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Cadiz (CDZI)

Founded in 1983, Cadiz Inc. is a California business dedicated to sustainable water and agricultural projects. The company owns 70 square miles of property with significant water resources in Southern California and is the largest agricultural operation in San Bernardino, California, where Cadiz has sustainably farmed since the 1980s. Cadiz is also partnering with public water agencies to implement the Cadiz Water Project, which was named a Top 10 Infrastructure Project and over two phases will create a new water supply for approximately 400,000 people and make available up to 1 million acre-feet of new groundwater storage capacity for the region. Guided by a holistic land management plan, Cadiz is dedicated to pursuing sustainable projects and practicing responsible stewardship of our land, water and agricultural resources.

Company profile

Ticker
CDZI, CDZIP
Exchange
NASDAQ
Website
www.cadizinc.com
CEO
Scott Slater
Employees
Incorporated
Delaware
Location
California
Fiscal year end
Dec 31
Sector
Utilities > Water Supply and Irrigation Systems
Industry (SIC)
Water Supply
American Water Works • Essential Utilities • California Water Service • American States Water • Golden State Water • Middlesex Water • Artesian Resources • York Water • Global Water Resources • AquaVenture ...
Former names
CADIZ LAND CO INC
SEC CIK
0000727273
Corporate docs
Subsidiaries
Cadiz Real Estate LLC • Rancho Cadiz Mutual Water Company • SWI Estate, Inc. ...
IRS number
770313235

CDZI stock data

News

From Benzinga Pro
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1 Jul 22
U.S. stocks turned higher toward the end of trading, with the Dow Jones gaining around 200 points on Friday.
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24 Jun 22
Nasdaq Jumps Over 100 Points; Applied Therapeutics Shares Plummet
23 Jun 22

Press releases

From Benzinga Pro
CADIZ INC. ANNOUNCES AN AGREEMENT TO PROVIDE WATER TO THE SALTON SEA AUTHORITY AND TORRES MARTINEZ DESERT CAHUILLA INDIANS
4 Aug 22
Public-private partnership will dedicate 5,000 acre-feet of water per year for 50 years to the Salton Sea Authority and Torres Martinez Tribe and provide up to $5 million in financing for water-pipeline infrastructure
Cadiz Declares Quarterly Dividend for Q2 2022 on Series A Cumulative Perpetual Preferred Stock
21 Jun 22
LOS ANGELES, June 21, 2022 /PRNewswire/ -- Cadiz Inc. ((", the Company", , NASDAQ:CDZI), a California business dedicated to sustainable water and agricultural projects, today announced that its Board of Directors
Cadiz Inc. to Present at B. Riley Securities 22nd Annual Institutional Investor Conference
23 May 22
LOS ANGELES, May 23, 2022 /PRNewswire/ -- Cadiz Inc. ((", the Company", , NASDAQ:CDZI), a California business dedicated to sustainable water and agricultural projects, is pleased to announce its participation this

Investment data

Data from SEC filings
Securities sold
Number of investors

Calendar

12 Aug 22
12 Aug 22
31 Dec 22

Financial summary

Financial statements Chart CDZI financial data
Quarter (USD) Jun 22 Mar 22 Dec 21 Sep 21
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD) Dec 21 Dec 20 Dec 19 Dec 18
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Cash burn rate (est.) Burn method: Change in cash Burn method: Operating income Burn method: FCF (opex + capex)
Last Q Avg 4Q Last Q Avg 4Q Last Q Avg 4Q
Cash on hand (at last report) 19.58M 19.58M 19.58M 19.58M 19.58M 19.58M
Cash burn (monthly) 2.28M (no burn) 1.13M 1.26M 1.44M 1.4M
Cash used (since last report) 3.31M n/a 1.64M 1.83M 2.1M 2.04M
Cash remaining 16.26M n/a 17.94M 17.74M 17.48M 17.54M
Runway (months of cash) 7.1 n/a 15.9 14.0 12.1 12.5

Beta Read what these cash burn values mean

Financial data from Cadiz earnings reports.

Recent insider trades

CDZI insider ownership history Insider history
Date Owner Security Transaction Code Indirect 10b5-1 $Price #Shares $Value #Remaining
12 Jul 22 Keith Brackpool Common Stock Grant Acquire A No No 2.205 5,670 12.5K 1,911,525
12 Jul 22 Hickox Winston H Common Stock Grant Acquire A No No 2.205 11,339 25K 145,813
12 Jul 22 Echaveste Maria Common Stock Grant Acquire A No No 2.205 11,339 25K 15,575
12 Jul 22 Courter Stephen E Common Stock Grant Acquire A No No 2.205 11,339 25K 51,437
12 Jul 22 Webb de Macias Carolyn D Common Stock Grant Acquire A No No 2.205 11,339 25K 15,575
Data from 3, 4 and 5 filings. Values as filed, not updated for current price.

Institutional ownership, Q1 2022

CDZI institutional ownership history Ownership history
57.9% owned by funds/institutions
13F holders Current Prev Q Change
Total holders 80 84 -4.8%
Opened positions 16 26 -38.5%
Closed positions 20 22 -9.1%
Increased positions 23 24 -4.2%
Reduced positions 32 22 +45.5%
13F shares Current Prev Q Change
Total value 25.36M 117M -78.3%
Total shares 29.4M 25.22M +16.6%
Total puts 0 58.7K EXIT
Total calls 23.7K 51.2K -53.7%
Total put/call ratio – 1.1 –
Largest owners Shares Value Change
Heerema International Group Services 17.97M $0 +18.9%
BLK Blackrock 1.63M $3.37M +2.2%
272 Capital 1.02M $2.12M NEW
LC Capital Master Fund 922.36K $3.56M 0.0%
RILY B. Riley Financial 794.72K $1.65M NEW
Vanguard 760.31K $1.57M -39.3%
STT State Street 510.3K $1.06M +19.0%
Geode Capital Management 507.09K $1.05M +0.3%
Parametric Portfolio Associates 453.01K $938K +367.6%
Elkhorn Partners Limited Partnership 453K $938K +14.4%
Largest transactions Shares Bought/sold Change
Heerema International Group Services 17.97M +2.86M +18.9%
272 Capital 1.02M +1.02M NEW
RILY B. Riley Financial 794.72K +794.72K NEW
LGEN Legal & General 1.56K -510.58K -99.7%
Vanguard 760.31K -493.13K -39.3%
Millennium Management 366.71K -386.58K -51.3%
Parametric Portfolio Associates 453.01K +356.12K +367.6%
Renaissance Technologies 258.9K +258.9K NEW
Odey Asset Management 247.11K +247.11K NEW
Gsa Capital Partners 246.08K +181.91K +283.5%
Data from 13F filings, for the last complete 13F reporting period. For most recent data, click the ownership history button. Values as filed, not updated for current price. Long positions only.

Financial report summary

?
Competition
Gulfport Energy

Content analysis

?
Positive
Negative
Uncertain
Constraining
Legalese
Litigous
Readability
H.S. senior Avg
New words: approx, argument, back, consultation, CRE, evaporation, lost, maximum, mile, opposition, oral, properly, stand, submission
Removed: calculation, carrying, comparable, determined, discounted, embedded, estimation, facility, identical, Level, market, naturally, observable, offered, performed, quoted, recharging, security, similar, unadjusted, unobservable, weekly, yield
From filing 10-Q 2022 Q2
Financial reports
View all
10-Q
2022 Q2
Quarterly report
12 Aug 22
10-Q
2022 Q1
Quarterly report
12 May 22
10-K
2021 FY
Annual report
29 Mar 22
10-Q
2021 Q3
Quarterly report
12 Nov 21
10-Q
2021 Q2
Quarterly report
13 Aug 21
10-Q
2021 Q1
Quarterly report
17 May 21
10-K
2020 FY
Annual report
26 Mar 21
10-Q
2020 Q3
Quarterly report
5 Nov 20
10-Q
2020 Q2
Quarterly report
7 Aug 20
10-Q
2020 Q1
Quarterly report
7 May 20
Current reports
View all
8-K
Cadiz Inc. Announces an Agreement to Provide Water to the Salton Sea Authority and Torres Martinez Desert Cahuilla Indians
4 Aug 22
8-K
Departure of Directors or Certain Officers
27 Jul 22
8-K
Amendments to Articles of Incorporation or Bylaws
15 Jul 22
8-K
Departure of Directors or Certain Officers
20 Apr 22
8-K
Cadiz Announces New $12 Million Equity Investment from Registered Direct Offering of Common Stock
21 Mar 22
8-K
Departure of Directors or Certain Officers
8 Feb 22
8-K
Entry into a Material Definitive Agreement
7 Jul 21
8-K
Entry into a Material Definitive Agreement
2 Jul 21
8-K
Submission of Matters to a Vote of Security Holders
22 Jun 21
8-K
Other Events
17 Jun 21
Registration and prospectus
View all
S-8
Registration of securities for employees
3 Aug 22
424B5
Prospectus supplement for primary offering
22 Mar 22
424B5
Prospectus supplement for primary offering
7 Jul 21
8-A12B
Registration of securities on exchange
2 Jul 21
424B5
Prospectus supplement for primary offering
1 Jul 21
FWP
Free writing prospectus
30 Jun 21
424B5
Prospectus supplement for primary offering
28 Jun 21
S-3
Shelf registration
17 Jun 21
424B5
Prospectus supplement for primary offering
4 Jun 21
S-3/A
Shelf registration (amended)
12 Aug 20
Proxies
View all
DEF 14A
Definitive proxy
26 May 22
PRE 14A
Preliminary proxy
16 May 22
DEF 14A
Definitive proxy
27 Apr 21
DEF 14A
Definitive proxy
22 Apr 20
DEFR14A
Revised proxy
17 Jun 19
DEFA14A
Additional proxy soliciting materials
17 Jun 19
DEFC14A
Proxy in contested situation
4 Jun 19
PRER14A
Preliminary revised proxy
31 May 19
PRER14A
Preliminary revised proxy
23 May 19
PREC14A
Preliminary proxy with contested solicitation
13 May 19
Other
View all
CERT
Certification of approval for exchange listing
7 Jul 21
EFFECT
Notice of effectiveness
28 Jun 21
CORRESP
Correspondence with SEC
22 Jun 21
UPLOAD
Letter from SEC
21 Jun 21
EFFECT
Notice of effectiveness
17 Aug 20
CORRESP
Correspondence with SEC
11 Aug 20
UPLOAD
Letter from SEC
9 Aug 20
EFFECT
Notice of effectiveness
29 Apr 20
CORRESP
Correspondence with SEC
23 Apr 20
CORRESP
Correspondence with SEC
9 Apr 20
Ownership
View all
SC 13G
CADIZ / Odey Asset Management ownership change
5 Aug 22
4
CADIZ / Geoffrey T Grant ownership change
14 Jul 22
4
CADIZ / Kenneth T Lombard ownership change
14 Jul 22
4
CADIZ / de Macias Carolyn D Webb ownership change
14 Jul 22
4
CADIZ / STEPHEN E COURTER ownership change
14 Jul 22
4
CADIZ / Maria Echaveste ownership change
14 Jul 22
4
CADIZ / Winston H Hickox ownership change
14 Jul 22
4
CADIZ / KEITH BRACKPOOL ownership change
14 Jul 22
4
CADIZ / Winston H Hickox ownership change
6 Jul 22
4
CADIZ / KEITH BRACKPOOL ownership change
6 Jul 22

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