H2O Innovation, $0.18, symbol HEO on Toronto (Shares outstanding: 60.1 million; Market cap: $10.8 million; www.h2oinnovation.com), sells water-treatment systems that use membrane filtration technology. Its customers include municipal governments and companies in the energy and mining industries.
In the three months ended June 30, 2012, H2O’s revenue rose 47.7%, to $11.6 million from $7.8 million a year earlier. The company earned $880,620, or $0.014 a share, compared to a loss of $81,081, or $0.002 a share, a year earlier.
H2O’s total debt is a high $7.1 million, or 66% of its $10.8-million market cap, although it does hold cash of $1.5 million, or $0.02 a share.
The company operates in a highly competitive market and will need to keep winning new contracts to show growth. However, it did end the latest quarter with a $20.8-million order backlog.
H2O is okay to hold, but only for highly aggressive investors.
investors.
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Privacy Policy and Terms of Use
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