In the Q2, Artesian Resources Corporation's corporate clients experienced a drop by -50.41 % in their costs of revenue, compared to a year ago, sequentially costs of revenue were trimmed by -53.89 %. During the corresponding time, Artesian Resources Corporation recorded a revenue increase by 7.41 % year on year, sequentially revenue grew by 10.41 %. While revenue at the Artesian Resources Corporation's corporate clients recorded rose by 31.19 % year on year, sequentially revenue grew by 22.42 %.
Customers of Artesian Resources Corporation saw their costs of revenue drop by -50.41 % in Q2 compare to a year ago, sequentially costs of revenue were trimmed by -53.89 %, for the same period Artesian Resources Corporation recorded revenue increase by 7.41 % year on year, sequentially revenue grew by 10.41 %.
Artesian Resources's Comment on Sales, Marketing and Customers
Artesian Resources operates in Delaware, Maryland, and Pennsylvania, primarily serving the Delmarva Peninsula with the largest service area in Delaware. The company provides water and wastewater services, including contract operations and Service Line Protection Plans. Its subsidiaries serve residential, commercial, industrial, governmental, municipal, and utility customers. Artesian Water, the principal subsidiary, distributes and sells water throughout Delaware and offers services to other water utilities and fire protection entities. The company holds exclusive service territories under Certificates of Public Convenience and Necessity, covering approximately 312 square miles for water and 61 square miles for wastewater, mainly in Delaware. Undeveloped areas in Sussex County, Delaware, present potential growth opportunities as development progresses.
Artesian Resources’s Comment on Sales, Marketing and Customers
Artesian Resources operates in Delaware, Maryland, and Pennsylvania, primarily serving the Delmarva Peninsula with the largest service area in Delaware. The company provides water and wastewater services, including contract operations and Service Line Protection Plans. Its subsidiaries serve residential, commercial, industrial, governmental, municipal, and utility customers. Artesian Water, the principal subsidiary, distributes and sells water throughout Delaware and offers services to other water utilities and fire protection entities. The company holds exclusive service territories under Certificates of Public Convenience and Necessity, covering approximately 312 square miles for water and 61 square miles for wastewater, mainly in Delaware. Undeveloped areas in Sussex County, Delaware, present potential growth opportunities as development progresses.
Sources:
Artesian Resources Corporation’s official press releases and regulatory filings; CSIMarket.com’s market research; and the financial filings and press releases of other companies cited in this report.
Updated on:
Focus of this report: Artesian Resources Corporation’s corporate clients.
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