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Tuesday, November 14, 2006 11:06:39 PM
WWAT filed
Achieves Record Revenue for the Quarter of $6.5 million Record Gross Margins of 22%
Revenue for the third quarter was $6.5 million, compared with $0.6 million reported in the third quarter of 2005. Gross profit for the quarter was $1.5 million or 22.2% gross margin, versus a loss of $0.2 million in the prior-year period. The company posted an operating loss of $0.4 million compared with an operating loss of $1.4 million in the third quarter of 2005. Net loss for the third quarter was $0.8 million, or $(0.01) per share, compared to a loss of $4.8 million, or $(0.05) per share, in the prior-year period.
For the first nine months of fiscal 2006, WorldWater reported revenue of $10.3 million, versus $0.8 million in the same period last year. Gross profit was $1.9 million for the first three quarters of 2006, as compared with a loss of $(0.2) million in 2005. Net loss for the period was $6.3 million, or $(0.05) per share, versus a net loss of $7.5 million, or $(0.08) per share, in the same period last year.
The company had given preliminary guidance of revenue in the range of $5.8 - $6.1 million for the quarter
Gross profit was $1.5 million, big increase over past 2 quarters.
Could post first 'positive' cash flow in Q4 was within 400K
PROJECTIONS
For the fourth quarter, WorldWater & Power expects to report revenues between $8.5 and $9.2 million, with additional improvement in gross profits. In addition, the company announced that it is making substantial progress toward completion in the fourth quarter of its largest installment to date, the $7.8 million Farm ACW avocado ranch in California.
Achieves Record Revenue for the Quarter of $6.5 million Record Gross Margins of 22%
Revenue for the third quarter was $6.5 million, compared with $0.6 million reported in the third quarter of 2005. Gross profit for the quarter was $1.5 million or 22.2% gross margin, versus a loss of $0.2 million in the prior-year period. The company posted an operating loss of $0.4 million compared with an operating loss of $1.4 million in the third quarter of 2005. Net loss for the third quarter was $0.8 million, or $(0.01) per share, compared to a loss of $4.8 million, or $(0.05) per share, in the prior-year period.
For the first nine months of fiscal 2006, WorldWater reported revenue of $10.3 million, versus $0.8 million in the same period last year. Gross profit was $1.9 million for the first three quarters of 2006, as compared with a loss of $(0.2) million in 2005. Net loss for the period was $6.3 million, or $(0.05) per share, versus a net loss of $7.5 million, or $(0.08) per share, in the same period last year.
The company had given preliminary guidance of revenue in the range of $5.8 - $6.1 million for the quarter
Gross profit was $1.5 million, big increase over past 2 quarters.
Could post first 'positive' cash flow in Q4 was within 400K
PROJECTIONS
For the fourth quarter, WorldWater & Power expects to report revenues between $8.5 and $9.2 million, with additional improvement in gross profits. In addition, the company announced that it is making substantial progress toward completion in the fourth quarter of its largest installment to date, the $7.8 million Farm ACW avocado ranch in California.
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