# Water Intelligence Surpasses prior FY revenue result earlier than expected

- Link: https://www.directorstalkinterviews.com/water-intelligence-surpasses-prior-fy-revenue-result-earlier-than-expected/412799135
- Published: 2019-11-27T07:12:17+00:00
- Author: Giles Arbor

**Water Intelligence plc** (LON: WATR), a leading multinational provider of precision,
minimally-invasive leak detection and remediation solutions for both potable and
non-potable water has provided a trading update through the end of October with 
respect to a year-to-date sales growth milestone.

We report that once again we have surpassed the prior full-year revenue result earlier
than expected. Through the end of October, we achieved $27.5 million in revenue 
which stands significantly ahead of the full year 2018 result of $25.5 million. 
Profit before tax (statutory and adjusted) remains comfortably in-line with expectations
for full year 2019.

We are especially pleased to produce these strong top and bottom line results while
re-investing during the year in three new lines of business for our next five-year
growth plan which begins in 2020: (i) on-line product sales for water leak monitoring
and water quality; (ii) proprietary sewer and wastewater technologies and solutions
to supplement our leading clean water leak detection technologies and solutions;
and (iii) cross-sales of our UK municipal solutions into the US. These initiatives
will reinforce our growth trajectory.

> **Water Intelligence Executive Chairman, Dr. Patrick DeSouza remarked: **
> “We are delivering on our objectives and we remain ambitious. While surpassing
> the sales milestone is important, we seek to finish the year strongly and to set
> even higher near-term targets than expected. We and our franchisees believe in
> the importance of our mission to provide technology solutions to water loss – 
> a big issue facing the world. Our level of execution and strong market demand 
> for water infrastructure services globally enable us to accelerate our next five-
> year growth plan. Given our existing sales footprint in the US, UK, Australia 
> and Canada, we remain confident in our ability to leverage our brand.”

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