Revenue for the first nine months of 2022 increased by 173% over the same period in 2021, nearly tripling to
The complete quarterly report is posted on the
'What's especially striking about this report is that our revenue for just these nine months of 2022 is already nearly double the entirety of 2021, which came in at just over
Loss from operations for the three months ended
Among other expenses, the Company is continuing to invest in the new Water On Demand initiative, which seeks to further accelerate sales by letting customers pay for their systems as they go, without the need for capital expenditure or water expertise.
'The team did a great job of dealing with expansion and supply chain shortages, increasing their gross margins by 3% to 24.5% for the three months ending
About
Once a government monopoly, clean water is going private. Local industries and communities are now treating and recycling their own water, helping to reduce the burden on municipal systems and save on fast-rising water rates while also responding to the challenge of climate change. That's good for business and good for sustainability. Now, the innovative fintech, Water On Demand, is enabling clean water to become an investable asset, open to main street investors, with the potential for generational royalties.
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Matters discussed in this release contain forward-looking statements. When used in this release, the words 'anticipate,' 'believe,' 'estimate,' 'may,' 'intend,' 'expect,' 'plans' and similar expressions identify such forward-looking statements. Actual results, performance or achievements could differ materially from those contemplated, expressed or implied by the forward-looking statements contained herein.
These forward-looking statements are based largely on the expectations of the Company and are subject to a number of risks and uncertainties. These include, but are not limited to, risks and uncertainties associated with our history of losses and our need to raise additional financing, the acceptance of our products and technology in the marketplace, our ability to demonstrate the commercial viability of our products and technology and our need to increase the size of our organization, and if or when the Company will receive and/or fulfill its obligations under any purchaser orders. Further information on the Company's risk factors is contained in the Company's quarterly and annual reports as filed with the
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