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Water Intelligence plc Water Intelligence plc Strong 1H Trading Update 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 1H Trading Update for the period ending 30 June 2021. The Group's acceleration in performance reported in 1Q continued during 2Q , producing a strong 1H . Moreover , transactions executed at the end of 2Q and beginning of 3Q fuel further anticipated growth for 2H and beyond . During 1H the Group's revenue grew by 44 % to $ 24.7 million ( 1H 2020 : $ 17.1 million ) and statutory profit before tax by 92 % to $ 3.8 million ( 1H 2020 : $ 2 million ) . Profit before tax adjusted ( PBTA ) for non - cash expenses of amortization and share - based payments increased 77 % to $ 4.2 million ( 1H 2020 : $ 2.4 million ) . EBITDA grew 73 % to $ 5.4 million ( 1H 2020 : $ 3.1 million ) . These 1H results follow a strong full year 2020 which , despite Covid - 19 , produced 17 % revenue growth to $ 37.9 million and 78 % statutory profit before tax growth to $ 4.2 million . More broadly , the first half also builds on the Group's trailing compounded annual growth rate ( CAGR ) . Since 2016 , the Group has achieved a CAGR of 33 % in terms of revenue and 53 % in terms of statutory profit before tax . The Group plans to announce its interim results in mid - September 2021 . Below are Group Key Performance Indicators ( KPIs ) ( for further information on KPIs see Strategic Report to 2020 Accounts ) Financial : Water Intelligence revenue grew strongly by 44 % reaching $ 24.7 million ( 1H 2020 : $ 17.1 million ) ○ ○ Core business units - American Leak Detection ( ALD ) and Water Intelligence International ( WII ) – each grew strongly enabling a broader mix of residential , commercial and municipal offerings for both clean water and wastewater problems . " Implied total annualized sales to customers ( gross sales from which franchise royalty is derived plus direct sales from corporate locations ) has surpassed $ 140 million providing critical mass ALD revenue grew by 42 % to $ 21.9 million ( 1H 2020 : $ 15.4 million ) Royalty income from franchisees grew in absolute terms by 6 % to $ 3.7 million ( 1H 2020 : $ 3.5 million ) , despite eight franchise reacquisitions during 2020 and one during 1Q that reduced the available pool of royalty income