Business
Final Results
Final Results.
About this update from Water Intelligence Plc
[{"type":"text","content":"\n \nRNS Number : 4902Y Water Intelligence PLC 09 May 2019 \n\n \n \nWater Intelligence plc (AIM: WATR.L)\n (\"Water Intelligence\", the \"Group\" or the \"Company\")\nAudited results for the year ended 31 December 2018\nWater Intelligence, a leading multinational provider of precision, minimally-invasive leak detection and remediation solutions for both potable and non-potable water, is pleased to present its full, audited results for the year ended 31 December 2018. \nCopies of the Annual Report will be made available to view on the Company's website at www.waterintelligence.co.uk.\nResults Highlights\n· Revenue growth once again strong at 45% year-over-year reaching $25.5 million (2017: $17.6 million)\no Total System-wide sales (franchisee gross sales and corporate-operated sales) pass $100 million \n· Profit before tax growth exceeds revenue growth at 53% year-over-year reaching $1.8 million (2017: $1.1 million)\no Profit before tax adjusted for non-core costs (non-recurring, amortization, and share-based payments) grows 44% to $2.5 million (2017: $1.7 million)\n· Sustained growth and acceleration of financial performance\no 2016-18 CAGRs: Revenue 45%; PBT 51%\no 2014-18 CAGRs: Revenue 37%; PBT 32% \n· Core business units - American Leak Detection (ALD) and UK-based Water Intelligence International (WII) both grow strongly establishing a Group distribution platform for a broad matrix of residential, commercial and municipal/water utility solutions to address both clean water and wastewater problems\no ALD revenue grows 45% to $22.6 million (2017: $15.5 million)\n§ Royalty income from franchisees grows in absolute terms by 5.7% to $6.3 million (2017: $5.9 million) despite additional franchise reacquisitions\n§ Corporate-operated sales grow 70% year-over-year to $10.1 million (2017: $5.9 million)\n· Organic growth from corporate locations held since January 1, 2017 of 34% \n· Corporate locations profit margins triple (2018: 12%; 2017: 4%) driving the Group's increase in PBT while reinvesting for sales growth\no WII revenue grows 39% to $2.9 million for 2018 (2017: $2.1 million)\n§ Maiden PBT of $0.03 million (2...