Water Intel. Share News (WATR)

Water Intelligence says recent success provides "dry powder" for 2024

(Alliance News) - Water Intelligence PLC on Thursday reported success across all main metrics in its latest year, preparing the company for its next phase of growth.

EARNINGS AND TRADING: Capital for Colleagues reports "solid progress"

(Alliance News) - The following is a round-up of earnings for London-listed companies, issued on Thursday and not separately reported by Alliance News:

IN BRIEF: Water Intelligence expands credit facility

Water Intelligence PLC - London-based leak detection services company - Increases acquisition line of credit by USD5 million. Executive Chair Patrick DeSouza says: "We look forward to a strong 2024 as we have significant available capital to deploy for increasing shareholder value. We appreciate the help of M&T Bank to structure a facility that helps us manage our cost of capital to the lowest level relative to the market." Water Intelligence says that when amounts are drawn from the facility, the loan amount converts into a five-year term loan. It adds: "Interest rate on the term loan is a floating rate that is capped at 8% through the use of a customized financial product; moreover, if market rates decrease during the 5 year period, then Water Intelligence gets the benefit of a reduction of the interest rate for the underlying loan."

EARNINGS AND TRADING: Porvair buys EFC, Iomart interim profit falls

(Alliance News) - The following is a round-up of earnings and trading updates by London-listed companies, issued on Tuesday and not separately reported by Alliance News:

TRADING UPDATES: Maintel outlook promising; Good Energy revenue up

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Tuesday and not separately reported by Alliance News:

UK earnings, trading statements calendar - next 7 days

IN BRIEF: Water Intelligence reports progress with four new products

Water Intelligence PLC - London-based leak detection services company - Announces that four technology products are now gaining increased commercial traction. New products are IntelliDitch, Pulse, LS1 and CreatorSuite 2.0. Project involving IntelliDitch with a major US engineering firm is worth USD100,000, company says. Pulse has gained traction with major UK water companies achieving over USD500,000 in sales and a growing sales pipeline. LS1 is currently being used at three different UK water utilities with initial sales of over USD100,000.

Water Intelligence notes reacquisition of West Covina franchise

(Alliance News) - Water Intelligence PLC on Monday announced the reacquisition of its franchise in West Covina, California within its American leak detection subsidiary.

UK shareholder meetings calendar - next 7 days

Water Intelligence revenue rises on franchise related activities

(Alliance News) - Water Intelligence PLC on Wednesday said annual revenue grew by double-digits, while profit fell slightly.

LONDON BROKER RATINGS: Barclays cuts Rathbones, but raises Grainger

(Alliance News) - The following London-listed shares received analyst recommendations Wednesday morning on Tuesday:

Water Intelligence profit climbs in first quarter despite inflation

(Alliance News) - Water Intelligence PLC on Wednesday reported growth in profit and revenue in the first quarter of 2023, citing its business model performing well in an environment of high inflation and rising interest rates.

TRADING UPDATES: Northcoders buys Tech Returners; Starvest loss widens

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Tuesday and not separately reported by Alliance News:

TRADING UPDATES: Water Intelligence eyes revenue at top end of outlook

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Thursay and not separately reported by Alliance News:

Water Intelligence performs 'strongly' through third quarter

(Sharecast News) - Leak detection and remediation specialist Water Intelligence said in an update on Thursday that it performed "strongly" in the first nine months of the year, despite macroeconomic uncertainty.