Water Intelligence reported a strong increase in revenues for 1H22 but that did not translate into profits which were held back by a sharp increase in other administrative costs. We understand that cost trajectory should flatten in 2H22 which, together with an increase in our revenue forecasts, means we maintain our EPS forecasts. The revenue performance underscores the strength of the growth story but given current market conditions and the need for Water Intelligence to demonstrate bottom line ....
22 Sep 2022
Water Intelligence - 1H22 interims, amending TP, reiterate Buy
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Water Intelligence - 1H22 interims, amending TP, reiterate Buy
Water Intelligence plc (WATR:LON) | 325 0 0.0% | Mkt Cap: 63.3m
- Published:
22 Sep 2022 -
Author:
Colin Smith -
Pages:
5
Water Intelligence reported a strong increase in revenues for 1H22 but that did not translate into profits which were held back by a sharp increase in other administrative costs. We understand that cost trajectory should flatten in 2H22 which, together with an increase in our revenue forecasts, means we maintain our EPS forecasts. The revenue performance underscores the strength of the growth story but given current market conditions and the need for Water Intelligence to demonstrate bottom line ....