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Current Water Technologies Faces Q1 Challenges

Current Water Technologies Faces Q1 Challenges

Current Water Technologies Inc (TSE:WATR) has released an update.

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Current Water Technologies Inc. reports a dip in revenue for the first quarter of 2024, recording $868,578 compared to the previous year’s $1,002,280, alongside an increase in operating expenses. Despite repaying a portion of its COVID-related loans, the company’s net earnings also fell to $97,345 from $329,077 year-over-year. These financial developments mark a challenging start to the year for the water treatment technology firm.

For further insights into TSE:WATR stock, check out TipRanks’ Stock Analysis page.

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