Company Information

  

Address: COMMERCE HOUSE, WICKHAMS CAY 1
P.O. BOX 3140, ROAD TOWN 
City: TORTOLA 
State:  
Zip Code: VG1110 
Telephone: 813-855-8636 

Description of Business

Primary SIC Code: 4941
(As filed with the SEC)  

We are a multinational provider of Water­as­a­Service, or WAAS, solutions that provide our customers with a reliable and cost­effective source of clean drinking and process water primarily under long­term contracts that minimize capital investment by the customer. We believe our WAAS business model offers a differentiated value proposition that generates long­term customer relationships, recurring revenue, predictable cash flow and attractive rates of return. We generate revenue from our operations in the United States, the Caribbean and South America, and are pursuing expansion opportunities in North America, the Caribbean, South America and other select markets. We deliver our WAAS solutions through two operating platforms: Seven Seas Water and Quench.  ... More ...  

Per Share Overview

Date 12-mos Rolling EPS Dividend P/E Ratio
06/2017-0.72NAN/E
03/2017-0.51NAN/E
12/2016-0.28NAN/E

Key Financial Ratios and Statistics

FYE: 12/31

Profitability 2016 Leverage 2016
Net Inc/Comm Equity-0.04Total Liab/Total Assets0.32
Net Inc/Total Assets-0.04Total Liab/Inv Cap0.37
Net Inc/Inv Cap-0.04Total Liab/Comm Equity0.30
Pretax Inc/Net Sales-0.18Interest Coverage Ratio-0.78
Net Inc/Net Sales-0.18Curr Debt/Equity0.08
Cash Flow/Net Sales0.12LTD/Equity0.31
SG&A/NetSales0.60Total Debt/Equity0.39
Asset Utilization   Liquidity  
Net Receivables Turnover7.41Quick Ratio2.46
Inventory Turnover10.51Current Ratio2.59
Inventory Day Sales0.03Net Rec/Curr Assets0.13
Net Sales/Work Cap1.50Inv/Curr Assets0.05
Net Sales/PP&E0.91  

Income Statement (Millions)

  6/30/2017 3/31/2017 12/31/2016 9/30/2016
Total Revenues(Net Sales) 29.89 29.01 29.85 28.86
Cost of Goods Sold 16.02 15.71 15.31 14.30
Selling & Admin Exps 16.74 16.49 24.90 15.11
Operating Income -2.87 -3.19 -10.35 -0.55
Interest Exp 1.70 1.82 2.99 2.80
Pretax Income -4.66 -5.19 -9.72 -3.44
Other Income -0.09 -0.18 3.62 -0.09
Net Income Bef Extraordinary ... NA NA NA NA
Net Income -5.53 -6.13 -7.55 -4.71

Balance Sheet (Millions)

Assets 6/30/2017 3/31/2017 12/31/2016 9/30/2016
Cash & Short Term Investments 83.08 90.08 95.50 25.28
Receivables - Total 14.32 11.94 15.47 15.94
Inventories - Total 6.46 5.57 6.25 6.03
Total Current Assets 113.78 115.43 123.62 54.87
Net Property, Plant & Equipment 124.47 124.22 125.49 126.29
Total Assets 519.46 523.12 536.70 427.69
Liabilities        
Accounts Payable 16.92 12.98 16.96 16.00
Debt in Current Liabilities 9.09 35.19 27.96 25.06
Total Current Liabilities 28.79 50.62 47.74 43.48
Long-Term Debt 121.49 101.78 115.75 125.16
Total Liabilities 157.91 158.88 169.19 174.00
Stockholder's Equity        
Minority Interest NA NA NA NA
Preferred Stock NA NA NA 195.99
Common Stock 0.00 0.00 0.00 232.89
Retained Earnings -202.29 -196.76 -190.64 -183.09
Treasury Stock NA NA NA NA
Total Stockholders' Equity 361.55 364.23 367.51 253.69
Total Liabilities and Stockholders' Equity 519.46 523.12 536.70 427.69

Cash Flow Summary (Millions)

Categories 6/30/2017 3/31/2017 12/31/2016 9/30/2016
Net Cash Provided by Operating Activities 5.34 5.30 1.67 0.96
Net Cash Provided by Investing Activities -5.09 -2.50 -48.62 -4.73
Net Cash Provided by Financing Activities -7.17 -8.11 117.29 -1.02

Annual Summary Data (Millions)

Year Sales Net Income EPS
12/201467.13-2.13--
12/2015100.34-41.79--
12/2016114.10-20.47-0.28
Growth Rates30.37----

Stock Ownership

Type Date(Q,M) No. Owners Shares Held (000s) % Own
Institutional09/30/177110,07738.12




Report Date : 10/16/2017

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