Newater Technology, Inc. Announces Year 2020 Audited Financial Results
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
