Global Water Resources Q4 net income $0.3M vs loss; revenue $10.3M (+5.7%); connections up 10.2%

Global Water Resources, Inc.

Q4 2021 revenue $10.3M (+5.7%); net income $0.3M ($0.02 EPS) vs net loss of $0.3M (-$0.01) in Q4 2020.
Full year 2021 revenue $41.9M (+8.5%); net income $3.6M ($0.16 EPS) vs $1.1M ($0.05) in 2020.
Active connections 53,882 (+10.2%); acquired Las Quintas Serenas (1,100+ connections) in Q4; two tuck-in acquisitions closed in Jan 2022.
Dividend raised to $0.29496 annualized; declared $0.02458 monthly dividend. Adjusted EBITDA Q4 $4.7M (+30.9%); FY $18.7M (+4.0%).

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