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Newater Technology Inc Announces Completion Of Merger
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Newater Technology, Inc Announces Completion of Merger
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Newater Technology, Inc Announces Shareholders Approval of Merger Agreement
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Newater Technology, Inc Announces the Discharge of Injunction Against its Going Private Transaction
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NEW YORK, May 3, 2021 /PRNewswire/ Newater Technology, Inc. (NASDAQ: NEWA) ( NEWA, we, our or the Company ), a leading company specializing in development, production and application of DTRO equipment and systems used in waste water filtration, today announced its financial results for the year ended December 31, 2020.
The year ended December 31, 2020 Financial Highlights (all comparisons to the year ended December 31, 2019):
Revenues increased by 36% from $37.6 million to $51.16 million in 2020, our revenue growth in the year 2020 resulted primarily from increased demand for our systems. These increases can be evidenced in the total revenue from project sales, number of end customers, and number of large-scale projects.