Cadiz updates ATEC acquisition: FY2024 revenue expected >$12M, positive operating income

CADIZ INC

ATEC segment revenues expected ~$1.4M in FY2023, >$12M in FY2024 with $3-4M positive operating income.
Awarded contract to supply wellhead filters for Central Utah Water Conservancy District; deliveries start Q1 2024.
Installed arsenic filtration systems at tribal wells near Salton Sea, achieving drinking water compliance.
Entered service contract with Goble Sampson for marketing ATEC filtration products in 10 western states.

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