Global Water Resources reports Q1 EPS 2c vs. 3c last year

Reports Q1 revenue $12.5M vs. $11.6M last year. “In Q1 2025, we continued to increase our top-line primarily due to organic growth in active water and wastewater connections and increased consumption,” commented CEO, Ron Fleming. “We believe we can maintain solid revenue growth in the quarters and years to come as we reflect appropriate rate increases on top of our organic growth, which together support the potential for strong net income growth”. CFO Mike Liebman stated: “In preparation for further growth and expansion, we strengthened our capital resources during the quarter by extending our revolving credit facility to May 2027 and increasing the amount available for borrowing from $15M to $20M. We also raised net proceeds of $30.8M in a public offering of common stock in March, demonstrating strong investor confidence in our future growth prospects. Together, these transactions brought our capital resources to approximately $51.5M, comprised of $31.5M in cash and cash equivalents by quarter end, in addition to the $20M available for withdrawal under the revolving credit facility. We believe our capital resources position us well to fund and engage in a variety of growth opportunities, such as capital improvements and acquisitions…Given the market’s current positive outlook and the strong financial foundation we have laid, we believe we are well positioned for continued growth throughout the remainder of the year.”