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Earnings

Forward Water Technologies Announces Financial Results for the Three-Month and Six-Month Ended September 30, 2025

By The Northwire Desk — AI Analysis Nov 28, 2025 · 18:30 FWTC · 0.045 Forward Water Technologies Corp.
FWTC · Price

Executive Summary

  • Forward Water Technologies Corp. filed its condensed consolidated audited financial statements and MD&A for the three‑month and six‑month periods ended September 30, 2025.
  • The company reported a net loss of $482,354 for Q3 2025 and $929,885 for the first half of 2025, with cash on hand of $68,312 at period end.
  • Recent corporate developments include a non‑brokered offering of $1.025 million of debenture units (closed October 29, 2025) and two technology‑evaluation contracts—one with a Fortune 500 European firm (July 23, 2025) and another with a global food & beverage manufacturer (November 18, 2025).

Key Details

  • Financial Highlights – Three Months Ended September 30, 2025
  • Revenue: $0
  • Net loss: $(482,354)
  • Loss per share: $(0.010)

  • Cash at end of period: N/A (not disclosed for quarter)

  • Financial Highlights – Six Months Ended September 30, 2025

  • Revenue: $4,692
  • Net loss: $(929,885)
  • Loss per share: $(0.019)
  • Total assets: $2,906,329

  • Cash at end of period: $68,312

  • Financing Activity – Non‑brokered offering closed October 29, 2025:

  • Amount raised: $1,025,000 via debenture units (details of unit structure, price, and warrant terms not disclosed in release).

  • Contractual Agreements

  • July 23, 2025: Signed contract for a technology evaluation project with a Fortune 500 European company.

  • November 18, 2025: Signed contract for a technology evaluation project with a globally positioned food & beverage product manufacturer to assess FWTC’s treatment technology for concentrating liquid streams.

  • Management Commentary – CEO Howie Honeyman highlighted growing interest from major companies in both direct lithium extraction (DLE) and the food & beverage sector, emphasizing momentum for broader sector adoption.

Notable Quotes

“Establishing a solid foothold with one opportunity builds confidence to engage with others. FWTC will capitalize on that momentum to drive greater sector adoption in the coming months.” – Howie Honeyman, CEO

“We continue to see strong demand for our expertise in direct lithium extraction (DLE), along with growing interest from the food and beverage sector.” – Howie Honeyman, CEO

Read the original news release →

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M&A / Property