Group 1 - Cadiz reported a quarterly loss of $0.14 per share, which was worse than the Zacks Consensus Estimate of a loss of $0.11, and compared to a loss of $0.12 per share a year ago, indicating an earnings surprise of -27.27% [1] - The company posted revenues of $2.95 million for the quarter ended March 2025, missing the Zacks Consensus Estimate by 34.14%, and this represents an increase from year-ago revenues of $1.12 million [2] - Cadiz shares have declined approximately 39% since the beginning of the year, contrasting with the S&P 500's gain of 0.1% [3] Group 2 - The earnings outlook for Cadiz is currently unfavorable, with a Zacks Rank of 4 (Sell), suggesting that the shares are expected to underperform the market in the near future [6] - The current consensus EPS estimate for the upcoming quarter is -$0.09 on revenues of $4.18 million, and for the current fiscal year, it is -$0.05 on revenues of $16.49 million [7] - The Agriculture - Operations industry, to which Cadiz belongs, is currently ranked in the bottom 38% of over 250 Zacks industries, indicating a challenging environment for stock performance [8]

united states Securities and Exchange Commission Washington, D. C. 20549 FORM 10-Q (Mark One) ☑ Quarterly Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 for the quarterly period ended March 31, 2025 OR ☐ Transition Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 for the transition period from …… to ……. Commission File Number 0-12114 Cadiz Inc. (Exact name of registrant specified in its charter) Delaware 77-0313235 (State or other jurisdiction of ( ...

Cadiz (CDZI) is expected to deliver a year-over-year increase in earnings on higher revenues when it reports results for the quarter ended March 2025. This widely-known consensus outlook gives a good sense of the company's earnings picture, but how the actual results compare to these estimates is a powerful factor that could impact its near-term stock price.The stock might move higher if these key numbers top expectations in the upcoming earnings report. On the other hand, if they miss, the stock may move l ...

"Project development is on track; We picked up some strong tailwinds in Q1"LOS ANGELES, May 5, 2025 /PRNewswire/ -- Cadiz, Inc. (NASDAQ: CDZI / CDZIP) ("Cadiz," the "Company"), a California water solutions company, today issued a letter to shareholders from Chairman and Chief Executive Officer Susan Kennedy with a lookback on the first quarter.----- Cadiz Shareholder Letter Development Schedule Fellow Shareholders, In the last six months our team has been at work behind the scenes, navigating the ups, ...

Group 1 - The equity market serves as a significant mechanism for wealth creation or destruction over the long term through daily price fluctuations [1] - Pacifica Yield focuses on long-term wealth creation by targeting undervalued high-growth companies, high-dividend stocks, REITs, and green energy firms [1]

Core Insights - The utilities sector is experiencing significant overselling, presenting potential investment opportunities in undervalued companies [1][2] Company Summaries - **Sunnova Energy International Inc (NOVA)**: The company appointed Robyn Liska as interim CFO, who is expected to drive financial transformation. The stock has decreased approximately 44% over the past month, with a 52-week low of $0.25. The RSI value is 26.3, and shares closed at $0.33 after a drop of 11.3% [7] - **Cadiz Inc (CDZI)**: Announced a $20 million registered direct offering, selling 5,715,000 shares at $3.50 each, with proceeds aimed at the Mojave Groundwater Bank project. The stock has fallen around 28% in the last month, reaching a 52-week low of $2.12. The RSI value is 29, and shares closed at $2.95 after a slight gain of 0.7% [7] - **Spruce Power Holding Corp (SPRU)**: Reported a quarterly loss of $0.29 per share, an improvement from a loss of $1.60 per share a year ago. The stock has decreased about 20% over the past five days, with a 52-week low of $2.08. The RSI value is 25.4, and shares closed at $2.12 after a decline of 12% [7]

Core Viewpoint - Cadiz (CDZI) reported a quarterly loss of $0.14 per share, which was worse than the Zacks Consensus Estimate of a loss of $0.08, indicating a significant earnings surprise of -75% [1][2] Financial Performance - The company posted revenues of $4.75 million for the quarter ended December 2024, missing the Zacks Consensus Estimate by 43.72%, compared to revenues of $0.68 million in the same quarter last year [2] - Over the last four quarters, Cadiz has consistently failed to surpass consensus EPS and revenue estimates [2] Stock Performance - Cadiz shares have declined approximately 38.3% since the beginning of the year, contrasting with the S&P 500's decline of -3.2% [3] - The current consensus EPS estimate for the upcoming quarter is -$0.09 on revenues of $4.57 million, and for the current fiscal year, it is -$0.33 on revenues of $16.98 million [7] Industry Outlook - The Agriculture - Operations industry, to which Cadiz belongs, is currently ranked in the bottom 21% of over 250 Zacks industries, suggesting a challenging environment for the stock [8]

Financial Performance - Total revenue for the year ended December 31, 2024, was $9.6 million, a significant increase from $2.0 million in 2023, primarily driven by ATEC sales of $7.9 million [141]. - The company incurred a net loss of $31.1 million for the year ended December 31, 2024, compared to a net loss of $31.4 million in 2023, indicating a relatively stable loss year-over-year [138]. - ATEC's gross margin for 2024 was 45.5%, contributing to the overall revenue growth despite ongoing challenges in the alfalfa market [142]. Expenses and Costs - General and administrative expenses increased to $19.7 million in 2024 from $17.3 million in 2023, primarily due to higher professional fees and marketing activities [143]. - Interest expense rose to $7.9 million in 2024 from $4.9 million in 2023, largely due to increased borrowing under the Third Amended Credit Agreement [145]. - Cash used for operating activities totaled $21.5 million for the year ended December 31, 2024, compared to $20.9 million for 2023, primarily for general and administrative expenses [162]. Financing and Capital - The company completed several equity offerings, raising approximately $40.32 million in January 2023 and $23.4 million in November 2024, to support its development projects [149][151]. - The company established Mojave Groundwater Storage Company LLC to finance the construction of a facility with an estimated cost of $800 million, aiming to raise up to $425 million from investors [134]. - The company expects to meet short-term working capital needs with approximately $18.3 million from the March 2025 Direct Offering and existing cash [166]. - Long-term capital needs will depend on the development of the Mojave Groundwater Bank and the expected receipt of $51 million for asset transfers [167]. - The company plans to evaluate cash requirements continuously and may raise funds through equity or debt placements as necessary [168]. Debt and Agreements - The company entered into a $50 million Credit Agreement in July 2021, which was used to repay approximately $77.6 million in senior secured debt and fund dividend payments [154]. - The First Amended Credit Agreement allows lenders to convert up to $15 million of outstanding principal into common stock at a conversion price of $4.80 per share [155]. - The annual interest rate on the remaining principal amount of $21.2 million is 7.00%, with interest on new secured convertible debt paid in kind quarterly [159]. Water Supply and Infrastructure - The company has secured agreements with multiple public water systems for the purchase of 21,275 acre-feet per year (AFY) of water supply, representing 85% of the Northern Pipeline's capacity [132]. - The company has not yet received significant revenues from its water supply, storage, or conveyance assets, relying on ATEC sales and agricultural operations for current revenue [140]. - The company secured an exclusive option to purchase up to 180 miles of steel pipe for the Mojave Groundwater Bank, utilizing $5 million from the November 2024 Direct Offering [153]. Acquisitions and Goodwill - The company completed the acquisition of ATEC in 2022, enhancing its portfolio with innovative water filtration solutions for contaminated groundwater [130]. - The goodwill of all reporting units was assessed and determined to be more-likely-than-not greater than their carrying values, indicating no impairment [176].

LOS ANGELES, March 24, 2025 /PRNewswire/ -- Cadiz, Inc. (NASDAQ: CDZI / CDZIP) ("Cadiz," the "Company"), a California water solutions company, today announced that its Board of Directors has declared the following cash dividend on the Company's 8.875% Series A Cumulative Perpetual Preferred Stock (the "Series A Preferred Stock"). Holders of Series A Preferred Stock will receive a cash dividend equal to $550.00 per whole share. Holders of depositary shares, each representing a 1/1000 fractional interest in a ...

Core Points - Cadiz, Inc. will participate in the 37th Annual ROTH Conference from March 16 to March 18, 2025, in Dana Point, California [1][3] - Chairman and CEO Susan Kennedy will be part of a Water Infrastructure Panel on March 17 at 3:00 PM PT, moderated by Gerard Sweeney [2] - The ROTH Conference features approximately 450 private and public companies across various growth sectors, including sustainability and technology [3] Company Overview - Cadiz, Inc. is a California water solutions company founded in 1983, focused on providing access to clean, reliable, and affordable water [4] - The company manages 45,000 acres of land in California and has a water supply capacity of 2.5 million acre-feet, along with 220 miles of pipeline assets [4] - Cadiz utilizes cost-effective water treatment filtration technology to address the impacts of climate change on clean water access [4]