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Home CompaniesForward Water Technologies Corp

Forward Water Technologies Corp

Utilities Utilities - Regulated Water
PortfolioPortfolio WatchlistWatchlist
Company price
0.025 CAD 0.00(0%)
Last update at 2026-11-03T14:30:00Z
Market Cap
2.70M

Momentum Score

…

Forward Water Technologies Corp. engages in the commercialization of forward osmosis technology. The company's technology allows businesses to clean wastewater, as well as enables the reclamation of up to 90% of the waste as clean water that is used in environment and reused by manufacturing operations. It offers lab and pilot plant services for process modeling, treatment train optimization and design validation; engineering skid and piloting services; designing, testing, validation, and support services; start-up, commissioning and performance testing; on-site FO system operations; build/own/operate and build/own/operate/transfer agreements; site specific operator training and refresher courses; remote monitoring an support; and lithium brine concentrating for DLE Testing, as well as mobile-iFO industrial treatment systems for emergency, piloting or temporary needs. The company's technology is used in the lithium, mining, brine management, oil and gas, and zero liquid discharge and minimal liquid discharge industries. Forward Water Technologies Corp. is based in Sarnia, Canada.

Source: TradingView
The charts and visual representations are sourced from TradingView through embedded widgets. For any issues with chart display, please visit the TradingView website

Day Price Range
0.03
Low
0.03
High
52 Week Price Range
0.04
Low
0.10
High

Momentum Score

…
Loading momentum score…

A unique technical analysis driven score developed by Kalkine showing momentum in stock prices based on select technical indicators identified.

Score - Rating
>= 1 - Low / > 1 but < 2 - Below Average / > 2 but < 3 - Average / > 3 but < 4 - Above Average / > 4 - High
AI Summary

Public information is limited; Forward Water Technologies Corp is a Canadian-listed company that develops water-treatment technologies intended for industrial and municipal use. Long-term growth drivers may include rising demand for water efficiency, regulatory pressure to reduce chemical use and wastewater, and successful commercialization or licensing of its technology, which could support recurring service revenue.
Material risks include early-stage commercialization and execution risk, likely need for additional financing, strong competition in water-treatment markets and regulatory uncertainty.

Risk Score
High

Note: The summary and risk score provided above is created by AI and should not be construed as a recommendation of Kalkine.

Key Metrics*

Previous Close
0.03
Dividend Yield
-
Revenue TTM
0.06M
Revenue Per Share
0.00
Gross Profit TTM
0.06M
Debt / Equity
-
ROE
-126.66%
Net Debt
0.37M
ROCE
-1676.28%
Diluted EPS TTM
-0.12

Key Financials*

Income Statement

Balance Sheet

Change in Cash

Total Operating Cash

Dividends Paid

Breakdown 2024-03-31 2023-03-31 2022-03-31 2021-03-31 2020-03-31
Type yearly yearly yearly yearly yearly
Date 2024-03-31 2023-03-31 2022-03-31 2021-03-31 2020-03-31
Income before tax -2.20M -2.29M -4.18M -1.50M -
Net income -2.20M -2.29M -4.18M -1.50M -
Selling general administrative 1.93M 1.41M 3.28M 0.61M -
Reconciled depreciation 0.04M 0.27M 0.27M 0.36M -
Ebit - -2.09M -2.92M -0.84M -1.20M
Ebitda - -1.99M -3.80M -0.75M -
Operating income -2.12M -2.26M -4.16M -1.05M -
Other operating expenses - -0.04M -0.03M -0.22M -0.15M
Interest expense 0.08M 0.03M 0.11M 0.39M 0.00M
Interest income 0.00M 0.00M 0.00M 0.00M -
Net interest income -0.08M -0.03M -0.11M -0.39M -
Income tax expense - - - - -0.23M
Total revenue 0.07M 0.04M 0.01M 0.04M -
Total operating expenses 2.19M 2.30M 4.17M 1.09M -
Total other income expense net 0.01M -0.00M 0.10M -0.06M -
Net income from continuing ops -2.20M -2.29M -4.18M -1.50M -
Net income applicable to common shares - -2.29M -4.18M -1.50M -1.28M
Breakdown 2024-03-31 2023-03-31 2022-03-31 2021-03-31 2020-03-31
Type yearly yearly yearly yearly yearly
Date 2024-03-31 2023-03-31 2022-03-31 2021-03-31 2020-03-31
Total assets 1.59M 2.13M 4.56M 1.10M -
Total liab 1.83M 0.70M 1.04M 3.36M -
Total stockholder equity -0.24M 1.43M 3.51M -2.27M -
Other current liab 0.12M - - 0.23M 0.23M
Common stock - 9.64M 9.50M 1.64M 1.64M
Capital stock 9.96M 9.64M 9.50M 1.64M -
Retained earnings -14.86M -12.67M -10.38M -6.20M -4.70M
Other liab - 0.02M 0.26M 0.36M 0.57M
Cash 0.07M 0.97M 3.01M 0.15M -
Total current liabilities 1.46M 0.68M 0.46M 2.74M 0.87M
Net debt 0.37M - - 2.10M -
Short long term debt 0.41M 0.34M - 1.98M -
Other stockholder equity - 1.76M 1.76M - -
Property plant equipment - 1.00M 0.93M 0.80M 1.16M
Total current assets 0.23M 1.13M 3.63M 0.29M 0.92M
Net tangible assets - 1.43M 3.51M -2.27M -0.77M
Short term investments 0.01M 0.03M 0.03M 0.01M -
Net receivables 0.00M 0.08M 0.22M 0.05M 0.54M
Long term debt 0.03M - 0.32M 0.26M -
Accounts payable 0.69M 0.17M 0.30M 0.11M 0.19M
Non current assets total 1.36M 1.00M 0.93M 0.80M -
Breakdown 2024-03-31 2023-03-31 2022-03-31 2021-03-31 2020-03-31
Type yearly yearly yearly yearly yearly
Date 2024-03-31 2023-03-31 2022-03-31 2021-03-31 2020-03-31
Investments -0.39M -0.59M -0.02M -0.02M -0.02M
Change to liabilities - -0.12M 0.04M 0.09M 0.02M
Total cashflows from investing activities - -0.59M 0.05M 0.05M -0.63M
Net borrowings 0.10M - -0.50M 0.01M 1.12M
Total cash from financing activities 0.49M 0.00M 5.47M 0.01M 1.12M
Change to operating activities - 0.32M -0.27M 0.36M -0.21M
Net income -2.20M -2.29M -4.18M -1.50M -1.28M
Change in cash -0.90M -2.04M 2.87M -0.19M -0.44M
Begin period cash flow 0.97M 3.01M 0.15M 0.34M -
End period cash flow 0.07M 0.97M 3.01M 0.15M 0.34M
Total cash from operating activities -1.00M -1.46M -2.66M -0.20M -0.93M
Depreciation 0.04M 0.27M 0.27M 0.36M 0.39M
Change to account receivables - 0.14M -0.19M 0.08M 0.13M
Other cashflows from financing activities - - 0.86M 0.86M 0.00M
Change to netincome - 0.22M 1.67M 0.42M 0.03M
Capital expenditures 0.39M 0.59M 0.39M 0.39M 0.63M
Change in working capital 0.95M 0.34M -0.42M 0.53M -
Stock based compensation 0.04M 0.07M 0.03M 0.00M -
Other non cash items 0.17M -0.09M 1.63M 0.15M -
Free cash flow -1.39M -2.04M -3.04M -0.20M -

Peer Comparison*

Sector: Utilities Industry: Utilities - Regulated Water

Stock Name
Change
(CAD)
Price
(CAD)
Trailing
PE (x)
Forward
PE (x)
Price Sales
TTM (x)
Price to Book Value (x)
Enterprise Value
to Revenue (x)
Enterprise Value
to EBITDA (x)
FWTC
Forward Water Technologies Corp		 -
-%		 0.03 - - 47.57 0.65 2.56 -1.12

Profile*

Forward Water Technologies Corp

Forward Water Technologies Corp. engages in the commercialization of forward osmosis technology. The company's technology allows businesses to clean wastewater, as well as enables the reclamation of up to 90% of the waste as clean water that is used in environment and reused by manufacturing operations. It offers lab and pilot plant services for process modeling, treatment train optimization and design validation; engineering skid and piloting services; designing, testing, validation, and support services; start-up, commissioning and performance testing; on-site FO system operations; build/own/operate and build/own/operate/transfer agreements; site specific operator training and refresher courses; remote monitoring an support; and lithium brine concentrating for DLE Testing, as well as mobile-iFO industrial treatment systems for emergency, piloting or temporary needs. The company's technology is used in the lithium, mining, brine management, oil and gas, and zero liquid discharge and minimal liquid discharge industries. Forward Water Technologies Corp. is based in Sarnia, Canada.

1086 Modeland Road, Sarnia, ON, Canada, N7S 6L2

519 333 5888

https://www.forwardwater.com

Name Title Year Born
Dr. C. Howie Honeyman Ph.D. CEO, Pres & Director 1965
Mr. Michael Willetts Chief Financial Officer 1965
Dr. Wayne Maddever B.A.Sc., M.A.Sc., P.Eng., Ph.D. COO & Director 1949
Dr. Charles Howie Honeyman Ph.D. CEO, President & Director 1965
Mr. Michael Willetts Chief Financial Officer 1964
Mr. Grant Thornley Vice President Engineering Solution-Sales NA
Mr. Philip Benson CEO & Chair of the Board 1968
Mr. Michael Robert Lambert C.A. Executive Vice President of Western Canada & Energy Platforms 1955
Mr. Philip Benson CEO & Independent Chair of the Board 1968

Disclaimer - (*)This information, including any data, is sourced from Unicorn Data Services SAS, trading as EOD Historical Data (“EODHD”) on an ‘as is’ basis, using their API. We cannot guarantee the completeness or validity of the information and data provided on this page, as well as via the API. In some cases, the data may include analyst ratings or recommendations sourced through the EODHD API, which are intended solely for general information purposes.
This information does not consider your personal objectives, financial situation, or needs. Kalkine is not liable for any errors or omissions in the information provided or for any actions taken in reliance on it. You should seek advice from a financial adviser, stockbroker or other professional adviser (including taxation and legal advice) as necessary before acting on this information.

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