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Water Intelligence ( (GB:WATR) ) just unveiled an update.
Water Intelligence PLC reported a 10% increase in revenue to $83.3 million and a 12% rise in adjusted EBITDA to $15 million for the year ending December 2024. The company announced two strategic acquisitions to enhance its market presence: Effective Plumbing in Connecticut and an American Leak Detection franchise in Georgia and South Carolina. These acquisitions are expected to drive revenue and profit growth in 2025. Furthermore, Water Intelligence has formed a strategic partnership with StreamLabs Inc. to expand its preventive maintenance services, aiming to differentiate its brand and strengthen its position in the US market. The company is also exploring a US listing to attract more investors and capitalize on its strong financial foundation and growth potential.
More about Water Intelligence
Water Intelligence PLC is a leading multinational company specializing in precision, minimally-invasive leak detection and remediation solutions for both potable and non-potable water. The company focuses on providing services and products that cater to residential and commercial water infrastructure, particularly in the US market.
YTD Price Performance: -6.06%
Average Trading Volume: 26,023
Technical Sentiment Consensus Rating: Strong Buy
Current Market Cap: £75.33M
For detailed information about WATR stock, go to TipRanks’ Stock Analysis page.
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