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H2O Innovation Inc.
HEO.TO•TSX
Utilities
Regulated Water
CA$4.25
CA$0.010(0.24%)

The company's financials show resilient growth, with revenue advancing from $63.85M in Q2 2022 to $59.32M in Q1 2023. Gross profit remained healthy with margins at 25% in Q1 2023 compared to 27% in Q2 2022. Operating income hit $1.33M last quarter, sustaining a consistent 2% margin. Changes in R&D and SG&A spending did not hinder EBITDA, which stood at $4.55M. Net income rose to -$421000.00, while earnings per share reached -$0.005. Strong cost management and operational efficiency kept profitability intact, underlining the company's stable and competitive market performance.
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