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Water Tower Research

Water Tower Research is a leading equity research firm that provides research on micro, small and mid cap companies.

Water Tower Research was founded by Wall Street veterans after witnessing a fundamental shift in the investment research industry with the result being a declining knowledge base among investors, a lack of awareness and a shrinking pool of fundamental research being conducted on companies across the small-cap and micro-cap spectrum. The same issues are now increasingly occurring in the mid-cap space. This sea change within the investment community is impacting not only the companies themselves but also current shareholders and potential investors. With significantly less active sell-side sponsorship by Wall Street, a substantial information gap has developed between companies and various constituents in the financial community. The net result is fewer channels for insight and information to flow between companies and investors.

Research from Water Tower Research

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Equity Bottom-Up

<ul style="list-style-type: disc;"><li>RE Royalties reported 2Q23 revenue of C$3.4 million, up 291.0% Y/Y from C$0.9 million in 2Q22.</li><li>The company bought back the royalty from Teichos Energy and the loan repaid in the current quarter, driving a gain of $1.5 million in revenue.</li><li>The company’s finance income has seen a decrease as a result of the repayment of the Teichos loan in May 2023 and no additional loan was advanced during the quarter.</li></ul>

RE Royalties reported 2Q23 revenue of C$3.4 million, up 291.0% Y/Y from C$0.9 million in 2Q22.The company bought back the royalty from Teichos Energy and the loan repaid in the current quarter, driving a gain of $1.5 million in revenue.The company’s finance income has seen a decrease as a result of the repayment of the Teichos loan in May 2023 and no additional loan was advanced during the quarter.

RE Royalties Ltd. - 2Q23 Results: Revenue Continues to Trend Higher