H2O Innovation's revenue for the fiscal year ended June 30, 2022, reached $184.4 million. This marks a significant increase compared to the previous fiscal year.
The company's robust financial performance in the fiscal year 2022 saw its revenue increase by $40.0 million, representing a substantial growth of 27.7%. This figure is a considerable jump from the $144.3 million reported for the comparable period of the previous fiscal year.
Revenue Growth Drivers
The impressive revenue growth was primarily fueled by two key factors:
- Organic Revenue Growth: This contributed $25.5 million to the increase, accounting for a 17.7% rise. Organic growth typically reflects the expansion of core business operations, increased sales volumes, or new customer acquisitions without external mergers or acquisitions.
- Acquisition Growth: This added $15.8 million to the revenue, contributing a 10.9% increase. This indicates the positive impact of strategic acquisitions on the company's overall financial performance and market reach.
Key Revenue Figures
The following table summarizes H2O Innovation's revenue for the specified fiscal periods:
| Fiscal Year Ended | Total Revenue | Growth from Previous Year | Growth Percentage |
|---|---|---|---|
| June 30, 2022 | $184.4 million | +$40.0 million | +27.7% |
| Previous Fiscal Year | $144.3 million | - | - |
These results highlight H2O Innovation's strong financial trajectory and its successful strategies in both expanding its existing operations and integrating new ventures.
