Aquaporin reports 95% revenue growth in full-year 2023

Aquaporin A/S, a leading water technology company, has recently released its Annual Report for the period of January 1 to December 31, 2023. The company, known for its innovative biotechnology approach to water filtration, has shown impressive growth in revenue, with a 95% increase year-on-year. Aquaporin’s CEO, Matt Boczkowski, attributes this success to strategic partnerships across various industries and a dedicated team committed to revolutionizing water purification.

One of the key highlights of Aquaporin’s business activities includes signing exclusive agreements with global brands like AquaShield and E. & J. Gallo Winery to supply membranes for water purification and concentrate wine and grape juice sustainably. The company also expanded its product line with the launch of the A2O Series, catering to residential and commercial water purification needs.

Financially, Aquaporin reported a total revenue of DKK 59.5 million in 2023, a significant increase from the previous year. While there was a loss in EBITDA and EBIT, the company remains optimistic about its future prospects and aims to achieve revenue between DKK 90-110 million in 2024.

In addition to its business achievements, Aquaporin also ventured into space with ESA, NASA, and Danish astronaut Andreas Mogensen to test its innovative Forward Osmosis technology. This demonstrates the versatility and adaptability of Aquaporin’s solutions in diverse environments.

Looking ahead, Aquaporin continues to focus on sustainable growth, with a commitment to addressing global water challenges. By combining biology, chemistry, and physics in its Aquaporin Inside® technology, the company aims to provide efficient and eco-friendly solutions for water treatment in industries, homes, and even space missions.

For more details on Aquaporin’s Annual Report and future plans, interested individuals can join the earnings webcast hosted by CEO Matt Boczkowski and CFO Klaus Juhl Wulff. The event is scheduled for April 5, 2024, at 2.00 PM CET. Further information can be found on Aquaporin’s website.

Aquaporin A/S is dedicated to driving innovation in water technology and looks forward to continuing its mission of rethinking water filtration through sustainable solutions and global partnerships. For inquiries or partnership opportunities, please contact CEO Matt Boczkowski or CFO Klaus Juhl Wulff at the provided contact information.

Source link



Leave a Reply

Your email address will not be published. Required fields are marked *

Most Viewed

Featured Franchise Opportunity

Chubby Cheeks Ultrasound

Child Related Franchises, Low Cost Franchises

$50ˌ000 - $100ˌ000