Basin Water, Inc. (BWTR) - 500 Beiträge pro Seite

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Profile:Basin Water, Inc. engages in the design, building, and implementation of groundwater treatment systems in the United States. It offers a proprietary ion-exchange wellhead treatment system that reduces groundwater contaminant levels. The system could be used to treat a range of contaminants, including arsenic, nitrate, and perchlorate. The company markets its systems through direct sales representatives and third-party sales representatives, as well as through strategic relationships to utilities, cities, municipalities, special districts, real estate developers, and other organizations that supply water. Basin Water, Inc. was founded in 1999 and is based in Rancho Cucamonga, California.

http://www.basinwater.com/

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Why Is Water So Hot?

Excerpt from The Wall Street Transcript's 6/12/06 interview with Stanford Group analyst Francesca McCann:

TWST: Looking from the top down, what is it about the water space that is interesting at this point?

Ms. McCann: Water is hot-so hot, in fact, that it has been tough to find value in the sector. Our water index--an equal-weighted index that tracks 25 US and international water stocks--is up about 17% this year compared with pretty dismal performance for the broader indices. Our index is up around 35% from the beginning of 2005 and, if you look at it dating back to the beginning of 2001, it is up nearly 300%. So we have seen phenomenal gains, but again, that makes it hard to find value these days.

TWST: Why is water so hot?

Ms. McCann: The scarcity premium placed on water stocks is definitely a factor. If you look at overall market cap and the number of names in the sector, both are relatively limited. There are only a few true water pure plays. We are finally seeing a couple of IPOs in the sector, but for the most part, on the M&A front, we have seen several of our companies swallowed up over the last couple of years, mainly by the larger conglomerates: again ITT Industries (ITT), General Electric (GE) and Danaher (DHR), and also 3M (MMM) when it acquired CUNO last year.

In addition, we see an increase in awareness of water and wastewater treatment issues as well as supply and demand issues. Everyone pays more attention during a time of drought, when lead is leaching into the water in the nation's capital or when beaches are closed as a result of combined sewer and stormwater overflows. On the infrastructure side, we continue to see an increasing need for upgrades to aging infrastructure, both nationally and internationally and for drinking water and wastewater. [...]

TWST: Are we likely to see consolidation, as these demands grow?

Ms. McCann: Yes. We have had a fair amount of activity over the last year and a half, primarily on the treatment/services/equipment side, and we expect to see consolidation continue, though most of the target companies will be private names. For example, Watts Water Technologies (WTS) is continually seeking growth through acquisitions. Tetra Tech
(TTEK), which is more on the consulting and engineering side, is back in acquisition mode. They have been out of that for a little while. Also, many of the conglomerates that have a water division continue to sniff around for deals.

Of the publicly traded names, rumors do continue to swirl that Pall Corp (PLL) and Calgon Carbon (CCC) will be acquired at some point. On the flip side, we have had a couple of recent IPOs: Basin Water (BWTR) and Mueller Water Products (MWA). On the utilities side, we will see Aqua America (WTR) continue its 'tuck-in' acquisition strategy. We also could see some action from the California water utilities, California Water Service Group (CWT) and American States Water (AWR). They haven't been in acquisition mode for quite some time, largely due to an unfavorable regulatory environment. Now that we are seeing changes in that environment at the CPUC, we could see a little bit more action there. Again, the targets would likely be smaller, privately owned systems. In addition, we are seeing a couple of European companies spin their US operations back out into the public market. RWE plans to do an IPO of American Water Works in the coming year which will make the utilities sector more exciting.

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Basin Water: Emerging Player in Water Treatment
Posted on Sep 25th, 2006 with stocks: BWTR, SGR


Debra Fiakas, CFA submits:Environmentalists, geologists and meteorologists see water everywhere but many worry about where their next "tall, cool one" is coming from. What has the experts upset is the fact the global water usage increased by six times in the past 100 years and could double again by 2050. Water supplies on the other hand have remained the same.

There is also a growing concern over pollution of potable water sources. The United Nations reported three years ago that more than half of humanity will be living with water shortages, depleted fisheries and polluted coastlines within 50 years because of inadequate supplies and pollution.

What better place for investment than where a problem begs for a solution? We recently initiated coverage of Basin Water, Inc. (Nasdaq: BWTR). Basin Water is an emerging player in water treatment. Its proprietary ion exchange system is gaining traction among municipalities and other water system owners to remove harmful contaminants from groundwater. Basin Water is getting a boost in market penetration from a distribution agreement with Shaw Environmental, a division of Shaw Group (SGR: NYSE).

While much of the world's water shortage and water quality problems can be solved with more efficient irrigation, better toilets or pollution controls - i.e. reduce demand - there is still a need for water treatment - i.e. increase supply.

Another element of the investment thesis is the view that the water supply and treatment arena will be a particularly fertile ground for smaller companies like Basin Water. The water business is highly localized and therefore fragmented, making it possible for a smaller company to distinguish itself with a proprietary product and a focused marketing strategy. Of the thirty public companies in our index of water supply and pollution treatment, only eight are over the $1.0 billion market capitalization level.

Basin Water attracted our attention with its patented "Ion Exchange Water Treatment System" for deployment at the wellhead or at a centralized facility. The Company holds three patents covering the system and proprietary processes for arsenic and nitrate removal. Basin Water’s modular Ion Exchange Treatment System has been well received in the market through a strong value proposition that speeds installation, reduces operating costs and improves treatment outcomes.

We believe Basin Water is poised to generate significant revenue and earnings growth over the next four to five years. We have forecast EPS of $0.30 on $42.0 million in sales in 2007, compared to a basically breakeven year on $21.1 million in sales in 2006.

Disclosure: Neither the principal of Crystal Equity Research and Small Cap Copy nor any of associates own beneficial interest in BWTR.

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Basin Water to Report 2006 Third Quarter Financial Results and Host Conference Call on November 14, 2006
Wednesday November 8, 8:15 am ET


RANCHO CUCAMONGA, Calif.--(BUSINESS WIRE)--Basin Water Inc. (NASDAQ:BWTR - News) announced today that it will release its 2006 third quarter financial results on Tuesday, November 14, 2006. The company will host an investor conference call that same day at 1:30 p.m. Pacific time (4:30 p.m. Eastern time) to discuss financial results and operations.

The conference call will broadcast live over the Internet by Thomson Financial and can be accessed on Basin Water's Web site at www.basinwater.com. From the home page, click on the Investor Relations tab for the webcast link at least 15 minutes prior to the start of the call to register and download any necessary audio software. For those unable to participate in the live broadcast, the call will be archived and accessible on the company's Web site for a period of time.

The conference call is also being distributed through the Thomson StreetEvents. Individual investors can listen to the call at www.earnings.com. Institutional investors can access the call via www.streetevents.com.

About Basin Water Inc.

Basin Water Inc. designs, builds and implements systems for the treatment of contaminated groundwater. Basin Water has developed a proprietary, scalable ion-exchange wellhead treatment system that reduces groundwater contaminant levels in an efficient, flexible and cost-effective manner. Additional information may be found on the company's Web site at www.basinwater.com.



Contact:
Basin Water Inc.
Tom Tekulve, Chief Financial Officer, 909-481-6800
www.basinwater.com

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Source: Basin Water Inc.

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[scopus]

keiner dabei?????

[ustrading]

sehr interessanter Stock, arbeiten auf operativer Basis schon knapp am Break Even. Umsatzwachstum ist sensationell. Zudem steckt in dem Business, nicht zu letzt wg. Klimawandel eine Menge Potenzial ... denn wenn es weniger regnet muss man eben auf das Grundwasser zurückgreifen . .... und ab auf die Watchlist

[scopus]

bin auf die Quartalszahlen gespannt

[ustrading]

die Zahlen sind nicht so dolle ausgefallen ... kein Wachstum mehr im Vergleich zum VJ und der Gross profit bricht um 80% ein :O


Basin Water, Inc. Reports Third Quarter 2006 Results; Quarterly Revenues at $4.8 Million, Nine-Month Revenues Increase 75% from 2005 to $13.5 Million
Tuesday November 14, 8:15 am ET

RANCHO CUCAMONGA, Calif.--(BUSINESS WIRE)--Basin Water, Inc. (Nasdaq:BWTR - News) today reported financial results for the quarter and nine months ended September 30, 2006.

For the third quarter of 2006, revenues of $4.8 million were a slight improvement over the third quarter of 2005. Meanwhile, 2006 nine-month revenues increased by 75% to $13.5 million compared to $7.7 million for the first nine months of 2005. System sales revenues for the third quarter 2006 were $3.9 million compared to $4.2 million in the same period in 2005. The nine-month 2006 system sales revenue grew 81% over the same period of 2005. Operating contract revenues continue to increase compared to the prior year as a result of growth in placement of our groundwater treatment systems.

Gross profit decreased by $1.6 million during the third quarter of 2006 to $0.3 million compared to $1.9 million during the third quarter of 2005. This decrease was primarily due to higher than anticipated costs of $0.9 million on a single large system. This project is now substantially complete and we expect no further costs on the project. We also experienced lower than normal margins on two projects involving the construction of buildings for clients. Gross profit for the first nine months of 2006 was $2.8 million compared to $2.9 million for the same period in 2005.

Gross profit as a percentage of revenues was 6% for the third quarter and 21% for the nine months ended September 30, 2006 compared to gross profit of 41% and 37% for the comparable periods of 2005, respectively. The decrease in gross profit percentage in 2006 compared to 2005 is due to higher than anticipated costs in excess of $1.0 million on a single large system, coupled with low margins on two projects involving the construction of buildings. Excluding this large system sale project and the two projects involving the construction of buildings, our system sales gross profit as a percentage of system sales revenues would be in line with our typical margins. Our contract operations gross profit was impacted by higher volume-related contract operating costs and increased field service labor and engineering expense. Basin Water continues to expand its field service and engineering staff in anticipation of future volume growth.

During the third quarter of 2006, selling, general and administrative (SG&A) expense increased to $1.6 million compared to $0.8 million in the third quarter of 2005. SG&A expense was $4.0 million for the first nine months of 2006, compared to $1.9 million for the first nine months of 2005. As a percentage of revenues, SG&A expense was 32% of revenues for the third quarter of 2006 and 30% of revenues for the nine months ended September 30, 2006, compared to 17% of revenues in the third quarter of 2005 and 25% of revenues for the nine months ended September 30, 2005. The year-to-date increase in SG&A expense was primarily attributable to an increase of $1.0 million in personnel related costs associated with Basin Water's growth, an increase of $0.6 million in stock-based compensation expense in 2006 and an increase of $0.3 million in public company expense, primarily accounting fees and directors fees and expenses.

We reported a loss from operations of $1.5 million for the third quarter of 2006 compared to income from operations of $0.9 million in the third quarter of 2005, as well as a loss from operations of $1.7 million for the nine months ended September 30, 2006 compared to income from operations of $0.4 million for the same period in 2005.

In May 2006, Basin Water registered and sold 6.9 million shares of common stock in its initial public offering. After offering costs and expenses, the net proceeds were approximately $75.2 million. From the initial public offering proceeds, Basin Water repaid approximately $9.0 million of long-term debt. As a result, the remaining unamortized fair value of warrants of $1.5 million related to this debt and associated unamortized loan costs of $0.4 million were expensed as non-cash charges during the second quarter of 2006. These charges accounted for a significant portion of interest expense of $2.7 million for the nine months ended September 30, 2006.

Earnings before interest, taxes, depreciation and amortization (EBITDA) decreased to a negative $1.2 million during the first nine months of 2006, compared to EBITDA of $0.8 million in the first nine months of 2005. A complete reconciliation containing adjustments from GAAP net loss to EBITDA is included at the end of this release.

The Chief Executive Officer of Basin Water, Peter Jensen, commented, "While we are disappointed in the higher than anticipated costs we incurred on one of our large centralized plants, the Company has used this experience to its benefit in the future design of similar plants. We are encouraged with our continued growth in contracts with our customers, as the installed base of long-term contracts continues to increase at a rapid level. During the first nine months of 2006, we entered into several operating contracts in Southern California, as well as new operating contracts in Arizona and New Jersey."

Mr. Jensen added, "We would like to welcome our new President and Chief Operating Officer, Mike Stark, to our management team. In his role with Basin Water, he will be responsible for sales and marketing, production, engineering and field services. Mike brings a wealth of management experience in the water services industry to Basin Water, and we are already beginning to feel the impact of his experience and business acumen on our operations. We believe that Mike will make a tremendous contribution to the future growth and success of Basin Water over the coming years."

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shit

sch.... Zahlen

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Is Water the New Oil?
Posted on Nov 29th, 2006 with stocks: PHO


A just-released CIBC report makes the argument that water is the new oil. I have made the same case in various presentations lately -- the global water industry is larger and faster-growing than the global software biz -- so people won't be surprised to find that I think the CIBC report is good reading:

CIBC economist Benjamin Tal, author of the "Tapping into Water" report, estimates it will take "hundreds of billions of dollars" to fix dated water infrastructure in North America and Europe.

Federal governments are not rushing to fix the infrastructure and municipalities lack the means to do so." As a result, governments are now much more open to the notion of privatizing their water infrastructure which, in turn, is providing a substantial boost to the private water industry," Mr. Tal said.

... Mr. Tal sees parallels between today's water industry and the oil industry in its golden era, before and after the Second World War. "The market is paying attention," he said. "Capital investment, deregulation, consolidation, and privatization of global water assets and services are advancing at a pace not seen before."

In the last three years, U.S.-based water companies — as measured by the Bloomberg U.S. water index — have surged 150 per cent, three times the rise seen by companies on the S&P 500, while paying twice as much in dividends. International water players are doing even better, Mr. Tal said, with their stock values rising twice as fast as their American counterparts in the past year alone.

A few people have been asking via email how to invest around water, and while all applicable disclaimers apply, there are, of course, oodles of options. One that is worth a look, however, and that doesn't involve quite as much stock-picking, is PowerShares water resources (PHO) ETF, which has reasonable volume, a diversified set of holdings, and has delivered a low-teens return over the past twelve months, albeit with a 0.6% expense ratio.

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keiner investiert in BWTR?

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BWTR: To Present At NYSSA Water Industry Conference @ 16:30 ET

Thursday , December 07, 2006 14:32ET

Company representatives of Basin Water Inc (NasdaqNM: BWTR) will be presenting at the New York Society of Security Analysts Annual Water Industry Conference today. The Company's presentation is scheduled to begin at 16:30 ET.



Expected Speaker(s):

Peter L. Jensen, Chairman and CEO



Misc Releated Info:

** Original Confirmation

** Conference Information:

New York Society of Security Analysts Annual Water Industry Conference
Conference Dates: 12/07/2006-12/07/2006
NYSSA
New York, NY

http://www.nyssa.org/Template.cfm?Section=calendar&template=…

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BWTR: Merriman Starts @ Neutral; Analyst Notes

Friday , December 22, 2006 07:27ET

Issuer: Basin Water Inc (NasdaqNM: BWTR)

Analyst Firm: Merriman Curhan Ford & Co.

Ratings Action: INITIATE

Current Rating: Neutral




Analyst Comments: The firm estimates Basin Water should lose (19c) per share on revenues of $18.8M in FY06 and earn 15c on revenues of $29.2M in FY07. They believe Basin Water is preparing for profitable growth, but has a number of milestones to achieve including smoother revenue growth, a higher mix of sales versus rentals, and control over costs.

This rating information was reported by Merriman Curhan Ford & Co..

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langsam nach oben...

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Basin Water Selected to Reduce Arsenic Levels in Arizona Community
Thursday January 18, 2:57 pm ET
Treatment Technologies Will Ensure Federal Standards Are Met


RANCHO CUCAMONGA, Calif.--(BUSINESS WIRE)--The City of Cottonwood, Arizona, has selected Basin Water (Nasdaq:BWTR - News) for a minimum 5-year, $4.3-million contract to treat the community's water and meet federal water quality standards for arsenic. Basin Water will construct a network of systems to treat the growing community's 25 wells through 5 coagulation filtration (CF) and 15 ion-exchange (IX) units featuring a unique mobile regeneration capability.

"After reviewing multiple options, we chose Basin Water because they were the most responsive bidder and offered a guaranteed process with single-source responsibility," said City Manager Brian Mickelsen. "They are applying multiple technologies to our community's wells but are doing so under an agreement that uniformly guarantees service and operations."

The city must meet new EPA standards requiring arsenic levels to be 10 parts per billion or less.

The unanimous vote by Cottonwood City Council was based in part on a recommendation from the city's engineering consultant Coe and Van Loo. Mr. Ken Knickerbocker, Senior V.P., said, "We viewed the combination of IX and CF systems as the most effective treatment choices for reducing arsenic levels given the chemistry of Cottonwood's water supply."

"Basin Water holds a number of patents on the application of its technologies and, since 2002, we have been selected to provide treatment and service expertise on 57 systems nationwide," said Mike Stark, Basin Water's President and COO. "Obviously, we're very proud of this latest agreement and will bring Cottonwood residents a reliable, worry-free source of drinking water. We're engaging in a long-term partnership with the City of Cottonwood that guarantees a reliable source and quality of water. In addition, Basin Water is committed to provide services which ensure the efficient operation of the treatment units."

Stark said all 20 systems will be phased in throughout the year to meet the EPA's standards by year-end 2007.

About Basin Water

Basin Water, Inc. designs, builds and implements systems for the treatment of contaminated groundwater, providing reliable sources of drinking water for many communities. Basin Water has developed a proprietary, scalable-ion-exchange wellhead treatment system that reduces groundwater contamination levels in an efficient, flexible and cost effective manner. Additional information may be found on the company's web site: www.basinwater.com.

Forward-Looking Statements

This press release contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. These statements, including expectations relating to future revenues and income, the company's ability to gain new business and control costs, involve risks and uncertainties, as well as assumptions that, if they prove incorrect or never materialize, could cause the results of the company to differ materially from those expressed or implied by such forward-looking statements. Actual results may differ materially from these expectations due to various risks and uncertainties, including: the company's limited operating history, significant fluctuations in its revenues from period to period, its ability to effectively manage its growth, the success of the company's strategic partners, its long sales cycles, market acceptance of its technology, the geographic concentration of its operations and customers, its ability to meet customer demands and compete technologically, the company's ability to protect its intellectual property, regulatory approvals of the company's systems, changes in governmental regulation that may affect the water industry, particularly with respect to environmental laws and the company's ability to manage its capital to meet future liquidity needs. More detailed information about these risks and uncertainties are contained in the company's filings with the Securities and Exchange Commission, including the company's Form S-1 and Quarterly Reports filed on Form 10-Q. The company assumes no obligation to update these forward-looking statements to reflect any change in future events.



Contact:
Basin Water, Inc.
Peter L. Jensen
Chairman of the Board and CEO
909-481-6800
www.basinwater.com

--------------------------------------------------------------------------------
Source: Basin Water, Inc.

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Can a Congressional Democratic Majority Solve Global Warming? Probably Not
Posted on Jan 29th, 2007 with stocks: BWTR, ECOL, FTEK

Debra Fiakas, CFA submits: Some have viewed the inability of Congress to produce any meaningful legislation in recent terms as a consequence of the scant majority Republicans held in either the House or the Senate. Yet there is widespread optimism that with Democrats taking over this term, that there will be reforms galore along several fronts from health care to energy to corporate reporting. The fact that the Democrat majority is even weaker than that previously held by the Republicans appears to have eluded some.

In the Senate, the majority is resting on the shoulders of a man currently in physical and speech therapy. I hope the Democrats are not counting on Senator Johnson for any filibuster tactics!

Legislative Lay-up

This new-found confidence in Congress can be seen running through our coverage universe. For example, after a couple of earnings surprises, Fuel-Tech, Inc. (FTEK) has become something of a Wall Street darling in recent months. Fuel Tech develops and sells air pollution abatement systems for combustion boilers, which are popular with coal-fired power plants in particular. Earnings surprises in the last few quarters and a busy road-show schedule for Fuel Tech’s management have been key drivers for the stock price.

Nonetheless, part of what may be encouraging investors is the change in leadership on Capital Hill that is expected to favor environmental protection. Senator Barbara Boxer takes over the Senate Environmental Committee in what many expect to be a sea-change for environmental policy coming out of Washington. She replaces Jim Inhofe, a Republican senator from Oklahoma, who has been an outspoken skeptic of global warming theories. Boxer, on the other hand, has made climate change a top priority. That topic alone could keep the Committee busy for the entire term.

Companies like Fuel-Tech are expected to flourish if legislation puts more pressure on air polluting power plants to reduce emissions. Power plants are a significant source of air pollution and would seem a likely target for politicians looking to make changes. Coal-fired power plants are responsible for nearly 60% of the sulfur dioxide, 18% of nitrous oxides and about 50% of the particle pollution in the U.S. skies. In addition, coal-fired power plants are the largest polluter of toxic mercury. The oldest plants are the dirtiest because they were grandfathered into the Clean Air Act passed in the late 1970s and have not had to meet pollution control standards. The thinking at the time was that these plants would be taken off line and therefore would never be a problem. Yet today most power plants are 30 to 50 years old and these are as much as ten times dirtier than the new plants.

Even if the new Congress, highly populated with environmentally conscientious Democrats, were to pass new legislation that would require these old plants to clean up, it is far from a given that this will lead to a dramatic increase in demand for air pollution abatement solutions. The economics of pollution abatement could probably drive the last nail in the coffin of these plants and they might finally be taken off line rather than outfitted with solutions like Fuel-Tech’s NOxOUT product as an example. Accordingly, we are maintaining a cautious view on Congressional action as a growth driver.

In the meantime, Fuel-Tech is finding plenty of low hanging fruit in the U.S. even without new Congressional action. The need to clean up the air for the fast-approaching Summer 2008 Olympics also has China’s power plants clamoring for Fuel-Tech’s NOxOUT Ultra solution. Senator Boxer has also promised increased money for the Superfund program, a move which should accelerate and expand projects for hazardous waste cleanup, as well as action on standards for perchlorate contamination in drinking water.

While developments along these lines could benefit other names in our coverage universe - American Ecology, Inc. (ECOL) provides hazardous waste disposal services and Basin Water, Inc. (BWTR) providers ground water treatment systems - we recognize it is a matter of timing when these company’s could see a meaningful increase in their top-lines.

Political Gains

The unanswered question is whether an enthusiastic majority on both sides of Capital Hill is enough to make up for the fact that a member of the minority party is sitting in the Oval Office. In my view, the real test for this Congress is yet to come. Congress has demonstrated little leadership strength in recent years. Democrats need to demonstrate their ability to craft and pass legislation that will get signed by the Republican president. Otherwise, it is just politics as usual. Accordingly, we believe it is a b,it too early to call a “legislative lay-up” for our coverage universe.

The changes in leadership on Capital Hill have dominated the press and media in the last three months. Unlike many on Wall Street, I am a bit skeptical of what the Democrats are capable of accomplishing. We are taking a cautious approach with regard to the impact Congressional action could have on the fortunes of companies in our coverage universe. Part of our caution comes from a rather jaundiced view on Congress in general, regardless of which party is in control of the votes. Capital Hill appears rife with partisanship and nest-lining at the expense of real reforms that benefit citizens. It is also a bit perplexing how the Democrat Majority is more likely to make things happen now than when the Republicans held the most seats. Republicans got nothing done after six years with control of both legislative branches complemented by a man of their own party in the Oval Office.

Such a state of political harmony is theoretically the most conducive to substantive action. (The war in Iraq does not qualify as an example of Congressional action as Democrats and Republicans alike were more or less bullied by Bush’s hegemony.) In my view, this whole idea of Congressional control is overrated as a portent force in…well, just about anything and especially stock returns.

This runs against popular thinking, which holds that equity market performance is better when the presidency, the House and Senate are not controlled by the same party. The logic is that when less legislation gets passed and signed into law, business benefits. An article entitled “Gridlock’s Gone, Now What?” appearing in the September 2006 issue of the Financial Analysts Journal describes the work of two professors, Scott Beyer of the University of Wisconsin Oshkosh and Gerald Jensen of Northern Illinois University, and Robert Johnson of the CFA Institute. Their article was written before the November 2006 elections, but the work provides valuable insight into Congressional politics, economic conditions and the stock market. After examining long-term security returns relative to shifts in the political landscape over the fifty years between 1954 and 2004, the trio found that the popular view “gridlock is good” for equity securities is largely a myth.

During the fifty years in the study, equity returns, especially to small caps, tended to be higher and less volatile during periods of political harmony. This suggests that Wall Street should be concerned, not encouraged, with the Democrats taking over while a Republican is still ensconced in the White House. Worse yet, for those focused on small-caps, small-cap returns tend to lag large-caps during periods when party control of the House, Senate and Oval Office were mixed.

Disclosure: Author has no position in the above-mentioned stocks.

[stockyuppi]

Könnte nun der Boden gefunden sein?

[ustrading]

es geht ganz schön bergab mit der Firma :O

Basin Water, Inc. Reports First Quarter 2007 Results; Quarterly Revenues at $1.6 Million, Net Loss of $2.2 Million; Announces Stock Repurchase Program
Monday May 14, 8:30 am ET

RANCHO CUCAMONGA, Calif.--(BUSINESS WIRE)--Basin Water, Inc. (Nasdaq:BWTR - News) today reported financial results for the quarter ended March 31, 2007.

For the first quarter of 2007, revenues of $1.6 million decreased $2.1 million when compared to revenues of $3.7 million in the first quarter of 2006, a 57% decrease. System sales revenues were $0.9 million for the first quarter of 2007, compared to $3.1 million in the same period in 2006. As previously announced, Basin Water is transitioning our internal business processes and building the organization for growth and profitability. The decrease in revenue this quarter was due to both the timing of the financing of several projects being delayed into the second quarter of 2007 as well as the inward focus of the organization on establishing the proper business processes. Operating contract revenues for the first quarter of 2007 were $0.7 million, an increase of $0.1 million over the first quarter of 2006.

Gross profit decreased by $1.4 million during the first quarter of 2007 to a $0.3 million gross loss compared to a $1.1 million gross profit during the first quarter of 2006. The decrease was primarily due to the timing of the financing on projects delayed into the second quarter of 2007 and the resulting level of field service labor and engineering overhead costs incurred in the first quarter with lower offsetting revenues. Additionally, the loss included a $0.3 million reserve for costs associated with the final completion of a multi-year project.

During the first quarter of 2007, selling, general and administrative (SG&A) expense increased to $2.3 million compared to $1.1 million in the first quarter of 2006. The increase in SG&A expense was primarily attributable to an increase of $0.5 million in public company expense, accounting fees and directors fees, an increase of $0.4 million in personnel related costs associated with Basin Water's growth, and an increase of $0.2 million in stock-based compensation expense in 2007, among other expenses.

We reported interest income of $0.7 million in the first quarter of 2007 compared to $0.1 million of interest income in the first quarter of 2006.

For the first quarter of 2007 we reported a net loss of $2.2 million compared to a net loss of $0.4 million in the first quarter of 2006.

As of March 31, 2007, we had a cash balance of $51.2 million and other current assets of $13.4 million for total current assets of $64.6 million and current liabilities of $6.8 million, reflecting a strong balance sheet.

[50bager]

@ustrading
ganz meiner meinung!

bei kursen um die 3-4 $ würd ich kaufen.

[50bager]

dumm gelaufen...wollte unter 6$ kaufen

[ustrading]

ist schon erstaunlich wie sich die Aktie trotz der miesen Fundamentals wieder gefangen hat ... und heute gab es gleich noch mal einen fetten Aufschlag

Basin Water to Provide Groundwater Nitrate Removal Treatment System for Pomona, California
http://biz.yahoo.com/bw/070718/20070718005607.html?.v=1

[50bager]

wiedermal besch..... zahlen...

Basin Water, Inc. Reports Third Quarter 2007 Results; Quarterly Revenues Increase 10% to $5.3 Million Over Prior Quarter, Takes Reserve
Wednesday November 14, 8:30 am ET


RANCHO CUCAMONGA, Calif.--(BUSINESS WIRE)--Basin Water, Inc. (Nasdaq:BWTR - News) today reported financial results for the quarter ended September 30, 2007.
ADVERTISEMENT


For the third quarter of 2007, revenues of $5.3 million increased $0.5 million when compared to revenues of $4.8 million in the third quarter of 2006, a 10% increase. System sales revenues were $3.8 million for the third quarter of 2007, compared to $3.9 million in the same period in 2006. Operating contract revenues for the third quarter of 2007 were $1.6 million, an increase of $0.7 million, or 77%, over the third quarter of 2006.

While operating contract revenues increased due to newer systems coming online, many of these systems were under older, legacy contracts with inadequate contract terms and conditions, and priced many years before the Company’s recently installed business systems and practices could be applied. As these legacy projects began operating, especially during the hotter summer months, it became apparent to the Company that most of these projects would be operating at a loss for some period of time. As a consequence, during the third quarter, the Company recorded a $4.7 million charge to cost of revenues to reserve for future projected losses. This reserve was due primarily to poorly priced contracts, increasing waste disposal and salt purchase costs and the inability to contractually pass increased costs on to our clients.

This charge to cost of revenues is in addition to the reserve previously recorded in the fourth quarter of 2006. The prior reserve was recorded with the best information available to the company at that time, and with only a few months of operating data available. The Company has significantly improved its accounting systems during late 2006 and during the first half of 2007 including the complete conversion of our systems to a new general ledger and management reporting system. Based on the new operating history, especially during the third quarter, it became apparent that the original reserve was not adequate. The Company reviewed each contract’s financial performance and identified the future expected losses for all contracts, resulting in this adjusted reserve balance.

During the first half of 2007, management put in place internal business processes to assure that new prospective contracts are properly priced and appropriate price adjustments were provided for in relation to increases in the cost of providing services. Management believes that contracts subsequent to the development of these business practices are and will provide gross margins inline with expectation, and with the necessary contract language to assure that increasing costs not in the control of the Company can be appropriately billed to our customers. As a result of these reserves, the Company believes the future gross margins on the older contracts should have minimal adverse impact on the company’s financial results going forward, and as newer, properly priced contracts come online, we expect the contract revenue gross margins will rise accordingly.

Additionally, we recorded a reserve of $0.7 million to cost of revenues in the third quarter for three large, older projects due to delays, contractual issues and unexpected problems specific to these systems. However, excluding the effect of these three large systems, our gross margin for standard systems of 17% for the third quarter is beginning to reflect the impact of newer, properly priced systems and the Company believes that margins for system sales will continue to approach targeted levels.

In anticipation of the strategic alliance with Rohm and Haas, concurrently announced this morning, we have necessarily begun developing the infrastructure to ensure projected revenue growth. The planned infusion of technical capabilities and market support from Rohm and Haas is expected to shorten the time frame for the company’s planned geographic expansion and resulted in increased selling, general and administrative expenses compared to the prior year quarter. Selling, general and administrative expenses have increased primarily due to increases in staffing and compensation related expenses, including both salary/wages and stock-based compensation expenses. These infrastructure costs are expected to provide the Company leverage for growth into five municipal regions across the country and one nationally focused industrial region. Other increases in selling, general and administrative expenses include additional public company expense of $0.4 million compared to the prior year quarter, especially as it relates to the expensing of options and to Sarbanes-Oxley compliance costs. Additionally, this quarter the Company has increased its bad debt reserves by $0.6 million, a one-time increase in selling, general and administrative expenses.

Other income was slightly higher for the third quarter 2007, due to a former lender who agreed to remove a $0.1 million prepayment penalty the Company accrued in the prior year for certain repaid debt.

On September 14, 2007, the Company completed the acquisition of Mobile Process Technology Co., a provider of technology and services to the municipal water treatment and industrial process markets. This acquisition provides additional capabilities including expanded municipal technological solutions, geographic presence, an entry into the industrial market and an expanded customer base. This acquisition contributed $0.1 million in revenues for the two weeks subsequent to the acquisition during the third quarter 2007.

The foregoing increased costs and reserves accounted for the $9.9 million loss reported for the third quarter.

Nine Month Results

For the nine months ended September 30, 2007 compared with September 30, 2006, revenues were $13.4 million compared to $13.5 million, loss from operations was $15.9 million versus $1.7 million and net loss was $13.8 million compared to $3.1 million.

As of September 30, 2007, the Company had a cash balance of $38.7 million and other current assets of $15.5 million, for total current assets of $54.2 million and current liabilities of $9.6 million, resulting in net working capital of $44.6 million.

Transition Discussion

Mike Stark, President and Chief Operating Officer of Basin Water, commented, "Last quarter I confidently reported that we had essentially completed our transition efforts on establishing internal business processes and building the organization to effectively prepare for our intended growth and profitability. I continue to hold to that confidence. In 2007 we developed the ability to gather and report financial data at the project and departmental levels. In 2008 we plan to use this management information to effectively control and predict our performance. The completion of these tasks has been extremely important for the company and ultimately for shareholder value.

We believe that the identification and recording of the reserves discussed above reflects the last remnants of our previous problems related to the Company’s capability to properly price and establish appropriate contracting provisions. The reserves will set aside the past problems, and allow the future opportunities and growth to be properly reflected in the Company’s financials.

With the transition efforts completed and in place, our financial house is in order, and with the added capabilities and technical support provided by our newly announced relationship with Rohm and Haas, we are poised to complete the transition of this start-up company into a company capable of strong revenue growth with predictable profitability; ready to take advantage of the immense market in which we reside."

Conference Call

The company will provide more detail regarding its third quarter results in a conference call and web cast to be held today, November 14, 2007 at 4:30 p.m. Eastern time (1:30 p.m. Pacific). The conference call can be accessed on the company's website at www.basinwater.com. For those unable to participate in the live web cast, a replay will be available shortly after the call on the company's website.

About Basin Water, Inc.

Basin Water, Inc. is a provider of reliable, long-term process solutions for a range of clients, which includes designing, building and implementing systems for the treatment of contaminated groundwater as well as waste reduction and resource recovery. Basin Water employs treatment technologies including its own proprietary, scalable ion-exchange wellhead treatment system, along with a host of other treatment technologies designed to meet customer needs in an efficient, flexible and cost effective manner. Additional information may be found on the company's web site: www.basinwater.com.

FINANCIAL HIGHLIGHTS - BASIN WATER, INC.
Condensed Statement of Operations
(unaudited and in thousands, except per share amounts)


Three Months Ended Nine Months Ended
September 30, September 30,
2007 2006 2007 2006

Revenues:
Large system sales $ 141 $ 1,492 $ 1,964 $ 2,953
Standard system sales 3,632 2,444 7,937 8,241
Contract operations 1,573 910 3,466 2,318
Total Revenues 5,346 4,846 13,367 13,512
Cost of revenues
Large system sales 1,935 1,712 4,454 3,398
Standard system sales 3,020 1,639 6,798 4,442
Contract operations and depreciation 2,515 1,186 4,913 2,867
Reserve for contract operations 4,655 - 4,243 -
Total Cost of Revenues 12,125 4,537 20,408 10,707

Gross profit (loss) (6,779 ) 309 (7,041 ) 2,805

Research and development expense 152 284 398 506
Selling, general and administrative expense 3,720 1,563 8,485 4,010
Loss from operations (10,651 ) (1,538 ) (15,924 ) (1,711 )
Other income (expense) 783 757 2,110 (1,431 )
Loss before taxes (9,868 ) (781 ) (13,814 ) (3,142 )
Income tax benefit - - - -
Net loss $ (9,868 ) $ (781 ) $ (13,814 ) $ (3,142 )

Net loss per share:
Basic $ (0.50 ) $ (0.04 ) $ (0.70 ) $ (0.21 )
Diluted $ (0.50 ) $ (0.04 ) $ (0.70 ) $ (0.21 )
FINANCIAL HIGHLIGHTS - BASIN WATER, INC.
Condensed Balance Sheets
(in thousands)


September 30, December 31,
2007 2006
(Unaudited)
ASSETS:
Cash and cash equivalents $ 38,707 $ 54,567
Other current assets 15,456 12,887
Total current assets 54,163 67,454

Property, plant and equipment, net 12,497 12,227
Other assets 25,039 10,371
TOTAL ASSETS $ 91,699 $ 90,052

LIABILITIES AND STOCKHOLDERS' EQUITY:
Accounts payable $ 3,711 $ 1,562
Other current liabilities 5,865 5,930
Total current liabilities 9,576 7,492

Long-term liabilities 6,442 2,825
Stockholders' equity 75,681 79,735
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY $ 91,699 $ 90,052


This press release contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. These statements, including expectations relating to future revenues and income, the company's ability to gain new business and control costs, involve risks and uncertainties, as well as assumptions that, if they prove incorrect or never materialize, could cause the results of the company to differ materially from those expressed or implied by such forward-looking statements. Actual results may differ materially from these expectations due to various risks and uncertainties, including: the company's limited operating history, significant operating losses and cost overruns associated with certain of the company's contracts and projects, the company's ability to identify and consummate acquisition opportunities that improve the company's revenues and profitability, significant fluctuations in its revenues from period to period, its ability to effectively manage its growth, the success of the company's strategic partners, its long sales cycles, market acceptance of its technology, the geographic concentration of its operations and customers, its ability to meet customer demands and compete technologically, the company's ability to protect its intellectual property, regulatory approvals of the company's systems, changes in governmental regulation that may affect the water industry, particularly with respect to environmental laws, the company's ability to attract and retain qualified personnel and management members and the company's ability to manage its capital to meet future liquidity needs and the timing of the company's stock repurchases, if any. More detailed information about these risks and uncertainties are contained in the company's filings with the Securities and Exchange Commission, including the company's Annual Report on Form 10-K for the year ended December 31, 2006 and subsequent Quarterly Reports on Form 10Q. The company assumes no obligation to update these forward-looking statements to reflect any change in future events.



Contact:
Basin Water, Inc.
Tom Tekulve, Chief Financial Officer
909-481-6800
www.basinwater.com

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Source: Basin Water, Inc.