Water Ways Technologies (WWT) AI Stock Analysis

• Market Cap: C$743.93K
• Dividend Yield: N/A
• Average Volume (3M): 370.37K
• Price to Earnings (P/E): ―
• Beta (1Y): -0.06
• Revenue Growth: -48.13%
• EPS Growth: -770.59%
• Country: CA
• Employees: 2
• Sector: Technology
• Sector Strength: 77
• Industry: Agricultural - Machinery
• EPS (TTM): -0.03
• Shares Outstanding: 148,785,340
• 10 Day Avg. Volume: 268,422
• 30 Day Avg. Volume: 370,369
• PEG Ratio: <0.01
• Price to Book (P/B): -0.18
• Price to Sales (P/S): 0.00
• P/FCF Ratio: -0.51
• 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

• Rating: 26 Underperform
• Price Target: ―

Water Ways Technologies' stock is heavily impacted by severe financial challenges, including declining revenues and negative equity. The lack of technical analysis signals and poor valuation metrics further reflect significant risks. Without earnings call insights or corporate events to alter this perspective, the stock remains unattractive.

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

Water Ways Technologies generates revenue through the sale and installation of its advanced irrigation systems. The company offers a range of products and services, including drip irrigation, sprinkler systems, and turnkey irrigation projects. WWT's revenue streams are primarily derived from direct sales to agricultural businesses and farmers, as well as ongoing maintenance and support services. In addition, the company leverages strategic partnerships with agricultural cooperatives and government agencies to expand its market reach and secure large-scale contracts, which significantly contribute to its earnings.

Water Ways Technologies Financial Statement Overview

Summary

Water Ways Technologies is under significant financial strain, with declining revenues, operational losses, and a precarious balance sheet. The company must address its negative equity and improve cash flow management. Stabilizing revenue and cost structures are critical to achieving financial sustainability and reducing leverage risks.

Income Statement

Water Ways Technologies has seen a significant decline in total revenue from 2022 to 2023, with a 38.76% drop. The gross profit margin decreased considerably to 5.92% in 2023, indicating challenges in maintaining cost efficiency. Net profit margin has turned negative, driven by substantial net losses. The EBIT and EBITDA margins are deeply negative, reflecting operational inefficiencies and high fixed costs.

Balance Sheet

The company faces severe financial distress, with negative stockholders' equity, indicating liabilities exceed assets. The debt-to-equity ratio cannot be calculated due to negative equity, highlighting potential solvency issues. Return on equity is also negative, suggesting poor use of equity capital. The equity ratio is negative, reflecting an unsustainable capital structure.

Cash Flow

Operating cash flow was negative in 2023, though improved from 2022. Free cash flow remains negative, showing cash outflows in operations after capital expenditures. The operating cash flow to net income ratio is not meaningful due to negative net income. The company needs to improve its cash generation to support operations and reduce reliance on external financing.

Breakdown
TTM	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019
Income Statement		Total Revenue
2.09M	6.62M	10.81M	16.16M	9.48M	9.63M
	Gross Profit
-842.00K	392.00K	1.79M	2.96M	1.38M	1.21M
	EBIT
-5.03M	-4.38M	-2.08M	-946.00K	-926.00K	-2.38M
	EBITDA
-4.76M	-3.11M	-1.82M	-829.00K	-787.00K	-2.20M
	Net Income Common Stockholders
-4.71M	-3.23M	2.07M	-5.41M	-1.12M	-2.37M
Balance Sheet		Cash, Cash Equivalents and Short-Term Investments
1.82M	199.00K	1.06M	2.60M	319.00K	237.00K
	Total Assets
7.57M	4.45M	9.23M	12.09M	7.93M	6.51M
	Total Debt
963.00K	2.34M	2.42M	1.42M	1.76M	1.86M
	Net Debt
-862.00K	2.14M	1.35M	-1.18M	1.44M	1.62M
	Total Liabilities
4.73M	6.07M	7.45M	12.85M	7.44M	4.84M
	Stockholders Equity
2.84M	-1.29M	1.71M	-831.00K	543.00K	1.67M
Cash Flow		Free Cash Flow
-868.00K	-1.39M	-3.05M	-1.48M	292.00K	-1.35M
	Operating Cash Flow
-862.00K	-1.38M	-2.92M	-1.31M	373.00K	-1.19M
	Investing Cash Flow
41.00K	25.00K	-76.00K	-32.00K	-100.00K	-524.00K
	Financing Cash Flow
268.00K	450.00K	1.40M	3.63M	-173.00K	1.78M

Water Ways Technologies Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 0.01
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: Negative

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:WWT, the sentiment is Negative. The current price of 0.01 is below the 20-day moving average (MA) of 0.01, below the 50-day MA of 0.01, and below the 200-day MA of 0.02, indicating a bearish trend. The MACD of >-0.01 indicates Negative momentum. The RSI at 44.20 is Neutral, neither overbought nor oversold. The STOCH value of 100.00 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for TSE:WWT.

Water Ways Technologies Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
AFN	68 Neutral	C$714.98M	26.96	-12.61%	1.56%	-7.86%	-171.51%
Sector *	61 Neutral	$11.29B	10.17	-6.88%	2.97%	7.41%	-8.93%
ISGI	41 Neutral	C$4.26M	―	-356.98%	―	33.05%	73.39%
WWT	26 Underperform	C$743.93K	―	249.11%	―	-48.13%	-770.59%
IOT		C$10.94M	28.21	22.65%	―	―	―
NPA.H		C$4.10M	24.07		―	―	―
CUBXF		$4.17M	―		―	―	―

Water Ways Technologies Corporate Events

Water Ways Awaits TSX Approval for Share Move

Water Ways Technologies Inc., a leader in Israeli-based agriculture technology, is awaiting approval from the TSX Venture Exchange for its proposed share consolidation. The company continues to expand its global presence by offering innovative irrigation solutions in over fifteen countries, targeting both developing and developed markets.

Water Ways Technologies Announces Share Consolidation

Water Ways Technologies Inc. has announced a share consolidation, converting every twenty shares into one, effective December 23, 2024, pending approval from the TSX Venture Exchange. This move will reduce the total number of shares from approximately 148 million to 7.4 million, with adjusted stock options and warrants. The consolidation aims to streamline trading and maintain the company’s name and trading symbol unchanged.