Water Ways Technologies, Inc. (TSE:WWT) has released an update.
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Water Ways Technologies Inc., an Israeli-based agri-tech company focusing on irrigation solutions, reported a challenging financial year for 2023 with sales declining to CAD$8.9M from CAD$14.1M the previous year, and a net loss of CAD$4.9M compared to a profit of CAD$2.7M in 2022. The company’s financial position weakened with a significant reduction in total assets and cash equivalents. Despite operational cutbacks and a strategic shift to North American markets, the company experienced a downturn in its financial performance.
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