Water Ways Technologies (WWT) AI Stock Analysis

• Market Cap: C$669.53K
• Dividend Yield: N/A
• Average Volume (3M): 3.48K
• Price to Earnings (P/E): ―
• Beta (1Y): -0.68
• Revenue Growth: -82.58%
• EPS Growth: 59.94%
• Country: US
• Employees: 2
• Sector: Technology
• Sector Strength: 88
• Industry: Agricultural - Machinery
• EPS (TTM): >-0.01
• Shares Outstanding: 14,878,535
• 10 Day Avg. Volume: 4,221
• 30 Day Avg. Volume: 3,477
• PEG Ratio: >-0.01
• Price to Book (P/B): -0.10
• Price to Sales (P/S): 0.15
• P/FCF Ratio: -27.21
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 47 Neutral
• Price Target: C$0.04 ▲(10.00% Upside)

The score is primarily held down by weak financial performance (sharp revenue contraction, materially negative profitability, and negative equity). Technical indicators provide a modest offset with improving near-term momentum, while valuation is not supportive given the negative P/E and lack of dividend yield.

Positive Factors

Revenue mix: products and services

WWT’s dual revenue streams—equipment/system sales plus project services—provide structural diversification. Services create longer project relationships, recurring project pipelines and cross-sell opportunities, stabilizing revenue over multi-quarter cycles versus single-product sellers.

Positive operating and free cash flow (TTM)

Recent TTM positive operating and free cash flow demonstrates the company can generate internal liquidity from operations, supporting near-term operations and limited reinvestment without immediate reliance on external financing — a durable advantage if cash generation persists.

Specialized irrigation focus

A focused niche in agricultural irrigation gives WWT domain expertise and product-market fit in a sector with structural demand for water efficiency. Specialization supports competitive barriers, technical know-how, and long sales cycles tied to farm investment decisions.

Negative Factors

Negative equity and stressed balance sheet

Persistent negative equity signals a structurally weakened balance sheet that increases refinancing and solvency risk, limits borrowing capacity for capex or working capital, and constrains long-term strategic flexibility unless materially improved through profits or capital raises.

Sharp revenue contraction trend

A multi-year downtrend and large recent top-line decline erode scale economics and market position, making it harder to cover fixed costs, invest in product development, and sustain customer relationships — a structural headwind to margin recovery and growth.

Negative gross profit and inconsistent profitability

Negative gross profit indicates product and direct-cost issues that cannot be solved solely by cutting overhead. Sustained negative gross margins threaten long-term viability until pricing, sourcing, or product mix improvements restore unit-level economics and enable durable profitability.

Water Ways Technologies Business Overview & Revenue Model

Company Description

Water Ways Technologies Inc., an agriculture technology company, provides water irrigation and agriculture solutions to agricultural producers in Israel and internationally. It designs, supplies, installs, and maintains irrigation systems for application in various agricultural and aquaculture operations. The company offers integrated solutions, including the precise irrigation and project implementation solutions for cannabis growers. It also sells irrigation equipment and components. Water Ways Technologies Inc. was founded in 2003 and is based in Toronto, Canada.

How the Company Makes Money

WWT generates revenue through multiple streams, including the sale of its irrigation systems and water treatment solutions to agricultural businesses and municipalities. The company also earns income from service contracts related to installation and maintenance of its systems, as well as licensing fees from its proprietary software that helps clients optimize their water usage. Additionally, WWT has established strategic partnerships with agricultural cooperatives and environmental organizations, which not only enhance its market reach but also create opportunities for joint projects and shared revenue models. Grants and subsidies for water conservation initiatives also contribute to WWT's earnings, particularly in regions where water scarcity is a critical issue.

Water Ways Technologies Financial Statement Overview

Summary

Weak overall fundamentals: TTM revenue fell ~39.5% with deeply negative profitability (including negative gross profit) and the balance sheet shows negative equity in the TTM and multiple recent years. Positive TTM operating and free cash flow is a partial offset but remains inconsistent historically and small versus debt needs.

Income Statement

TTM (Trailing-Twelve-Months) results show sharp top-line contraction (revenue down ~39.5%) and deeply negative profitability, with negative gross profit and very weak operating and net margins. Annual history shows revenues have trended down materially since 2021, and profitability has been inconsistent (including losses in most years). The main strength is that 2022 showed a temporary period of positive net income, but the subsequent return to large losses and negative gross profit in the latest period is a major concern.

Balance Sheet

The balance sheet is stressed, with stockholders’ equity negative in the TTM (Trailing-Twelve-Months) period and also negative in multiple recent years, which limits financial flexibility and increases refinancing risk. Debt remains meaningful relative to the company’s size, and the negative equity base makes leverage signals unfavorable. A prior year (2022) showed positive equity, but the deterioration back into deeply negative equity is the key weakness.

Cash Flow

Cash flow is a relative bright spot in the TTM (Trailing-Twelve-Months) period, with positive operating cash flow and positive free cash flow, and strong free-cash-flow growth versus the prior year. However, the longer track record is volatile (negative operating/free cash flow in several annual periods), and cash generation is small relative to the debt load, indicating limited capacity to deleverage without operational improvement.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	663.28K	3.47M	6.62M	10.81M	16.16M	9.48M
Gross Profit	-381.42K	-517.00K	392.00K	1.79M	2.96M	1.38M
EBITDA	-1.24M	-2.95M	-3.11M	-1.86M	-782.00K	-805.00K
Net Income	-2.11M	-3.70M	-3.23M	2.07M	-5.41M	-1.12M
Balance Sheet
Total Assets	461.94K	365.00K	4.45M	9.23M	12.09M	7.93M
Cash, Cash Equivalents and Short-Term Investments	281.06K	21.00K	199.00K	1.06M	2.60M	319.00K
Total Debt	3.09M	1.91M	2.34M	2.42M	1.42M	1.76M
Total Liabilities	5.54M	5.67M	6.07M	7.45M	12.85M	7.44M
Stockholders Equity	-6.87M	-5.03M	-1.29M	1.71M	-831.00K	543.00K
Cash Flow
Free Cash Flow	179.54K	-19.00K	-1.39M	-3.05M	-1.48M	292.00K
Operating Cash Flow	179.54K	-19.00K	-1.38M	-2.92M	-1.31M	373.00K
Investing Cash Flow	-137.00K	12.00K	25.00K	-76.00K	-32.00K	-100.00K
Financing Cash Flow	5.00K	-168.00K	450.00K	1.40M	3.63M	-173.00K

Water Ways Technologies Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	61 Neutral	$37.18B	12.37	-10.20%	1.83%	8.50%	-7.62%
WWT	47 Neutral	C$669.53K	-0.25	―	―	-82.58%	59.94%