Cadiz (CDZI) 주식 개요는 자회사와 함께 미국에서 물 솔루션을 제공하고 있습니다. 자세히 보기CDZI 펀더멘털 분석스노우플레이크 점수가치 평가0/6미래 성장5/6과거 실적0/6재무 건전성2/6배당0/6강점수익은 매년 58.35% 증가할 것으로 예상됩니다.위험 분석cash runway 경력이 1년 미만입니다.모든 위험 점검 보기CDZI Community Fair Values Create NarrativeSee what others think this stock is worth. Follow their fair value or set your own to get alerts.Your Fair ValueUS$Current PriceUS$3.99128.0% 고평가 내재 할인율Growth estimate overAnnual revenue growth rate5 Yearstime period%/yrDecreaseIncreasePastFuture-45m89m2016201920222025202620282031Revenue US$89.5mEarnings US$14.9mAdvancedSet Fair ValueView all narrativesCadiz Inc. 경쟁사Pure CycleSymbol: NasdaqCM:PCYOMarket cap: US$254.5mArtesian ResourcesSymbol: NasdaqGS:ARTN.AMarket cap: US$337.7mYork WaterSymbol: NasdaqGS:YORWMarket cap: US$481.3mGlobal Water ResourcesSymbol: NasdaqGM:GWRSMarket cap: US$201.1m가격 이력 및 성과Cadiz 주가의 최고가, 최저가 및 변동 요약과거 주가현재 주가US$3.9952주 최고가US$6.9652주 최저가US$2.75베타1.811개월 변동-14.93%3개월 변동-22.22%1년 변동43.01%3년 변동-7.21%5년 변동-68.33%IPO 이후 변동-99.31%최근 뉴스 및 업데이트Recent Insider Transactions • May 29Independent Director recently bought US$508k worth of stockOn the 26th of May, Dave O'Hara bought around 111k shares on-market at roughly US$4.58 per share. This transaction increased Dave's direct individual holding by 16x at the time of the trade. This was the largest purchase by an insider in the last 3 months. This was the only on-market transaction from insiders over the last 12 months.Reported Earnings • May 20First quarter 2026 earnings: EPS and revenues miss analyst expectationsFirst quarter 2026 results: US$0.12 loss per share (improved from US$0.14 loss in 1Q 2025). Revenue: US$1.63m (down 45% from 1Q 2025). Net loss: US$9.92m (loss narrowed 8.6% from 1Q 2025). Revenue missed analyst estimates by 64%. Earnings per share (EPS) also missed analyst estimates by 12%. Revenue is forecast to grow 43% p.a. on average during the next 3 years, compared to a 6.4% growth forecast for the Water Utilities industry in the US. Over the last 3 years on average, earnings per share has increased by 9% per year but the company’s share price has fallen by 3% per year, which means it is significantly lagging earnings.공시 • Apr 21Cadiz Inc., Annual General Meeting, Jun 18, 2026Cadiz Inc., Annual General Meeting, Jun 18, 2026.공시 • Feb 04Cadiz, Inc. Appoints Dave O'Hara to Board of Directors, Effective February 4, 2026Cadiz Inc. announced that Mr. Dave O'Hara, a senior finance executive with extensive experience in corporate finance, commercial strategy and large-scale growth initiatives, has joined the Company's Board of Directors. Mr. O'Hara spent more than 20 years at Microsoft in senior executive leadership roles, most recently serving as Executive Vice President and Chief Financial Officer of Microsoft's Commercial Business Group. In that role, he was responsible for investment strategy, budgeting, forecasting, and financial analysis across some of the company's largest and most strategically important business units. His experience includes oversight of large-scale, long-duration capital investments such as data centers, cloud infrastructure, and global platform expansions. Earlier at Microsoft, Mr. O'Hara served as Chief Operating Officer of Microsoft Advertising and as Vice President of Business Development. Mr. O'Hara holds a Bachelor's degree in Economics and an MBA from the University of South Dakota. Mr. O'Hara's appointment to the Board is effective immediately.분석 기사 • Jan 14Is Cadiz (NASDAQ:CDZI) Using Too Much Debt?David Iben put it well when he said, 'Volatility is not a risk we care about. What we care about is avoiding the...Seeking Alpha • Dec 15Cadiz: The Mojave Groundwater Bank Takes A Financing Step Closer To RealitySummary Cadiz Inc. has raised $51 million for the first tranche of funding for its Mojave Groundwater Bank, and is chasing another $400 million in further financing from private equity. ATEC Water Systems saw year-over-year revenue growth of 42% with gross profit margins expanding to 50%. CDZI needs to raise more funds, with its cash position dropping to $4.4 million at the end of the third quarter against cash burn from operations of $7 million. The Series A Preferreds have rallied strongly this year, with their coupon currently driving a dividend yield of 11.3%. Read the full article on Seeking Alpha더 많은 업데이트 보기Recent updatesRecent Insider Transactions • May 29Independent Director recently bought US$508k worth of stockOn the 26th of May, Dave O'Hara bought around 111k shares on-market at roughly US$4.58 per share. This transaction increased Dave's direct individual holding by 16x at the time of the trade. This was the largest purchase by an insider in the last 3 months. This was the only on-market transaction from insiders over the last 12 months.Reported Earnings • May 20First quarter 2026 earnings: EPS and revenues miss analyst expectationsFirst quarter 2026 results: US$0.12 loss per share (improved from US$0.14 loss in 1Q 2025). Revenue: US$1.63m (down 45% from 1Q 2025). Net loss: US$9.92m (loss narrowed 8.6% from 1Q 2025). Revenue missed analyst estimates by 64%. Earnings per share (EPS) also missed analyst estimates by 12%. Revenue is forecast to grow 43% p.a. on average during the next 3 years, compared to a 6.4% growth forecast for the Water Utilities industry in the US. Over the last 3 years on average, earnings per share has increased by 9% per year but the company’s share price has fallen by 3% per year, which means it is significantly lagging earnings.공시 • Apr 21Cadiz Inc., Annual General Meeting, Jun 18, 2026Cadiz Inc., Annual General Meeting, Jun 18, 2026.공시 • Feb 04Cadiz, Inc. Appoints Dave O'Hara to Board of Directors, Effective February 4, 2026Cadiz Inc. announced that Mr. Dave O'Hara, a senior finance executive with extensive experience in corporate finance, commercial strategy and large-scale growth initiatives, has joined the Company's Board of Directors. Mr. O'Hara spent more than 20 years at Microsoft in senior executive leadership roles, most recently serving as Executive Vice President and Chief Financial Officer of Microsoft's Commercial Business Group. In that role, he was responsible for investment strategy, budgeting, forecasting, and financial analysis across some of the company's largest and most strategically important business units. His experience includes oversight of large-scale, long-duration capital investments such as data centers, cloud infrastructure, and global platform expansions. Earlier at Microsoft, Mr. O'Hara served as Chief Operating Officer of Microsoft Advertising and as Vice President of Business Development. Mr. O'Hara holds a Bachelor's degree in Economics and an MBA from the University of South Dakota. Mr. O'Hara's appointment to the Board is effective immediately.분석 기사 • Jan 14Is Cadiz (NASDAQ:CDZI) Using Too Much Debt?David Iben put it well when he said, 'Volatility is not a risk we care about. What we care about is avoiding the...Seeking Alpha • Dec 15Cadiz: The Mojave Groundwater Bank Takes A Financing Step Closer To RealitySummary Cadiz Inc. has raised $51 million for the first tranche of funding for its Mojave Groundwater Bank, and is chasing another $400 million in further financing from private equity. ATEC Water Systems saw year-over-year revenue growth of 42% with gross profit margins expanding to 50%. CDZI needs to raise more funds, with its cash position dropping to $4.4 million at the end of the third quarter against cash burn from operations of $7 million. The Series A Preferreds have rallied strongly this year, with their coupon currently driving a dividend yield of 11.3%. Read the full article on Seeking Alpha분석 기사 • Dec 12Revenues Tell The Story For Cadiz Inc. (NASDAQ:CDZI) As Its Stock Soars 27%Cadiz Inc. ( NASDAQ:CDZI ) shares have continued their recent momentum with a 27% gain in the last month alone. The...분석 기사 • Oct 11Cadiz Inc.'s (NASDAQ:CDZI) P/S Is Still On The Mark Following 38% Share Price BounceCadiz Inc. ( NASDAQ:CDZI ) shares have continued their recent momentum with a 38% gain in the last month alone. The...분석 기사 • Oct 08Is Cadiz (NASDAQ:CDZI) Using Too Much Debt?Warren Buffett famously said, 'Volatility is far from synonymous with risk.' When we think about how risky a company...분석 기사 • Aug 27Revenues Tell The Story For Cadiz Inc. (NASDAQ:CDZI) As Its Stock Soars 25%Cadiz Inc. ( NASDAQ:CDZI ) shares have continued their recent momentum with a 25% gain in the last month alone. Looking...분석 기사 • Jun 14Cadiz Inc.'s (NASDAQ:CDZI) P/S Is On The MarkWhen you see that almost half of the companies in the Water Utilities industry in the United States have price-to-sales...공시 • Apr 28Cadiz Inc., Annual General Meeting, Jun 12, 2025Cadiz Inc., Annual General Meeting, Jun 12, 2025.Seeking Alpha • Apr 17Cadiz: Are The Preferreds Back In Play?Summary Cadiz is facing intense free cash burn as its plan to extract water from an aquifer in California faces environmental opposition. The Mojave Groundwater Bank project faces an uncertain future, with no clear pathway yet to come online. Common shareholders face continued dilution, while the preferreds offer a 12.8% yield on cost. Read the full article on Seeking Alpha공시 • Mar 08Cadiz Inc. has filed a Follow-on Equity Offering in the amount of $20.0025 million.Cadiz Inc. has filed a Follow-on Equity Offering in the amount of $20.0025 million. Security Name: Common Stock Security Type: Common Stock Securities Offered: 5,715,000 Price\Range: $3.5 Discount Per Security: $0.25 Transaction Features: Registered Direct Offering공시 • Nov 05Cadiz Inc. has filed a Follow-on Equity Offering in the amount of $23.38 million.Cadiz Inc. has filed a Follow-on Equity Offering in the amount of $23.38 million. Security Name: Common Stock Security Type: Common Stock Securities Offered: 7,000,000 Price\Range: $3.34 Transaction Features: Registered Direct Offering분석 기사 • Nov 02Would Cadiz (NASDAQ:CDZI) Be Better Off With Less Debt?The external fund manager backed by Berkshire Hathaway's Charlie Munger, Li Lu, makes no bones about it when he says...공시 • Sep 19Cadiz Inc. Appoints Cathryn Rivera as Chief Operating OfficerCadiz Inc. announced the appointment of Cathryn Rivera as Chief Operating Officer (COO), effective as of September 16, 2024. The Company began expanding the management team earlier this year with the appointment of CEO Susan Kennedy. As COO, Rivera is expected to lead the Company's operations in the execution phase of its groundwater banking project and scaling deployment of water treatment technologies to remove constituents such as arsenic, Chromium 6 and "forever chemicals." Rivera served as Appointments Secretary for California Governor Gavin Newsom from 2019 to 2024, finding the right people with the right skills for over 3,000 positions responsible for governing the 5th largest economy in the world. Throughout her tenure at the heart of California's governance, Rivera was tapped by Governors to interface with businesses and industry leaders to address complex challenges, often in a crisis. At the outset of the COVID pandemic she led a team to establish a web-based service within 72 hours to allow the state to acquire COVID supplies for distribution, worked with the California Manufacturing and Technology Association to assist small businesses with converting operations to manufacture protective supplies, and created programs to help essential workers protect themselves and the public on the front lines of the pandemic. Most recently, Rivera established two new independent Offices, within the executive branch, including the Governor's Office of Land Use and Climate Innovation, to ensure efforts and actions directed by Executive Order would continue beyond the governor's tenure. Before joining the Newsom Administration, Rivera served as a Board Member on the Agricultural Labor Relations Board, at the nexus of a critical workforce and the $57 billion agricultural industry. In this role, Ms. Rivera helped develop a level playing field for farmworkers and a regulatory framework for mandatory mediation that survived a decade of legal challenges, including at the Supreme Court of the United States. From 1999 to 2002 Rivera was the Chief Deputy Cabinet Secretary for Governor Gray Davis, serving as the Governor's key liaison to state agencies, departments, and boards. In that role, Rivera was responsible for the development and implementation of administration policies for the largest, most complex government agencies including Health and Human Services Agency and Department of Corrections and Rehabilitation and Department of Food and Agriculture. Previously, Rivera served on the Board of Directors for Planned Parenthood Mar Monte, the largest affiliate of the national organization overseeing a $100 million budget with 35 health centers in 42 counties across California and Nevada. Rivera has held positions as Treasurer, Vice-Chair and Chair during her tenure on the board. Rivera received a B.S. in Business Management from Arizona State University, graduating from The Barrett Honors College. She obtained her law degree from the University of California, Berkeley where she was co-editor-in-chief of the La Raza Law Journal.공시 • Jul 26Cadiz Inc. Announces Appointment of David Sickey as Senior AdvisorCadiz Inc. announced the appointment of David Sickey, the former distinguished Chairman of the Coushatta Tribe, as Senior Advisor for Energy and Water Projects, effective immediately. Chairman Sickey, an 18-year veteran of tribal government, recently concluded two years of service as Senior Consultant to the U.S. Department of Energy's (DOE) Loan Programs Office focused particularly on the Tribal Energy Finance Program. As a Senior Consultant for the DOE's Loan Programs Office, Sickey played a pivotal role in the Tribal Energy Finance Program, a program which saw its funding increase from $2 billion to $20 billion under the Biden administration's Inflation Reduction Act. Sickey was instrumental in shaping the initiative to empower tribal nations with sustainable energy solutions, assisting tribes with financing a broad range of energy and infrastructure projects - from solar and wind to microgrids, fuel cells, virtual power plants and bioenergy projects. His analytical skills and strategic communications were instrumental in aligning the program with community values, while also respecting the sovereignty and driving economic development of tribal lands. Sickey was elected to the governing body of the Coushatta Tribe of Louisiana in 2003, and two years later became tribal Vice-Chairman. In 2017, Sickey was elected to the position of Tribal Chairman. During his eighteen years as a member of tribal government, Sickey was focused on restructuring and improving government programs, increasing funding for health, education, culture, welfare, and elder programs, and expanding economic development. As Tribal Chairman, Sickey was responsible for steering the Coushatta Tribe through the COVID-19 pandemic. He oversaw the procurement and provision of health services, worked with numerous federal agencies and officials to secure federal funding for his tribe, and navigated the tribe's multi-million business through the pandemic's unstable financial throes. Notwithstanding the shutdowns and other significant hurdles imposed by the COVID pandemic, the Coushatta Tribe's business grew stronger. Sickey also helped the Coushatta Tribe overcome the impacts of multiple natural disasters. He was instrumental in helping his tribe obtain millions of dollars in state and federal grants that benefited the tribe and its surrounding communities. Throughout his years of dedicated public service, Sickey positioned the Coushatta Tribe to be a leader in national native American affairs, a partner with the State of Louisiana, a player in federal matters affecting Indian tribes, and a force for positive change throughout the United States. Cadiz, with 45,000 acres of land and water in the Mojave Desert, is developing one of the groundwater banking projects in the Southwestern U.S. and is providing water supply and clean water technology to disadvantaged communities in the Colorado River Basin and California's Inland Empire and desert communities, including Tribes that presently lack access to clean, reliable water.분석 기사 • Jul 14Is Cadiz (NASDAQ:CDZI) Using Too Much Debt?Warren Buffett famously said, 'Volatility is far from synonymous with risk.' When we think about how risky a company...Reported Earnings • May 15First quarter 2024 earnings released: US$0.12 loss per share (vs US$0.19 loss in 1Q 2023)First quarter 2024 results: US$0.12 loss per share (improved from US$0.19 loss in 1Q 2023). Net loss: US$8.12m (loss narrowed 32% from 1Q 2023). Over the last 3 years on average, earnings per share has increased by 15% per year but the company’s share price has fallen by 38% per year, which means it is significantly lagging earnings.공시 • Apr 28Cadiz Inc., Annual General Meeting, Jun 11, 2024Cadiz Inc., Annual General Meeting, Jun 11, 2024, at 10:00 Pacific Standard Time. Agenda: To consider the election of nine members of the Board of Directors, each to serve until the next annual meeting of stockholders or until their respective successors have been elected and qualified; to consider the adoption of an amendment to Certificate of Incorporation to increase the number of authorized shares of common stock; and to discuss other matters.Recent Insider Transactions • Apr 22CEO & Chairman recently bought US$56k worth of stockOn the 18th of April, Susan Kennedy bought around 25k shares on-market at roughly US$2.25 per share. This transaction amounted to 7.9% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Susan has been a buyer over the last 12 months, purchasing a net total of US$144k worth in shares.Reported Earnings • Mar 30Full year 2023 earnings released: US$0.56 loss per share (vs US$0.60 loss in FY 2022)Full year 2023 results: US$0.56 loss per share. Net loss: US$36.6m (loss widened 22% from FY 2022).공시 • Mar 07Cadiz Inc. announced that it has received $20 million in funding from Heerema International Group Services SACadiz Inc. announced that it has entered into a Credit Agreement pursuant to which the Issuer borrowed fund in the form of convertible loan for the gross proceeds of $20,000,000 on March 6, 2024. The loan may be converted into common stock at a conversion price of $5.30 per share. The Issuer also issued 1,000,000 warrants to purchase common stock, exercisable at $5.00 per share.Board Change • Mar 06High number of new directorsIndependent Director Barbara Lloyd was the last director to join the board, commencing their role in 2024.분석 기사 • Jan 19We Think Cadiz (NASDAQ:CDZI) Has A Fair Chunk Of DebtSome say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...공시 • Jan 05Cadiz Inc. Announces Resignation of Scott Slater as President and DirectorIn connection with the management transition plan of Cadiz Inc. announced that Scott Slater submitted his resignation on December 31, 2023, as President and a director of the Company effective as of such date. Mr. Slater’s resignation was not because of a disagreement with the Company on any matter relating to its operations, policies or practices. Mr. Slater will continue to serve as a senior advisor to the Company.공시 • Dec 17U.S. Bureau of Land Management Approves Mineral Leasing Act Right-Of-Way Grant to Cadiz for Northern PipelineCadiz Inc. announced that the U.S. Bureau of Land Management ("BLM") issued a final decision approving the assignment of a Mineral Leasing Act right-of-way ("ROW") grant to Cadiz for the Company's Northern Pipeline. BLM's approval of the ROW grant to Cadiz completes the Company's acquisition of the 220-mile pipeline from El Paso Natural Gas ("EPNG") and will allow the company to advance project development on several fronts. Cadiz completed purchase of the Northern Pipeline from EPNG in 2020. As part of the purchase agreement, EPNG assigned the 30-year MLA ROW grant to Cadiz subject to BLM's approval. Today's decision by the BLM approves EPNG's assignment of the MLA ROW to Cadiz as required under the 2020 purchase agreement.공시 • Dec 07Cadiz Inc. Appoints Susan Kennedy as Chief Executive Officer, Beginning January 1, 2024Cadiz Inc. announce that Susan Kennedy, Executive Chair of the Board of Directors, will step into a full-time role as the Company's Chief Executive Officer beginning January 1, 2024. Scott Slater, who has served as President and CEO of Cadiz since 2011, plans to continue to serve as a senior advisor to the Company. Scott Slater is a legendary water rights attorney with unmatched depth in some of the most complex and historic water transactions in United States' history. Slater was appointed President of Cadiz in 2011 and named CEO in 2013 while also maintaining his shareholder position at Brownstein, Hyatt, Farber, Schreck, ranked as one of the best law firms in the U.S. on Water Law and Land Use. The Board thanks Scott for leading the design and approval of the largest fully integrated groundwater conservation and storage project in California, and successfully defending the permits through a decade of litigation, appeals and regulatory challenges. Slater innovatively led the company's acquisition of pipeline assets from El Paso Natural Gas in 2020, setting the Company up to be first in the world to convert fossil fuel pipelines to transport water. In 2022, Slater led Cadiz' acquisition of ATEC Water Systems, a water filtration company with market-leading filtration technology able to address the rapidly increasing threat of groundwater contamination from iron and manganese, arsenic, nitrates, Chromium-6 and other chemicals. Kennedy, who has served as Cadiz's Executive Chair since 2021, will take over as full time CEO in January 2024. Slater plans to continue supporting Cadiz in 2024 in a consulting capacity, focused on completing numerous transactions related to the water supply and storage project, ATEC Systems, green hydrogen development and other commercial opportunities.Reported Earnings • Nov 15Third quarter 2023 earnings released: US$0.12 loss per share (vs US$0.15 loss in 3Q 2022)Third quarter 2023 results: US$0.12 loss per share. Net loss: US$8.20m (loss widened 5.0% from 3Q 2022).Reported Earnings • Aug 11Second quarter 2023 earnings released: US$0.13 loss per share (vs US$0.13 loss in 2Q 2022)Second quarter 2023 results: US$0.13 loss per share. Net loss: US$8.35m (loss widened 23% from 2Q 2022).New Risk • Aug 01New major risk - Financial positionThe company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -US$24m 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$24m free cash flow). Earnings have declined by 2.8% per year over the past 5 years. Minor Risks Shareholders have been diluted in the past year (31% increase in shares outstanding). Revenue is less than US$5m (US$1.5m revenue).분석 기사 • Jun 13Here's Why Cadiz (NASDAQ:CDZI) Can Afford Some DebtHoward Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...Reported Earnings • May 16First quarter 2023 earnings: EPS and revenues miss analyst expectationsFirst quarter 2023 results: US$0.19 loss per share (further deteriorated from US$0.16 loss in 1Q 2022). Net loss: US$12.0m (loss widened 67% from 1Q 2022). Revenue missed analyst estimates by 7.1%. Earnings per share (EPS) also missed analyst estimates by 138%. Revenue is forecast to grow 98% p.a. on average during the next 3 years, compared to a 6.5% growth forecast for the Water Utilities industry in the US. Over the last 3 years on average, earnings per share has increased by 30% per year but the company’s share price has fallen by 27% per year, which means it is significantly lagging earnings.Reported Earnings • Mar 31Full year 2022 earnings: Revenues exceed analysts expectations while EPS lags behindFull year 2022 results: US$0.60 loss per share (improved from US$0.84 loss in FY 2021). Net loss: US$29.9m (loss narrowed 12% from FY 2021). Revenue exceeded analyst estimates by 12%. Earnings per share (EPS) missed analyst estimates by 11%. Revenue is forecast to grow 89% p.a. on average during the next 3 years, compared to a 6.4% growth forecast for the Water Utilities industry in the US. Over the last 3 years on average, earnings per share has increased by 27% per year but the company’s share price has fallen by 30% per year, which means it is significantly lagging earnings.Breakeven Date Change • Dec 05Forecast to breakeven in 2024The analyst covering Cadiz expects the company to break even for the first time. New forecast suggests the company will make a profit of US$14.1m in 2024. Average annual earnings growth of 77% is required to achieve expected profit on schedule.Reported Earnings • Nov 16Third quarter 2022 earnings: Revenues exceed analysts expectations while EPS lags behindThird quarter 2022 results: US$0.15 loss per share (improved from US$0.22 loss in 3Q 2021). Net loss: US$7.81m (loss narrowed 16% from 3Q 2021). Revenue exceeded analyst estimates by 36%. Earnings per share (EPS) missed analyst estimates by 7.1%. Revenue is forecast to grow 134% p.a. on average during the next 3 years, compared to a 6.1% growth forecast for the Water Utilities industry in the US. Over the last 3 years on average, earnings per share has increased by 24% per year but the company’s share price has fallen by 42% per year, which means it is significantly lagging earnings.분석 기사 • Nov 08Does Cadiz (NASDAQ:CDZI) Have A Healthy Balance Sheet?Some say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...Reported Earnings • Aug 12Second quarter 2022 earnings released: US$0.13 loss per share (vs US$0.30 loss in 2Q 2021)Second quarter 2022 results: US$0.13 loss per share (up from US$0.30 loss in 2Q 2021). Net loss: US$6.77m (loss narrowed 41% from 2Q 2021). Over the next year, revenue is forecast to grow 513%, compared to a 5.9% growth forecast for the industry in the US. Over the last 3 years on average, earnings per share has increased by 20% per year but the company’s share price has fallen by 31% per year, which means it is significantly lagging earnings.분석 기사 • Jul 13Is Cadiz (NASDAQ:CDZI) Using Too Much Debt?Legendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...Reported Earnings • May 13First quarter 2022 earnings: EPS misses analyst expectationsFirst quarter 2022 results: US$0.16 loss per share (down from US$0.16 loss in 1Q 2021). Net loss: US$7.18m (loss widened 21% from 1Q 2021). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 5.0%. Over the next year, revenue is forecast to grow 1,022%, compared to a 3.4% growth forecast for the industry in the US. Over the last 3 years on average, earnings per share has increased by 15% per year but the company’s share price has fallen by 44% per year, which means it is significantly lagging earnings.Breakeven Date Change • Apr 27Forecast breakeven date pushed back to 2024The analyst covering Cadiz previously expected the company to break even in 2023. New forecast suggests losses will reduce by 27% per year to 2023. The company is expected to make a profit of US$35.6m in 2024. Average annual earnings growth of 77% is required to achieve expected profit on schedule.Recent Insider Transactions • Apr 06Lead Independent Director recently bought US$165k worth of stockOn the 4th of April, Winston Hickox bought around 77k shares on-market at roughly US$2.13 per share. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought US$474k more in shares than they have sold in the last 12 months.Breakeven Date Change • Mar 30Forecast breakeven date pushed back to 2024The analyst covering Cadiz previously expected the company to break even in 2023. New forecast suggests losses will reduce by 27% per year to 2023. The company is expected to make a profit of US$35.6m in 2024. Average annual earnings growth of 77% is required to achieve expected profit on schedule.분석 기사 • Mar 28Cadiz (NASDAQ:CDZI) Is Carrying A Fair Bit Of DebtHoward Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...Recent Insider Transactions • Dec 17Founder & Chairman recently bought US$90k worth of stockOn the 13th of December, Keith Brackpool bought around 25k shares on-market at roughly US$3.60 per share. This was the largest purchase by an insider in the last 3 months. This was Keith's only on-market trade for the last 12 months.분석 기사 • Dec 14Here's Why Cadiz (NASDAQ:CDZI) Can Afford Some DebtWarren Buffett famously said, 'Volatility is far from synonymous with risk.' So it seems the smart money knows that...Reported Earnings • Nov 13Third quarter 2021 earnings released: US$0.22 loss per share (vs US$0.13 loss in 3Q 2020)Third quarter 2021 results: Net loss: US$9.29m (loss widened 107% from 3Q 2020). Over the last 3 years on average, earnings per share has increased by 9% per year but the company’s share price has fallen by 19% per year, which means it is significantly lagging earnings.Breakeven Date Change • Sep 23Forecast to breakeven in 2023The analyst covering Cadiz expects the company to break even for the first time. New forecast suggests the company will make a profit of US$10.2m in 2023. Average annual earnings growth of 75% is required to achieve expected profit on schedule.Reported Earnings • Aug 14Second quarter 2021 earnings released: US$0.30 loss per share (vs US$0.14 loss in 2Q 2020)Second quarter 2021 results: Net loss: US$11.6m (loss widened 141% from 2Q 2020). Over the last 3 years on average, earnings per share has increased by 6% per year whereas the company’s share price has increased by 3% per year.Executive Departure • Jun 24Independent Director Murray Hutchison has left the companyOn the 17th of June, Murray Hutchison's tenure as Independent Director ended after 24.1 years in the role. As of March 2021, Murray still personally held 63.69k shares (US$611k worth at the time). A total of 2 executives have left over the last 12 months.Executive Departure • Jun 24Independent Director Richard Nevins has left the companyOn the 17th of June, Richard Nevins' tenure as Independent Director ended after 5.0 years in the role. As of March 2021, Richard still personally held 23.65k shares (US$227k worth at the time). A total of 2 executives have left over the last 12 months.Executive Departure • Jun 23Independent Director Richard Nevins has left the companyOn the 17th of June, Richard Nevins' tenure as Independent Director ended after 5.0 years in the role. As of March 2021, Richard still personally held 23.65k shares (US$227k worth at the time). A total of 2 executives have left over the last 12 months.Executive Departure • Jun 23Independent Director Murray Hutchison has left the companyOn the 17th of June, Murray Hutchison's tenure as Independent Director ended after 24.1 years in the role. As of March 2021, Murray still personally held 63.69k shares (US$611k worth at the time). A total of 2 executives have left over the last 12 months.분석 기사 • Jun 11Shareholders Will Probably Hold Off On Increasing Cadiz Inc.'s (NASDAQ:CDZI) CEO Compensation For The Time BeingCEO Scott Slater has done a decent job of delivering relatively good performance at Cadiz Inc. ( NASDAQ:CDZI...Reported Earnings • May 18First quarter 2021 earnings released: US$0.16 loss per share (vs US$0.66 loss in 1Q 2020)First quarter 2021 results: Net loss: US$5.94m (loss narrowed 71% from 1Q 2020). Over the last 3 years on average, earnings per share has increased by 5% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings.분석 기사 • May 13When Can We Expect A Profit From Cadiz Inc. (NASDAQ:CDZI)?Cadiz Inc. ( NASDAQ:CDZI ) is possibly approaching a major achievement in its business, so we would like to shine some...Reported Earnings • Mar 28Full year 2020 earnings released: US$1.11 loss per share (vs US$1.11 loss in FY 2019)Full year 2020 results: Net loss: US$37.8m (loss widened 28% from FY 2019). Over the last 3 years on average, earnings per share has increased by 2% per year but the company’s share price has fallen by 12% per year, which means it is significantly lagging earnings.Is New 90 Day High Low • Feb 03New 90-day high: US$11.23The company is up 18% from its price of US$9.53 on 04 November 2020. The American market is up 16% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Water Utilities industry, which is up 5.0% over the same period.분석 기사 • Jan 28Have Insiders Been Selling Cadiz Inc. (NASDAQ:CDZI) Shares This Year?We often see insiders buying up shares in companies that perform well over the long term. Unfortunately, there are also...Is New 90 Day High Low • Jan 15New 90-day high: US$10.96The company is up 11% from its price of US$9.87 on 16 October 2020. The American market is up 12% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Water Utilities industry, which is up 6.0% over the same period.Is New 90 Day High Low • Dec 29New 90-day high: US$10.91The company is up 10.0% from its price of US$9.92 on 29 September 2020. The American market is up 14% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Water Utilities industry, which is up 8.0% over the same period.Is New 90 Day High Low • Dec 12New 90-day high: US$10.40The company is up 4.0% from its price of US$10.03 on 11 September 2020. The American market is up 13% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Water Utilities industry, which is up 10.0% over the same period.분석 기사 • Dec 04Could The Cadiz Inc. (NASDAQ:CDZI) Ownership Structure Tell Us Something Useful?The big shareholder groups in Cadiz Inc. ( NASDAQ:CDZI ) have power over the company. Insiders often own a large chunk...Reported Earnings • Nov 09Third quarter 2020 earnings released: US$0.13 loss per shareThird quarter 2020 results: Net loss: US$4.49m (loss narrowed 40% from 3Q 2019). Over the last 3 years on average, earnings per share has increased by 4% per year but the company’s share price has fallen by 11% per year, which means it is significantly lagging earnings.Is New 90 Day High Low • Sep 23New 90-day low: US$9.23The company is down 11% from its price of US$10.34 on 25 June 2020. The American market is up 8.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Water Utilities industry, which is up 5.0% over the same period.주주 수익률CDZIUS Water UtilitiesUS 시장7D-3.6%0.7%0.8%1Y43.0%-6.2%24.2%전체 주주 수익률 보기수익률 대 산업: CDZI은 지난 1년 동안 -6.2%의 수익을 기록한 US Water Utilities 산업보다 더 좋은 성과를 냈습니다.수익률 대 시장: CDZI은 지난 1년 동안 24.2%를 기록한 US 시장보다 더 좋은 성과를 냈습니다.주가 변동성Is CDZI's price volatile compared to industry and market?CDZI volatilityCDZI Average Weekly Movement8.3%Water Utilities Industry Average Movement3.6%Market Average Movement7.2%10% most volatile stocks in US Market16.8%10% least volatile stocks in US Market3.1%안정적인 주가: CDZI는 지난 3개월 동안 US 시장에 비해 주가 변동성이 크지 않았습니다.시간에 따른 변동성: CDZI의 주간 변동성(8%)은 지난 1년 동안 안정적이었습니다.회사 소개설립직원 수CEO웹사이트198331Susan Kennedywww.cadizinc.com는 자회사와 함께 미국에서 물 솔루션을 제공합니다. 이 회사는 토지 및 수자원과 물 여과 기술의 두 가지 부문으로 운영됩니다. 이 회사는 물 공급, 물 저장, 물 운반, 폐수 처리 서비스뿐만 아니라 지역 유통 시스템 및 제품을 제공합니다.더 보기Cadiz Inc. 기초 지표 요약Cadiz의 순이익과 매출은 시가총액과 어떻게 비교됩니까?CDZI 기초 통계시가총액US$338.03m순이익 (TTM)-US$38.30m매출 (TTM)US$14.99m22.4x주가매출비율(P/S)-8.8x주가수익비율(P/E)CDZI는 고평가되어 있습니까?공정 가치 및 평가 분석 보기순이익 및 매출최근 실적 보고서(TTM)의 주요 수익성 지표CDZI 손익계산서 (TTM)매출US$14.99m매출원가US$10.29m총이익US$4.70m기타 비용US$43.00m순이익-US$38.30m최근 보고된 실적Mar 31, 2026다음 실적 발표일해당 없음주당순이익(EPS)-0.46총이익률31.35%순이익률-255.49%부채/자본 비율548.5%CDZI의 장기 실적은 어땠습니까?과거 실적 및 비교 보기View Valuation기업 분석 및 재무 데이터 상태데이터최종 업데이트 (UTC 시간)기업 분석2026/06/12 15:53종가2026/06/12 00:00수익2026/03/31연간 수익2025/12/31데이터 소스당사의 기업 분석에 사용되는 데이터는 S&P Global Market Intelligence LLC에서 제공됩니다. 아래 데이터는 이 보고서를 생성하기 위해 분석 모델에서 사용됩니다. 데이터는 정규화되므로 소스가 제공된 후 지연이 발생할 수 있습니다.패키지데이터기간미국 소스 예시 *기업 재무제표10년손익계산서현금흐름표대차대조표SEC 양식 10-KSEC 양식 10-Q분석가 컨센서스 추정치+3년재무 예측분석가 목표주가분석가 리서치 보고서Blue Matrix시장 가격30년주가배당, 분할 및 기타 조치ICE 시장 데이터SEC 양식 S-1지분 구조10년주요 주주내부자 거래SEC 양식 4SEC 양식 13D경영진10년리더십 팀이사회SEC 양식 10-KSEC 양식 DEF 14A주요 개발10년회사 공시SEC 양식 8-K* 미국 증권에 대한 예시이며, 비(非)미국 증권에는 해당 국가의 규제 서식 및 자료원을 사용합니다.별도로 명시되지 않는 한 모든 재무 데이터는 연간 기간을 기준으로 하지만 분기별로 업데이트됩니다. 이를 TTM(최근 12개월) 또는 LTM(지난 12개월) 데이터라고 합니다. 자세히 알아보기.분석 모델 및 스노우플레이크이 보고서를 생성하는 데 사용된 분석 모델에 대한 자세한 내용은 당사의 Github 페이지에서 확인하실 수 있습니다. 또한 보고서 활용 방법에 대한 가이드와 YouTube 튜토리얼도 제공합니다.Simply Wall St 분석 모델을 설계하고 구축한 세계적 수준의 팀에 대해 알아보세요.산업 및 섹터 지표산업 및 섹터 지표는 Simply Wall St가 6시간마다 계산하며, 프로세스에 대한 자세한 내용은 Github에서 확인할 수 있습니다.분석가 소스Cadiz Inc.는 3명의 분석가가 다루고 있습니다. 이 중 3명의 분석가가 우리 보고서에 입력 데이터로 사용되는 매출 또는 수익 추정치를 제출했습니다. 분석가의 제출 자료는 하루 종일 업데이트됩니다.분석가기관Michael CrawfordB. Riley Securities, Inc.Tate SullivanMaxim GroupGerard SweeneyRoth Capital Partners
Recent Insider Transactions • May 29Independent Director recently bought US$508k worth of stockOn the 26th of May, Dave O'Hara bought around 111k shares on-market at roughly US$4.58 per share. This transaction increased Dave's direct individual holding by 16x at the time of the trade. This was the largest purchase by an insider in the last 3 months. This was the only on-market transaction from insiders over the last 12 months.
Reported Earnings • May 20First quarter 2026 earnings: EPS and revenues miss analyst expectationsFirst quarter 2026 results: US$0.12 loss per share (improved from US$0.14 loss in 1Q 2025). Revenue: US$1.63m (down 45% from 1Q 2025). Net loss: US$9.92m (loss narrowed 8.6% from 1Q 2025). Revenue missed analyst estimates by 64%. Earnings per share (EPS) also missed analyst estimates by 12%. Revenue is forecast to grow 43% p.a. on average during the next 3 years, compared to a 6.4% growth forecast for the Water Utilities industry in the US. Over the last 3 years on average, earnings per share has increased by 9% per year but the company’s share price has fallen by 3% per year, which means it is significantly lagging earnings.
공시 • Apr 21Cadiz Inc., Annual General Meeting, Jun 18, 2026Cadiz Inc., Annual General Meeting, Jun 18, 2026.
공시 • Feb 04Cadiz, Inc. Appoints Dave O'Hara to Board of Directors, Effective February 4, 2026Cadiz Inc. announced that Mr. Dave O'Hara, a senior finance executive with extensive experience in corporate finance, commercial strategy and large-scale growth initiatives, has joined the Company's Board of Directors. Mr. O'Hara spent more than 20 years at Microsoft in senior executive leadership roles, most recently serving as Executive Vice President and Chief Financial Officer of Microsoft's Commercial Business Group. In that role, he was responsible for investment strategy, budgeting, forecasting, and financial analysis across some of the company's largest and most strategically important business units. His experience includes oversight of large-scale, long-duration capital investments such as data centers, cloud infrastructure, and global platform expansions. Earlier at Microsoft, Mr. O'Hara served as Chief Operating Officer of Microsoft Advertising and as Vice President of Business Development. Mr. O'Hara holds a Bachelor's degree in Economics and an MBA from the University of South Dakota. Mr. O'Hara's appointment to the Board is effective immediately.
분석 기사 • Jan 14Is Cadiz (NASDAQ:CDZI) Using Too Much Debt?David Iben put it well when he said, 'Volatility is not a risk we care about. What we care about is avoiding the...
Seeking Alpha • Dec 15Cadiz: The Mojave Groundwater Bank Takes A Financing Step Closer To RealitySummary Cadiz Inc. has raised $51 million for the first tranche of funding for its Mojave Groundwater Bank, and is chasing another $400 million in further financing from private equity. ATEC Water Systems saw year-over-year revenue growth of 42% with gross profit margins expanding to 50%. CDZI needs to raise more funds, with its cash position dropping to $4.4 million at the end of the third quarter against cash burn from operations of $7 million. The Series A Preferreds have rallied strongly this year, with their coupon currently driving a dividend yield of 11.3%. Read the full article on Seeking Alpha
Recent Insider Transactions • May 29Independent Director recently bought US$508k worth of stockOn the 26th of May, Dave O'Hara bought around 111k shares on-market at roughly US$4.58 per share. This transaction increased Dave's direct individual holding by 16x at the time of the trade. This was the largest purchase by an insider in the last 3 months. This was the only on-market transaction from insiders over the last 12 months.
Reported Earnings • May 20First quarter 2026 earnings: EPS and revenues miss analyst expectationsFirst quarter 2026 results: US$0.12 loss per share (improved from US$0.14 loss in 1Q 2025). Revenue: US$1.63m (down 45% from 1Q 2025). Net loss: US$9.92m (loss narrowed 8.6% from 1Q 2025). Revenue missed analyst estimates by 64%. Earnings per share (EPS) also missed analyst estimates by 12%. Revenue is forecast to grow 43% p.a. on average during the next 3 years, compared to a 6.4% growth forecast for the Water Utilities industry in the US. Over the last 3 years on average, earnings per share has increased by 9% per year but the company’s share price has fallen by 3% per year, which means it is significantly lagging earnings.
공시 • Apr 21Cadiz Inc., Annual General Meeting, Jun 18, 2026Cadiz Inc., Annual General Meeting, Jun 18, 2026.
공시 • Feb 04Cadiz, Inc. Appoints Dave O'Hara to Board of Directors, Effective February 4, 2026Cadiz Inc. announced that Mr. Dave O'Hara, a senior finance executive with extensive experience in corporate finance, commercial strategy and large-scale growth initiatives, has joined the Company's Board of Directors. Mr. O'Hara spent more than 20 years at Microsoft in senior executive leadership roles, most recently serving as Executive Vice President and Chief Financial Officer of Microsoft's Commercial Business Group. In that role, he was responsible for investment strategy, budgeting, forecasting, and financial analysis across some of the company's largest and most strategically important business units. His experience includes oversight of large-scale, long-duration capital investments such as data centers, cloud infrastructure, and global platform expansions. Earlier at Microsoft, Mr. O'Hara served as Chief Operating Officer of Microsoft Advertising and as Vice President of Business Development. Mr. O'Hara holds a Bachelor's degree in Economics and an MBA from the University of South Dakota. Mr. O'Hara's appointment to the Board is effective immediately.
분석 기사 • Jan 14Is Cadiz (NASDAQ:CDZI) Using Too Much Debt?David Iben put it well when he said, 'Volatility is not a risk we care about. What we care about is avoiding the...
Seeking Alpha • Dec 15Cadiz: The Mojave Groundwater Bank Takes A Financing Step Closer To RealitySummary Cadiz Inc. has raised $51 million for the first tranche of funding for its Mojave Groundwater Bank, and is chasing another $400 million in further financing from private equity. ATEC Water Systems saw year-over-year revenue growth of 42% with gross profit margins expanding to 50%. CDZI needs to raise more funds, with its cash position dropping to $4.4 million at the end of the third quarter against cash burn from operations of $7 million. The Series A Preferreds have rallied strongly this year, with their coupon currently driving a dividend yield of 11.3%. Read the full article on Seeking Alpha
분석 기사 • Dec 12Revenues Tell The Story For Cadiz Inc. (NASDAQ:CDZI) As Its Stock Soars 27%Cadiz Inc. ( NASDAQ:CDZI ) shares have continued their recent momentum with a 27% gain in the last month alone. The...
분석 기사 • Oct 11Cadiz Inc.'s (NASDAQ:CDZI) P/S Is Still On The Mark Following 38% Share Price BounceCadiz Inc. ( NASDAQ:CDZI ) shares have continued their recent momentum with a 38% gain in the last month alone. The...
분석 기사 • Oct 08Is Cadiz (NASDAQ:CDZI) Using Too Much Debt?Warren Buffett famously said, 'Volatility is far from synonymous with risk.' When we think about how risky a company...
분석 기사 • Aug 27Revenues Tell The Story For Cadiz Inc. (NASDAQ:CDZI) As Its Stock Soars 25%Cadiz Inc. ( NASDAQ:CDZI ) shares have continued their recent momentum with a 25% gain in the last month alone. Looking...
분석 기사 • Jun 14Cadiz Inc.'s (NASDAQ:CDZI) P/S Is On The MarkWhen you see that almost half of the companies in the Water Utilities industry in the United States have price-to-sales...
공시 • Apr 28Cadiz Inc., Annual General Meeting, Jun 12, 2025Cadiz Inc., Annual General Meeting, Jun 12, 2025.
Seeking Alpha • Apr 17Cadiz: Are The Preferreds Back In Play?Summary Cadiz is facing intense free cash burn as its plan to extract water from an aquifer in California faces environmental opposition. The Mojave Groundwater Bank project faces an uncertain future, with no clear pathway yet to come online. Common shareholders face continued dilution, while the preferreds offer a 12.8% yield on cost. Read the full article on Seeking Alpha
공시 • Mar 08Cadiz Inc. has filed a Follow-on Equity Offering in the amount of $20.0025 million.Cadiz Inc. has filed a Follow-on Equity Offering in the amount of $20.0025 million. Security Name: Common Stock Security Type: Common Stock Securities Offered: 5,715,000 Price\Range: $3.5 Discount Per Security: $0.25 Transaction Features: Registered Direct Offering
공시 • Nov 05Cadiz Inc. has filed a Follow-on Equity Offering in the amount of $23.38 million.Cadiz Inc. has filed a Follow-on Equity Offering in the amount of $23.38 million. Security Name: Common Stock Security Type: Common Stock Securities Offered: 7,000,000 Price\Range: $3.34 Transaction Features: Registered Direct Offering
분석 기사 • Nov 02Would Cadiz (NASDAQ:CDZI) Be Better Off With Less Debt?The external fund manager backed by Berkshire Hathaway's Charlie Munger, Li Lu, makes no bones about it when he says...
공시 • Sep 19Cadiz Inc. Appoints Cathryn Rivera as Chief Operating OfficerCadiz Inc. announced the appointment of Cathryn Rivera as Chief Operating Officer (COO), effective as of September 16, 2024. The Company began expanding the management team earlier this year with the appointment of CEO Susan Kennedy. As COO, Rivera is expected to lead the Company's operations in the execution phase of its groundwater banking project and scaling deployment of water treatment technologies to remove constituents such as arsenic, Chromium 6 and "forever chemicals." Rivera served as Appointments Secretary for California Governor Gavin Newsom from 2019 to 2024, finding the right people with the right skills for over 3,000 positions responsible for governing the 5th largest economy in the world. Throughout her tenure at the heart of California's governance, Rivera was tapped by Governors to interface with businesses and industry leaders to address complex challenges, often in a crisis. At the outset of the COVID pandemic she led a team to establish a web-based service within 72 hours to allow the state to acquire COVID supplies for distribution, worked with the California Manufacturing and Technology Association to assist small businesses with converting operations to manufacture protective supplies, and created programs to help essential workers protect themselves and the public on the front lines of the pandemic. Most recently, Rivera established two new independent Offices, within the executive branch, including the Governor's Office of Land Use and Climate Innovation, to ensure efforts and actions directed by Executive Order would continue beyond the governor's tenure. Before joining the Newsom Administration, Rivera served as a Board Member on the Agricultural Labor Relations Board, at the nexus of a critical workforce and the $57 billion agricultural industry. In this role, Ms. Rivera helped develop a level playing field for farmworkers and a regulatory framework for mandatory mediation that survived a decade of legal challenges, including at the Supreme Court of the United States. From 1999 to 2002 Rivera was the Chief Deputy Cabinet Secretary for Governor Gray Davis, serving as the Governor's key liaison to state agencies, departments, and boards. In that role, Rivera was responsible for the development and implementation of administration policies for the largest, most complex government agencies including Health and Human Services Agency and Department of Corrections and Rehabilitation and Department of Food and Agriculture. Previously, Rivera served on the Board of Directors for Planned Parenthood Mar Monte, the largest affiliate of the national organization overseeing a $100 million budget with 35 health centers in 42 counties across California and Nevada. Rivera has held positions as Treasurer, Vice-Chair and Chair during her tenure on the board. Rivera received a B.S. in Business Management from Arizona State University, graduating from The Barrett Honors College. She obtained her law degree from the University of California, Berkeley where she was co-editor-in-chief of the La Raza Law Journal.
공시 • Jul 26Cadiz Inc. Announces Appointment of David Sickey as Senior AdvisorCadiz Inc. announced the appointment of David Sickey, the former distinguished Chairman of the Coushatta Tribe, as Senior Advisor for Energy and Water Projects, effective immediately. Chairman Sickey, an 18-year veteran of tribal government, recently concluded two years of service as Senior Consultant to the U.S. Department of Energy's (DOE) Loan Programs Office focused particularly on the Tribal Energy Finance Program. As a Senior Consultant for the DOE's Loan Programs Office, Sickey played a pivotal role in the Tribal Energy Finance Program, a program which saw its funding increase from $2 billion to $20 billion under the Biden administration's Inflation Reduction Act. Sickey was instrumental in shaping the initiative to empower tribal nations with sustainable energy solutions, assisting tribes with financing a broad range of energy and infrastructure projects - from solar and wind to microgrids, fuel cells, virtual power plants and bioenergy projects. His analytical skills and strategic communications were instrumental in aligning the program with community values, while also respecting the sovereignty and driving economic development of tribal lands. Sickey was elected to the governing body of the Coushatta Tribe of Louisiana in 2003, and two years later became tribal Vice-Chairman. In 2017, Sickey was elected to the position of Tribal Chairman. During his eighteen years as a member of tribal government, Sickey was focused on restructuring and improving government programs, increasing funding for health, education, culture, welfare, and elder programs, and expanding economic development. As Tribal Chairman, Sickey was responsible for steering the Coushatta Tribe through the COVID-19 pandemic. He oversaw the procurement and provision of health services, worked with numerous federal agencies and officials to secure federal funding for his tribe, and navigated the tribe's multi-million business through the pandemic's unstable financial throes. Notwithstanding the shutdowns and other significant hurdles imposed by the COVID pandemic, the Coushatta Tribe's business grew stronger. Sickey also helped the Coushatta Tribe overcome the impacts of multiple natural disasters. He was instrumental in helping his tribe obtain millions of dollars in state and federal grants that benefited the tribe and its surrounding communities. Throughout his years of dedicated public service, Sickey positioned the Coushatta Tribe to be a leader in national native American affairs, a partner with the State of Louisiana, a player in federal matters affecting Indian tribes, and a force for positive change throughout the United States. Cadiz, with 45,000 acres of land and water in the Mojave Desert, is developing one of the groundwater banking projects in the Southwestern U.S. and is providing water supply and clean water technology to disadvantaged communities in the Colorado River Basin and California's Inland Empire and desert communities, including Tribes that presently lack access to clean, reliable water.
분석 기사 • Jul 14Is Cadiz (NASDAQ:CDZI) Using Too Much Debt?Warren Buffett famously said, 'Volatility is far from synonymous with risk.' When we think about how risky a company...
Reported Earnings • May 15First quarter 2024 earnings released: US$0.12 loss per share (vs US$0.19 loss in 1Q 2023)First quarter 2024 results: US$0.12 loss per share (improved from US$0.19 loss in 1Q 2023). Net loss: US$8.12m (loss narrowed 32% from 1Q 2023). Over the last 3 years on average, earnings per share has increased by 15% per year but the company’s share price has fallen by 38% per year, which means it is significantly lagging earnings.
공시 • Apr 28Cadiz Inc., Annual General Meeting, Jun 11, 2024Cadiz Inc., Annual General Meeting, Jun 11, 2024, at 10:00 Pacific Standard Time. Agenda: To consider the election of nine members of the Board of Directors, each to serve until the next annual meeting of stockholders or until their respective successors have been elected and qualified; to consider the adoption of an amendment to Certificate of Incorporation to increase the number of authorized shares of common stock; and to discuss other matters.
Recent Insider Transactions • Apr 22CEO & Chairman recently bought US$56k worth of stockOn the 18th of April, Susan Kennedy bought around 25k shares on-market at roughly US$2.25 per share. This transaction amounted to 7.9% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Susan has been a buyer over the last 12 months, purchasing a net total of US$144k worth in shares.
Reported Earnings • Mar 30Full year 2023 earnings released: US$0.56 loss per share (vs US$0.60 loss in FY 2022)Full year 2023 results: US$0.56 loss per share. Net loss: US$36.6m (loss widened 22% from FY 2022).
공시 • Mar 07Cadiz Inc. announced that it has received $20 million in funding from Heerema International Group Services SACadiz Inc. announced that it has entered into a Credit Agreement pursuant to which the Issuer borrowed fund in the form of convertible loan for the gross proceeds of $20,000,000 on March 6, 2024. The loan may be converted into common stock at a conversion price of $5.30 per share. The Issuer also issued 1,000,000 warrants to purchase common stock, exercisable at $5.00 per share.
Board Change • Mar 06High number of new directorsIndependent Director Barbara Lloyd was the last director to join the board, commencing their role in 2024.
분석 기사 • Jan 19We Think Cadiz (NASDAQ:CDZI) Has A Fair Chunk Of DebtSome say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...
공시 • Jan 05Cadiz Inc. Announces Resignation of Scott Slater as President and DirectorIn connection with the management transition plan of Cadiz Inc. announced that Scott Slater submitted his resignation on December 31, 2023, as President and a director of the Company effective as of such date. Mr. Slater’s resignation was not because of a disagreement with the Company on any matter relating to its operations, policies or practices. Mr. Slater will continue to serve as a senior advisor to the Company.
공시 • Dec 17U.S. Bureau of Land Management Approves Mineral Leasing Act Right-Of-Way Grant to Cadiz for Northern PipelineCadiz Inc. announced that the U.S. Bureau of Land Management ("BLM") issued a final decision approving the assignment of a Mineral Leasing Act right-of-way ("ROW") grant to Cadiz for the Company's Northern Pipeline. BLM's approval of the ROW grant to Cadiz completes the Company's acquisition of the 220-mile pipeline from El Paso Natural Gas ("EPNG") and will allow the company to advance project development on several fronts. Cadiz completed purchase of the Northern Pipeline from EPNG in 2020. As part of the purchase agreement, EPNG assigned the 30-year MLA ROW grant to Cadiz subject to BLM's approval. Today's decision by the BLM approves EPNG's assignment of the MLA ROW to Cadiz as required under the 2020 purchase agreement.
공시 • Dec 07Cadiz Inc. Appoints Susan Kennedy as Chief Executive Officer, Beginning January 1, 2024Cadiz Inc. announce that Susan Kennedy, Executive Chair of the Board of Directors, will step into a full-time role as the Company's Chief Executive Officer beginning January 1, 2024. Scott Slater, who has served as President and CEO of Cadiz since 2011, plans to continue to serve as a senior advisor to the Company. Scott Slater is a legendary water rights attorney with unmatched depth in some of the most complex and historic water transactions in United States' history. Slater was appointed President of Cadiz in 2011 and named CEO in 2013 while also maintaining his shareholder position at Brownstein, Hyatt, Farber, Schreck, ranked as one of the best law firms in the U.S. on Water Law and Land Use. The Board thanks Scott for leading the design and approval of the largest fully integrated groundwater conservation and storage project in California, and successfully defending the permits through a decade of litigation, appeals and regulatory challenges. Slater innovatively led the company's acquisition of pipeline assets from El Paso Natural Gas in 2020, setting the Company up to be first in the world to convert fossil fuel pipelines to transport water. In 2022, Slater led Cadiz' acquisition of ATEC Water Systems, a water filtration company with market-leading filtration technology able to address the rapidly increasing threat of groundwater contamination from iron and manganese, arsenic, nitrates, Chromium-6 and other chemicals. Kennedy, who has served as Cadiz's Executive Chair since 2021, will take over as full time CEO in January 2024. Slater plans to continue supporting Cadiz in 2024 in a consulting capacity, focused on completing numerous transactions related to the water supply and storage project, ATEC Systems, green hydrogen development and other commercial opportunities.
Reported Earnings • Nov 15Third quarter 2023 earnings released: US$0.12 loss per share (vs US$0.15 loss in 3Q 2022)Third quarter 2023 results: US$0.12 loss per share. Net loss: US$8.20m (loss widened 5.0% from 3Q 2022).
Reported Earnings • Aug 11Second quarter 2023 earnings released: US$0.13 loss per share (vs US$0.13 loss in 2Q 2022)Second quarter 2023 results: US$0.13 loss per share. Net loss: US$8.35m (loss widened 23% from 2Q 2022).
New Risk • Aug 01New major risk - Financial positionThe company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -US$24m 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$24m free cash flow). Earnings have declined by 2.8% per year over the past 5 years. Minor Risks Shareholders have been diluted in the past year (31% increase in shares outstanding). Revenue is less than US$5m (US$1.5m revenue).
분석 기사 • Jun 13Here's Why Cadiz (NASDAQ:CDZI) Can Afford Some DebtHoward Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...
Reported Earnings • May 16First quarter 2023 earnings: EPS and revenues miss analyst expectationsFirst quarter 2023 results: US$0.19 loss per share (further deteriorated from US$0.16 loss in 1Q 2022). Net loss: US$12.0m (loss widened 67% from 1Q 2022). Revenue missed analyst estimates by 7.1%. Earnings per share (EPS) also missed analyst estimates by 138%. Revenue is forecast to grow 98% p.a. on average during the next 3 years, compared to a 6.5% growth forecast for the Water Utilities industry in the US. Over the last 3 years on average, earnings per share has increased by 30% per year but the company’s share price has fallen by 27% per year, which means it is significantly lagging earnings.
Reported Earnings • Mar 31Full year 2022 earnings: Revenues exceed analysts expectations while EPS lags behindFull year 2022 results: US$0.60 loss per share (improved from US$0.84 loss in FY 2021). Net loss: US$29.9m (loss narrowed 12% from FY 2021). Revenue exceeded analyst estimates by 12%. Earnings per share (EPS) missed analyst estimates by 11%. Revenue is forecast to grow 89% p.a. on average during the next 3 years, compared to a 6.4% growth forecast for the Water Utilities industry in the US. Over the last 3 years on average, earnings per share has increased by 27% per year but the company’s share price has fallen by 30% per year, which means it is significantly lagging earnings.
Breakeven Date Change • Dec 05Forecast to breakeven in 2024The analyst covering Cadiz expects the company to break even for the first time. New forecast suggests the company will make a profit of US$14.1m in 2024. Average annual earnings growth of 77% is required to achieve expected profit on schedule.
Reported Earnings • Nov 16Third quarter 2022 earnings: Revenues exceed analysts expectations while EPS lags behindThird quarter 2022 results: US$0.15 loss per share (improved from US$0.22 loss in 3Q 2021). Net loss: US$7.81m (loss narrowed 16% from 3Q 2021). Revenue exceeded analyst estimates by 36%. Earnings per share (EPS) missed analyst estimates by 7.1%. Revenue is forecast to grow 134% p.a. on average during the next 3 years, compared to a 6.1% growth forecast for the Water Utilities industry in the US. Over the last 3 years on average, earnings per share has increased by 24% per year but the company’s share price has fallen by 42% per year, which means it is significantly lagging earnings.
분석 기사 • Nov 08Does Cadiz (NASDAQ:CDZI) Have A Healthy Balance Sheet?Some say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...
Reported Earnings • Aug 12Second quarter 2022 earnings released: US$0.13 loss per share (vs US$0.30 loss in 2Q 2021)Second quarter 2022 results: US$0.13 loss per share (up from US$0.30 loss in 2Q 2021). Net loss: US$6.77m (loss narrowed 41% from 2Q 2021). Over the next year, revenue is forecast to grow 513%, compared to a 5.9% growth forecast for the industry in the US. Over the last 3 years on average, earnings per share has increased by 20% per year but the company’s share price has fallen by 31% per year, which means it is significantly lagging earnings.
분석 기사 • Jul 13Is Cadiz (NASDAQ:CDZI) Using Too Much Debt?Legendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...
Reported Earnings • May 13First quarter 2022 earnings: EPS misses analyst expectationsFirst quarter 2022 results: US$0.16 loss per share (down from US$0.16 loss in 1Q 2021). Net loss: US$7.18m (loss widened 21% from 1Q 2021). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 5.0%. Over the next year, revenue is forecast to grow 1,022%, compared to a 3.4% growth forecast for the industry in the US. Over the last 3 years on average, earnings per share has increased by 15% per year but the company’s share price has fallen by 44% per year, which means it is significantly lagging earnings.
Breakeven Date Change • Apr 27Forecast breakeven date pushed back to 2024The analyst covering Cadiz previously expected the company to break even in 2023. New forecast suggests losses will reduce by 27% per year to 2023. The company is expected to make a profit of US$35.6m in 2024. Average annual earnings growth of 77% is required to achieve expected profit on schedule.
Recent Insider Transactions • Apr 06Lead Independent Director recently bought US$165k worth of stockOn the 4th of April, Winston Hickox bought around 77k shares on-market at roughly US$2.13 per share. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought US$474k more in shares than they have sold in the last 12 months.
Breakeven Date Change • Mar 30Forecast breakeven date pushed back to 2024The analyst covering Cadiz previously expected the company to break even in 2023. New forecast suggests losses will reduce by 27% per year to 2023. The company is expected to make a profit of US$35.6m in 2024. Average annual earnings growth of 77% is required to achieve expected profit on schedule.
분석 기사 • Mar 28Cadiz (NASDAQ:CDZI) Is Carrying A Fair Bit Of DebtHoward Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...
Recent Insider Transactions • Dec 17Founder & Chairman recently bought US$90k worth of stockOn the 13th of December, Keith Brackpool bought around 25k shares on-market at roughly US$3.60 per share. This was the largest purchase by an insider in the last 3 months. This was Keith's only on-market trade for the last 12 months.
분석 기사 • Dec 14Here's Why Cadiz (NASDAQ:CDZI) Can Afford Some DebtWarren Buffett famously said, 'Volatility is far from synonymous with risk.' So it seems the smart money knows that...
Reported Earnings • Nov 13Third quarter 2021 earnings released: US$0.22 loss per share (vs US$0.13 loss in 3Q 2020)Third quarter 2021 results: Net loss: US$9.29m (loss widened 107% from 3Q 2020). Over the last 3 years on average, earnings per share has increased by 9% per year but the company’s share price has fallen by 19% per year, which means it is significantly lagging earnings.
Breakeven Date Change • Sep 23Forecast to breakeven in 2023The analyst covering Cadiz expects the company to break even for the first time. New forecast suggests the company will make a profit of US$10.2m in 2023. Average annual earnings growth of 75% is required to achieve expected profit on schedule.
Reported Earnings • Aug 14Second quarter 2021 earnings released: US$0.30 loss per share (vs US$0.14 loss in 2Q 2020)Second quarter 2021 results: Net loss: US$11.6m (loss widened 141% from 2Q 2020). Over the last 3 years on average, earnings per share has increased by 6% per year whereas the company’s share price has increased by 3% per year.
Executive Departure • Jun 24Independent Director Murray Hutchison has left the companyOn the 17th of June, Murray Hutchison's tenure as Independent Director ended after 24.1 years in the role. As of March 2021, Murray still personally held 63.69k shares (US$611k worth at the time). A total of 2 executives have left over the last 12 months.
Executive Departure • Jun 24Independent Director Richard Nevins has left the companyOn the 17th of June, Richard Nevins' tenure as Independent Director ended after 5.0 years in the role. As of March 2021, Richard still personally held 23.65k shares (US$227k worth at the time). A total of 2 executives have left over the last 12 months.
Executive Departure • Jun 23Independent Director Richard Nevins has left the companyOn the 17th of June, Richard Nevins' tenure as Independent Director ended after 5.0 years in the role. As of March 2021, Richard still personally held 23.65k shares (US$227k worth at the time). A total of 2 executives have left over the last 12 months.
Executive Departure • Jun 23Independent Director Murray Hutchison has left the companyOn the 17th of June, Murray Hutchison's tenure as Independent Director ended after 24.1 years in the role. As of March 2021, Murray still personally held 63.69k shares (US$611k worth at the time). A total of 2 executives have left over the last 12 months.
분석 기사 • Jun 11Shareholders Will Probably Hold Off On Increasing Cadiz Inc.'s (NASDAQ:CDZI) CEO Compensation For The Time BeingCEO Scott Slater has done a decent job of delivering relatively good performance at Cadiz Inc. ( NASDAQ:CDZI...
Reported Earnings • May 18First quarter 2021 earnings released: US$0.16 loss per share (vs US$0.66 loss in 1Q 2020)First quarter 2021 results: Net loss: US$5.94m (loss narrowed 71% from 1Q 2020). Over the last 3 years on average, earnings per share has increased by 5% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings.
분석 기사 • May 13When Can We Expect A Profit From Cadiz Inc. (NASDAQ:CDZI)?Cadiz Inc. ( NASDAQ:CDZI ) is possibly approaching a major achievement in its business, so we would like to shine some...
Reported Earnings • Mar 28Full year 2020 earnings released: US$1.11 loss per share (vs US$1.11 loss in FY 2019)Full year 2020 results: Net loss: US$37.8m (loss widened 28% from FY 2019). Over the last 3 years on average, earnings per share has increased by 2% per year but the company’s share price has fallen by 12% per year, which means it is significantly lagging earnings.
Is New 90 Day High Low • Feb 03New 90-day high: US$11.23The company is up 18% from its price of US$9.53 on 04 November 2020. The American market is up 16% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Water Utilities industry, which is up 5.0% over the same period.
분석 기사 • Jan 28Have Insiders Been Selling Cadiz Inc. (NASDAQ:CDZI) Shares This Year?We often see insiders buying up shares in companies that perform well over the long term. Unfortunately, there are also...
Is New 90 Day High Low • Jan 15New 90-day high: US$10.96The company is up 11% from its price of US$9.87 on 16 October 2020. The American market is up 12% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Water Utilities industry, which is up 6.0% over the same period.
Is New 90 Day High Low • Dec 29New 90-day high: US$10.91The company is up 10.0% from its price of US$9.92 on 29 September 2020. The American market is up 14% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Water Utilities industry, which is up 8.0% over the same period.
Is New 90 Day High Low • Dec 12New 90-day high: US$10.40The company is up 4.0% from its price of US$10.03 on 11 September 2020. The American market is up 13% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Water Utilities industry, which is up 10.0% over the same period.
분석 기사 • Dec 04Could The Cadiz Inc. (NASDAQ:CDZI) Ownership Structure Tell Us Something Useful?The big shareholder groups in Cadiz Inc. ( NASDAQ:CDZI ) have power over the company. Insiders often own a large chunk...
Reported Earnings • Nov 09Third quarter 2020 earnings released: US$0.13 loss per shareThird quarter 2020 results: Net loss: US$4.49m (loss narrowed 40% from 3Q 2019). Over the last 3 years on average, earnings per share has increased by 4% per year but the company’s share price has fallen by 11% per year, which means it is significantly lagging earnings.
Is New 90 Day High Low • Sep 23New 90-day low: US$9.23The company is down 11% from its price of US$10.34 on 25 June 2020. The American market is up 8.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Water Utilities industry, which is up 5.0% over the same period.
