H2O Innovation Inc
XTSX:HEO
Income Statement
Earnings Waterfall
H2O Innovation Inc
Revenue
|
224.7m
CAD
|
Cost of Revenue
|
-162.8m
CAD
|
Gross Profit
|
62m
CAD
|
Operating Expenses
|
-52.8m
CAD
|
Operating Income
|
9.2m
CAD
|
Other Expenses
|
-4.7m
CAD
|
Net Income
|
4.5m
CAD
|
Income Statement
H2O Innovation Inc
Mar-2012 | Jun-2012 | Sep-2012 | Dec-2012 | Mar-2013 | Jun-2013 | Sep-2013 | Dec-2013 | Mar-2014 | Jun-2014 | Sep-2014 | Dec-2014 | Mar-2015 | Jun-2015 | Sep-2015 | Dec-2015 | Mar-2016 | Jun-2016 | Sep-2016 | Dec-2016 | Mar-2017 | Jun-2017 | Sep-2017 | Dec-2017 | Mar-2018 | Jun-2018 | Sep-2018 | Dec-2018 | Mar-2019 | Jun-2019 | Sep-2019 | Dec-2019 | Mar-2020 | Jun-2020 | Sep-2020 | Dec-2020 | Mar-2021 | Jun-2021 | Sep-2021 | Dec-2021 | ||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Revenue | |||||||||||||||||||||||||||||||||||||||||
Revenue |
32
N/A
|
36
+12%
|
39
+8%
|
41
+6%
|
41
-1%
|
36
-12%
|
34
-5%
|
34
-2%
|
34
0%
|
35
+3%
|
38
+8%
|
43
+13%
|
45
+5%
|
49
+8%
|
50
+2%
|
49
-1%
|
51
+4%
|
51
-1%
|
56
+10%
|
63
+12%
|
70
+11%
|
83
+19%
|
88
+6%
|
94
+7%
|
99
+6%
|
100
+1%
|
101
+2%
|
105
+4%
|
111
+5%
|
118
+7%
|
122
+3%
|
126
+3%
|
130
+3%
|
134
+3%
|
140
+5%
|
142
+1%
|
215
+51%
|
214
0%
|
218
+2%
|
225
+3%
|
|
Gross Profit | |||||||||||||||||||||||||||||||||||||||||
Cost of Revenue |
(24)
|
(28)
|
(30)
|
(31)
|
(32)
|
(27)
|
(26)
|
(25)
|
(25)
|
(26)
|
(28)
|
(32)
|
(33)
|
(35)
|
(36)
|
(35)
|
(36)
|
(35)
|
(39)
|
(45)
|
(52)
|
(64)
|
(69)
|
(73)
|
(78)
|
(78)
|
(78)
|
(82)
|
(86)
|
(92)
|
(96)
|
(98)
|
(100)
|
(100)
|
(103)
|
(103)
|
(156)
|
(155)
|
(157)
|
(163)
|
|
Gross Profit |
8
N/A
|
8
+4%
|
9
+9%
|
10
+8%
|
9
-3%
|
9
-6%
|
9
-4%
|
9
0%
|
9
+3%
|
9
+5%
|
10
+10%
|
11
+8%
|
12
+11%
|
14
+11%
|
14
+1%
|
15
+7%
|
15
+4%
|
16
+1%
|
17
+7%
|
17
+4%
|
18
+3%
|
19
+7%
|
19
+1%
|
21
+7%
|
21
+4%
|
22
+3%
|
23
+5%
|
23
-2%
|
24
+6%
|
26
+6%
|
26
+1%
|
28
+6%
|
30
+8%
|
33
+12%
|
37
+11%
|
39
+5%
|
59
+53%
|
59
-1%
|
60
+2%
|
62
+3%
|
|
Operating Income | |||||||||||||||||||||||||||||||||||||||||
Operating Expenses |
(9)
|
(10)
|
(10)
|
(10)
|
(10)
|
(8)
|
(9)
|
(9)
|
(10)
|
(10)
|
(10)
|
(11)
|
(11)
|
(12)
|
(12)
|
(13)
|
(13)
|
(14)
|
(16)
|
(18)
|
(20)
|
(23)
|
(24)
|
(24)
|
(24)
|
(23)
|
(23)
|
(22)
|
(23)
|
(25)
|
(25)
|
(26)
|
(28)
|
(29)
|
(31)
|
(32)
|
(48)
|
(49)
|
(51)
|
(53)
|
|
Selling, General & Administrative |
(8)
|
(8)
|
(8)
|
(8)
|
(8)
|
(7)
|
(7)
|
(8)
|
(8)
|
(8)
|
(8)
|
(8)
|
(9)
|
(9)
|
(10)
|
(10)
|
(11)
|
(11)
|
(12)
|
(13)
|
(14)
|
(16)
|
(16)
|
(16)
|
(16)
|
(15)
|
(15)
|
(14)
|
(14)
|
(15)
|
(15)
|
(16)
|
(17)
|
(17)
|
(20)
|
(22)
|
(35)
|
(38)
|
(38)
|
(40)
|
|
Research & Development |
0
|
0
|
0
|
0
|
0
|
0
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
|
Depreciation & Amortization |
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(2)
|
(2)
|
(2)
|
(3)
|
(4)
|
(5)
|
(5)
|
(5)
|
(4)
|
(4)
|
(4)
|
(4)
|
(4)
|
(4)
|
(4)
|
(4)
|
(4)
|
(5)
|
(6)
|
(7)
|
(11)
|
(11)
|
(11)
|
(11)
|
|
Other Operating Expenses |
0
|
(1)
|
(1)
|
(1)
|
(2)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(2)
|
(2)
|
(2)
|
(2)
|
(3)
|
(3)
|
(4)
|
(4)
|
(4)
|
(4)
|
(5)
|
(6)
|
(6)
|
(7)
|
(7)
|
(7)
|
(5)
|
(3)
|
(2)
|
(0)
|
(1)
|
(1)
|
|
Operating Income |
(1)
N/A
|
(2)
-157%
|
(1)
+44%
|
0
N/A
|
(1)
N/A
|
0
N/A
|
(0)
N/A
|
(1)
-591%
|
(1)
-41%
|
(1)
-9%
|
(0)
+71%
|
0
N/A
|
1
+155%
|
2
+74%
|
2
-10%
|
2
+11%
|
2
+9%
|
1
-43%
|
0
-57%
|
(1)
N/A
|
(3)
-355%
|
(4)
-50%
|
(4)
-18%
|
(4)
+20%
|
(2)
+32%
|
(1)
+77%
|
1
N/A
|
0
-36%
|
1
+256%
|
1
-4%
|
1
-24%
|
1
+31%
|
2
+79%
|
5
+131%
|
6
+32%
|
7
+19%
|
11
+49%
|
10
-10%
|
10
-3%
|
9
-4%
|
|
Pre-Tax Income | |||||||||||||||||||||||||||||||||||||||||
Interest Income Expense |
(1)
|
(0)
|
(1)
|
(0)
|
(0)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(2)
|
(2)
|
(2)
|
(2)
|
(2)
|
(1)
|
(0)
|
0
|
(1)
|
(2)
|
(5)
|
(5)
|
(5)
|
(4)
|
|
Non-Reccuring Items |
(9)
|
(9)
|
(9)
|
(8)
|
0
|
0
|
0
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
0
|
0
|
0
|
0
|
0
|
(0)
|
(1)
|
(1)
|
(1)
|
(0)
|
0
|
0
|
(0)
|
(0)
|
(1)
|
(1)
|
(1)
|
(1)
|
(2)
|
(7)
|
(8)
|
(7)
|
(6)
|
0
|
1
|
1
|
1
|
|
Gain/Loss on Disposition of Assets |
0
|
0
|
0
|
0
|
0
|
(0)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
|
Total Other Income |
(1)
|
0
|
0
|
0
|
1
|
0
|
0
|
0
|
0
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
0
|
0
|
0
|
(0)
|
0
|
0
|
0
|
0
|
(0)
|
0
|
0
|
0
|
(0)
|
(1)
|
(1)
|
(2)
|
0
|
0
|
0
|
0
|
0
|
0
|
|
Pre-Tax Income |
(10)
N/A
|
(11)
-7%
|
(10)
+5%
|
(8)
+17%
|
(0)
+95%
|
0
N/A
|
(1)
N/A
|
(1)
-192%
|
(2)
-23%
|
(2)
+2%
|
(1)
+45%
|
(0)
+63%
|
0
N/A
|
1
+678%
|
1
-20%
|
1
+5%
|
1
+108%
|
1
-32%
|
(1)
N/A
|
(2)
-203%
|
(4)
-117%
|
(6)
-31%
|
(6)
+0%
|
(5)
+18%
|
(3)
+29%
|
(2)
+31%
|
(1)
+35%
|
(2)
-66%
|
(2)
+19%
|
(2)
+13%
|
(2)
-36%
|
(2)
-3%
|
(7)
-165%
|
(5)
+30%
|
(3)
+38%
|
(1)
+61%
|
6
N/A
|
6
-7%
|
6
+1%
|
6
+6%
|
|
Net Income | |||||||||||||||||||||||||||||||||||||||||
Tax Provision |
1
|
3
|
2
|
2
|
2
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(0)
|
(1)
|
(0)
|
(1)
|
(1)
|
(0)
|
(0)
|
0
|
1
|
0
|
(1)
|
(1)
|
(1)
|
(1)
|
(0)
|
(0)
|
(0)
|
(1)
|
(0)
|
0
|
0
|
1
|
0
|
(1)
|
(2)
|
(2)
|
(2)
|
|
Income from Continuing Operations |
(9)
|
(8)
|
(8)
|
(6)
|
2
|
0
|
(0)
|
(1)
|
(2)
|
(1)
|
(1)
|
(0)
|
0
|
0
|
0
|
0
|
1
|
0
|
(1)
|
(2)
|
(4)
|
(5)
|
(5)
|
(6)
|
(4)
|
(3)
|
(3)
|
(3)
|
(2)
|
(2)
|
(3)
|
(3)
|
(6)
|
(4)
|
(2)
|
(1)
|
5
|
4
|
4
|
4
|
|
Net Income (Common) |
(9)
N/A
|
(8)
+11%
|
(8)
+4%
|
(6)
+22%
|
2
N/A
|
0
-82%
|
(0)
N/A
|
(1)
-236%
|
(2)
-22%
|
(1)
+15%
|
(1)
+51%
|
(0)
+87%
|
0
N/A
|
0
-4%
|
0
-85%
|
0
+125%
|
1
+556%
|
0
-73%
|
(1)
N/A
|
(2)
-150%
|
(4)
-95%
|
(5)
-25%
|
(5)
-3%
|
(6)
-5%
|
(4)
+24%
|
(3)
+17%
|
(3)
+22%
|
(3)
+5%
|
(2)
+21%
|
(2)
-8%
|
(3)
-33%
|
(3)
+10%
|
(6)
-140%
|
(4)
+32%
|
(2)
+48%
|
(1)
+53%
|
5
N/A
|
4
-19%
|
4
-8%
|
4
+12%
|
|
EPS (Diluted) |
-0.75
N/A
|
-0.67
+11%
|
-0.64
+4%
|
-0.5
+22%
|
0.14
N/A
|
0.03
-79%
|
-0.03
N/A
|
-0.09
-200%
|
-0.08
+11%
|
-0.07
+13%
|
-0.03
+57%
|
0
N/A
|
0.01
N/A
|
0.01
N/A
|
0
N/A
|
0
N/A
|
0.03
N/A
|
0.01
-67%
|
-0.02
N/A
|
-0.1
-400%
|
-0.1
N/A
|
-0.1
N/A
|
-0.13
-30%
|
-0.14
-8%
|
-0.1
+29%
|
-0.09
+10%
|
-0.06
+33%
|
-0.06
N/A
|
-0.04
+33%
|
-0.04
N/A
|
-0.05
-25%
|
-0.04
+20%
|
-0.08
-100%
|
-0.05
+38%
|
-0.03
+40%
|
-0.01
+67%
|
0.06
N/A
|
0.05
-17%
|
0.04
-20%
|
0.05
+25%
|