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Water Intelligence plc ( AIM : WATR.L ) ( the " Group " or " Water Intelligence " ) , a leading multinational provider of precision , minimally - invasive leak detection and remediation solutions for both potable and non - potable water , is pleased to provide its unaudited Interim Results for the period ending 30 June 2021 . Water Intelligencepl The Group delivered strong growth in revenue and profits in 1H 2021 compared with 1H 2020 , despite the impact of COVID - 19 during both periods . Water Intelligence plc ( AIM : WATR.L ) During 1H 2021 , the Group's revenue grew by 44 % to $ 24.7 million ( 1H 2020 : $ 17.1 million ) and statutory profit before tax rose by 92 % to $ 3.8 million ( 1H 2020 : $ 2.0 million ) . Profit before tax adjusted for non - cash expenses of amortization and share - based payments increased 77 % to $ 4.2 million ( 1H 2020 : $ 2.4 million ) . EBITDA grew 75 % to $ 5.6 million during the period ( 1H 2020 : $ 3.2 million ) . Financial Highlights Interim Results From 2016 to 2020 , the Group delivered a revenue CAGR of 33 % and a profit before tax CAGR of 53 % . For full year 2020 , revenues increased by 17 % and profit before tax by 78 % . 1H results reinforce the Group's trajectory . ● During 1H , the Group completed a number of corporate transactions including several acquisitions , as well as , B2B sales . Accomplished individuals were also added to the board and to the management team . These corporate development achievements are expected to contribute to the scaling of the business and provide strong trading momentum for 2H 2021 and 2022 . O O Revenue for the period increased 44 % to $ 24.70 million ( 1H 2020 : $ 17.10 million ) with growth in all revenue channels : Royalty income up 6 % to $ 3.68 million ( 1H 20 : $ 3.46 million ) Franchise - related activities up 14 % to $ 4.93 million ( 1H 2020 : $ 4.32 million ) with the business - to - business insurance channel component up 15 % to $ 4.54 million ( 1H 2020 : $ 3.94 million ) US corporate - operated locations up 75 % to $ 13.27 million ( 1H 2020 : $ 7.60 million ) International corporate - operated locations up 65 % to $ 2.82 million ( 1H 2020 : $ 1.71 million ) Profit before tax is at the top - end of market expectations ( even after upgrades ) Statutory profit before tax up 92 % to $ 3.85 million ( 1H 2020 : $ 2.01 million ) O