelli, and Michael Liik are expected to be appointed to the FWTC board of directors upon Closing. If this Agreement is terminated by FWTC, it is required to pay break fee of CAD 50,000 to FMAC. If this Agreement is terminated by FMAC, it is required to pay CAD 50, 000 to FWTC. Completion of the Transaction is subject to a number of conditions, including but not limited to: satisfactory completion of due diligence; listing of securities of resulting issuer; execution of the Definitive Agreement by May 21, 2024; completion of the Concurrent Financing; advances of the FMAC Loan, and the amounts by First Line and SCA; FWTC's aggregate liabilities, after giving effect to the conversion of the FMAC Loan and the amounts advanced by First Line and SCA, not exceeding CAD 800,000, calculated immediately before Closing; FMAC's assets net of liabilities being at least CAD 1,250,000; receipt of all director and shareholder approvals of both FMAC and FWTC at the requisite shareholder approval thresholds, as well as acceptance of the TSXV; confirmation that no adverse material change in the business, affairs, financial condition or operations of FWTC or FMAC has occurred; and material compliance by both FWTC and FMAC with the LOI, except as superseded by the Definitive Agreement Also, two new Officers of the Resulting Issuer are expected to be appointed: Robert Eberschlag as Corporate Secretary and Michael Lambert as Executive Vice- President Business Development, Western Markets. As of July 22, 2024, Outside closing date of the transaction is September 30, 2024. TSX Trust Company acted as transfer agent to FWTC. Forward Water Technologies Corp. (TSXV:FWTC) completed the acquisition of Fraser Mackenzie Accelerator Corp. (TSXV:FMAC.P) on September 30, 2024. The combined company will continue to conduct the business operated by Forward Water Technologies Corp.
お知らせ • Jul 30Forward Water Technologies Corp., Annual General Meeting, Sep 23, 2024Forward Water Technologies Corp., Annual General Meeting, Sep 23, 2024.
Reported Earnings • Jul 28Full year 2024 earnings released: CA$0.02 loss per share (vs CA$0.022 loss in FY 2023)Full year 2024 results: CA$0.02 loss per share (improved from CA$0.022 loss in FY 2023). Net loss: CA$2.20m (loss narrowed 3.9% from FY 2023).
Board Change • Jun 13High number of new and inexperienced directorsThere are 4 new directors who have joined the board in the last 3 years. The company's board is composed of: 4 new directors. 1 experienced director. No highly experienced directors. Independent Director John Koehle is the most experienced director on the board, commencing their role in 2019. The company’s lack of experienced directors is considered a risk according to the Simply Wall St Risk Model.
お知らせ • Jun 13Forward Water Technologies Corp. Announces Resignation of Andrew Pasternak as Board of DirectorForward Water Technologies Corp. announced the resignation of Andrew Pasternak from the board of directors of the company. Mr. Pasternak has been aiding FWTC prior to its listing on the TSXV and well afterward.
お知らせ • Nov 01Forward Water Technologies Corp. announced that it expects to receive CAD 3.326289 million in fundingForward Water Technologies Corp. announced a private placement of a minimum of 20,000,000 units a maximum of 40,000,000 units at a price of CAD 0.05 per unit and 26,525,774 units at a price of CAD 0.05 per unit as LIFE offering for the gross proceeds of CAD 1,326,288.70 for the gross proceeds of CAD 3,326,289 on October 31, 2023. Each unit will consist of one common share of the company and one share purchase warrant of the company. Each warrant will entitle the holder to purchase one share at a price of CAD 0.075 per warrant share. At the closing of the LIFE offering and concurrent private placement, the company shall pay to the agents a cash commission equal to 10.0% of the gross proceeds of the LIFE offering and concurrent private placement and will issue to the agents a number of non-transferable warrants of the company equal to 10.0% of the number of units sold under the LIFE offering and concurrent private placement. The LIFE offering and Concurrent Private Placement are scheduled to close on or around November 27, 2023. All securities issued in connection with the Concurrent Private Placement will, where applicable, be subject to a statutory hold period of four months and one day. All the securities are are subject to certain conditions including, but not limited to, receipt of all necessary approvals including satisfaction of listing conditions of the TSX Venture Exchange.
お知らせ • Oct 24Forward Water Technologies Corp. announced that it has received CAD 0.462 million in fundingOn October 23, 2023, Forward Water Technologies Corp. closed the transaction. The company amended the terms of the transaction and issued 9,240,000 units at a price of CAD 0.05 per unit for the gross proceeds of CAD 462,000. Firstline Venture Partners Corporation subscribed for a total of 3,000,000 units pursuant to the offering, Lea Ray subscribed for a total of 180,000 units pursuant to the offering and Grant Thornley subscribed for a total of 60,000 units pursuant to the offering.
New Risk • Oct 07New minor risk - Shareholder dilutionThe 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 Shares are highly illiquid. Earnings have declined by 17% per year over the past 5 years. Revenue is less than US$1m (CA$43k revenue, or US$32k). Market cap is less than US$10m (CA$5.41m market cap, or US$3.96m). Minor Risk Shareholders have been diluted in the past year (2.0% increase in shares outstanding).
お知らせ • Sep 28Forward Water Technologies Corp. announced that it expects to receive CAD 0.5 million in fundingForward Water Technologies Corp. announced a non brokered private placement of up to 10,000,000 units at an issue price of CAD 0.05 per unit for the gross proceeds of CAD 500,000 on September 27, 2023. Each Unit will consist of one common share and one warrant each Warrant entitling the holder thereof to acquire an additional common share at an exercise price of CAD 0.075 per Warrant Share for a period of 36 months from the date of issuance. The transaction may include participation from certain insiders. The Private Placement is subject to the approval of the TSX Venture Exchange. The securities issued in connection with the Private Placement will be subject to a four month and one day hold period, in accordance with applicable securities laws.
New Risk • Aug 30New major risk - Revenue and earnings growthEarnings have declined by 17% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. 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 (-CA$2.0m free cash flow). Shares are highly illiquid. Earnings have declined by 17% per year over the past 5 years. Revenue is less than US$1m (CA$43k revenue, or US$32k). Market cap is less than US$10m (CA$6.47m market cap, or US$4.77m).
お知らせ • Jul 26Forward Water Technologies Corp., Annual General Meeting, Sep 21, 2023Forward Water Technologies Corp., Annual General Meeting, Sep 21, 2023.
New Risk • Jul 24New minor risk - Shareholder dilutionThe company's shareholders have been diluted in the past year. Increase in shares outstanding: 2.1% 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 Less than 1 year of cash runway based on free cash flow trend (-CA$2.0m free cash flow). Shares are highly illiquid. Revenue is less than US$1m (CA$40k revenue, or US$30k). Market cap is less than US$10m (CA$7.01m market cap, or US$5.30m). Minor Risk Shareholders have been diluted in the past year (2.1% increase in shares outstanding).
Board Change • Jul 10Insufficient new directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 6 experienced directors. No highly experienced directors. was the last director to join the board, commencing their role in . The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment.
Board Change • Jun 16Insufficient new directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 6 experienced directors. No highly experienced directors. was the last director to join the board, commencing their role in . The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment.
Board Change • May 05Insufficient new directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 6 experienced directors. No highly experienced directors. was the last director to join the board, commencing their role in . The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment.
Board Change • Nov 16Insufficient new directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 6 experienced directors. No highly experienced directors. was the last director to join the board, commencing their role in . The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment.
お知らせ • Jul 30Forward Water Technologies Corp., Annual General Meeting, Sep 29, 2022Forward Water Technologies Corp., Annual General Meeting, Sep 29, 2022.
Board Change • Apr 27Less than half of directors are independentFollowing the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 4 non-independent directors. Independent Director Gerry Goldberg was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.
Reported Earnings • Mar 02Third quarter 2022 earnings: Revenues and EPS in line with analyst expectationsThird quarter 2022 results: CA$0.02 loss per share. Net loss: CA$1.94m (flat on 3Q 2021). Revenue was in line with analyst estimates.